secwatch.observer — SEC 8-K summary
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Issuer:     COSTAR GROUP, INC. (CSGP)
CIK:        0001057352
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001193125-23-261675
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057352/000119312523261675/0001193125-23-261675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057352/000119312523261675/d668394d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-261675

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