CoStar Q3 revenue $625M (+12% YoY); net income $91M (+25%); Homes.com traffic surges

COSTAR GROUP, INC.

2023-Q3 EPS reported $0.68 revenue$1,814,941,000

Q3 revenue $625M, up 12% YoY; net income $91M, up 25%; adjusted EBITDA $112M.
Commercial info & marketplace revenue up 14% YoY; margins approaching 40%.
Homes.com had 100M unique visitors in Sept, up 1,290% YoY; now second-largest residential network.
Announced offer to acquire UK residential portal OnTheMarket; expects monetization of Homes.com in Q2 2024.
FY 2023 guidance: revenue $2.445-2.450B; adjusted EBITDA $485-490M; non-GAAP EPS $1.21-1.22.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COSTAR GROUP, INC. reported the quarter ended September 30, 2023 results: revenue $625 million, net income $91 million, EPS 0.22. Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Revenue: $625 million
Net income: $91 million
EPS: 0.22
Guidance: reaffirmed
Result: reported results

Exact text from the filing

CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended September 30, 2023 was $625 million, up 12% over revenue of $557 million for the quarter ended September 30, 2022. Net income was $91 million in the third quarter, an increase of 25% over the prior year.

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Source: SEC EDGAR

accession 0001193125-23-261675

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