secwatch.observer — SEC 8-K summary
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Issuer:     COSTAR GROUP, INC. (CSGP)
CIK:        0001057352
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001193125-24-107185
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoStar Q1 revenue up 12% to $656M; Homes.com bookings $39M, record net new bookings $86M; raises FY guidance
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- Q1 revenue $656M (+12% YoY); GAAP net income $7M ($0.02 EPS), non-GAAP net income $42M ($0.10 EPS).
- Net new bookings record $86M, including $39M from Homes.com memberships launched Feb 12, 2024.
- Residential Network traffic 156M monthly unique visitors in March; unaided brand awareness up from 4% to 24%.
- FY2024 revenue guidance raised to $2.76-2.77B; adjusted EBITDA guidance raised to $185-205M (up $15M midpoint).
- Apartments.com and CoStar both crossed $1B annualized run-rate revenue in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057352/000119312524107185/0001193125-24-107185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057352/000119312524107185/d827733d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-107185

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer