CoStar Group Q4 revenue $640M (+12%); CFO Wheeler to retire June 2024

COSTAR GROUP, INC.

2023-FY EPS reported $0.92 revenue$2,455,000,000

FY2023 revenue $2.46B (+13% YoY); net income $375M vs $369M; Q4 revenue $640M (+12%), net income $96M.
Apartments.com reached $1B annualized run rate revenue in Jan 2024; full-year revenue growth ~23%.
Homes.com launched subscription model Feb 12; first week net new bookings ~$4.5M; traffic up 600% YoY.
FY2024 guidance: revenue $2.75-2.77B, adj EBITDA $170-190M, non-GAAP EPS $0.57-0.60; Q1 rev $645-650M.
CFO Scott Wheeler retiring effective June 15, 2024; plans to leave CFO role, transition process started.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Scott Wheeler

Chief Financial Officer

CSGP · COSTAR GROUP, INC.

Effective: 2024-06-15
Filed: February 20, 2024, 6:59 PM ET

On February 20, 2024, Scott Wheeler notified the Company of his intention to retire from his position as Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COSTAR GROUP, INC. updated its the quarter and year ended December 31, 2023 guidance (raised).

Period: the quarter and year ended December 31, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On February 20, 2024, CoStar Group, Inc. (“CoStar” or the “Company”) announced its financial and operating results for the quarter and year ended December 31, 2023. The full text of the press release (the “Press Release”) issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Wheeler departed as Chief Financial Officer at COSTAR GROUP, INC..

Action: retire
Role: Chief Financial Officer

Exact text from the filing

On February 20, 2024, Scott Wheeler notified the Company of his intention to retire from his position as Chief Financial Officer.

View on SEC.gov

23 earnings releases filed in the last 30 days. Browse all earnings releases →

COSTAR GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-040030

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