CoStar Group, Inc.
CoStar Group Announces Retirement of CFO and Reports 2023 Financial Results
Summary
On February 20, 2024, CoStar Group, Inc. announced its financial results for the quarter and year ended December 31, 2023, with a 13% increase in annual revenue to $2.46 billion and a 12% rise in quarterly revenue to $640 million. Net income for the year was $375 million, up from $369 million in 2022. In a significant executive change, Scott Wheeler, the Company's Chief Financial Officer since 2016, notified the Company of his intention to retire, with plans to step down on June 15, 2024. The Company expects revenue for 2024 to range between $2.75 billion and $2.77 billion, reflecting an estimated 12% to 13% year-over-year growth.
Profitelligence Alerts
Get alerts for CSGP
Be first to know when CoStar Group, Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
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.
Official SEC Documents
Advertisement