secwatch.observer — SEC 8-K summary
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Issuer:     COSTAR GROUP, INC. (CSGP)
CIK:        0001057352
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001193125-24-182891
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoStar Q2 revenue up 12% to $678M; net income falls to $19M as Homes.com ramp continues
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- Revenue $678M (+12% YoY); net income $19M ($0.05 diluted EPS) vs $101M ($0.25) in Q2 2023.
- Adjusted EBITDA $41M (6% margin) vs $127M (21% margin) a year ago; non-GAAP EPS $0.15.
- Net new bookings $67M; Homes.com net new bookings YTD over $55M; 148M monthly unique visitors.
- FY 2024 revenue guidance $2.735-2.745B (+12% YoY); adjusted EBITDA raised to $195-205M.
- Q3 2024 revenue expected $692-697M (+11%); non-GAAP EPS $0.15-0.16; shares 408M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057352/000119312524182891/0001193125-24-182891-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057352/000119312524182891/d856482d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-182891

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