CoStar Group, Inc.
CoStar Group Reports Strong 2024 Financial Results and Authorizes Stock Repurchase Program
Summary
CoStar Group, Inc. reported its financial and operating results for the quarter and year ended December 31, 2024, showing significant growth across multiple metrics. Full-year revenue increased by 11% to $2.74 billion, and Q4 2024 revenue grew by 11% to $709 million. Net income increased by 13% in Q4 2024 to $60 million, and Adjusted EBITDA increased by 47% compared to Q3 2024. The company's Homes.com Network became the second-largest residential real estate marketplace in the U.S., achieving an audience of 110 million average monthly unique visitors in Q4 2024. In February 2025, the Board approved a stock repurchase program authorizing the repurchase of up to $500 million of the Company's common stock.
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About CoStar Group, Inc.
CoStar Group, Inc. is a leading provider of information, analytics, and marketing services for the commercial real estate industry. The company's primary function is to offer comprehensive data solutions that professionals rely on to evaluate, buy, sell, finance, and invest in commercial properties. CoStar Group impacts sectors including real estate investment, property management, and urban planning through its databases and analytics tools. Its extensive suite of products, such as CoStar, LoopNet, and Apartments.com, delivers detailed property listings, market analysis, and a vast network for connecting buyers, sellers, and renters. Founded in 1987 and based in Washington, D.C., CoStar Group plays a crucial role in enhancing the transparency and efficiency of the real estate marketplace, serving a diverse clientele from brokers and appraisers to government agencies and developers.
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