CoStar Group Revenue Beats, EPS Dips
CoStar Group reported mixed Q4 2024 results, with revenue exceeding expectations but earnings per share falling short.
CoStar Group (NASDAQ:CSGP), a provider of real estate information and analytics, released its fourth quarter 2024 earnings on Feb. 18, 2025. The company reported revenue of $709 million, exceeding the analyst estimate of $701 million and reaching the upper limit of its own guidance range of $693 million to $703 million. Despite strong revenue performance, the company fell short in earnings per share, posting $0.15 against the expected $0.22. Overall, the quarter was a mixed outcome with solid revenue growth but unmet earnings expectations.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in 2024-10-22 earnings report.
CoStar Group provides online real estate marketplaces, data, and analytics services. It stands out with a comprehensive proprietary database that includes property, leasing, sales, and tenant information, all supported by robust research and technology. A major focus of CoStar has been the expansion of its market presence in the residential real estate segment with standout platforms like Apartments.com and a rapidly growing Homes.com network. Critical success factors include continuously updating its database, strategic acquisitions to expand offerings, and investing in technological advancements.
