ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a top provider of online real estate services and analytics, has announced that it has successfully completed its acquisition of Matterport, Inc. (NASDAQ: MTTR), a leader in 3D digital twin technology. This merger unites two innovative companies to speed up the use of AI-driven digital twin technology in the global real estate market.
ARLINGTON, Va.--(BUSINESS WIRE)--Homes.com, a top online residential marketplace from CoStar Group, has published a report on the trends in home buying and selling in the Washington-area housing market. This comes after significant changes in the federal workforce, including around 75,000 employees taking buyouts from the Trump administration and others being laid off, leading to ongoing fluctuations. The analysis from Homes.com shows that since January, there have been notable developments.
I keep a buy rating for CoStar Group because of its positive growth potential, supported by good results from Apartments.com and Homes.com. The recent earnings report revealed a year-over-year revenue increase of 11% to $709 million, with adjusted EBITDA rising 47% from the previous quarter, indicating effective operations. Apartments.com remains a leader, showing a 13.4% year-over-year revenue growth in the fourth quarter of 2024, thanks to high vacancy rates in multifamily housing and strong pricing ability.
On Friday, Australia's Domain Holdings announced that the U.S. online real estate company CoStar has proposed to acquire the property classifieds firm for A$2.65 billion (approximately $1.70 billion).
CSGP's results for the fourth quarter of 2024 show strong year-over-year revenue growth and an increasing market presence, but higher costs are creating challenges.
The main figures for CoStar (CSGP) provide an overview of the company's performance for the quarter that ended in December 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.
CoStar Group (CSGP) reported quarterly earnings of $0.26 per share, which is higher than the Zacks Consensus Estimate of $0.22 per share. This is a decrease compared to earnings of $0.33 per share from the same period last year.
CoStar Group (CSGP 1.89%), which offers real estate information and analytics, announced its earnings for the fourth quarter of 2024 on February 18, 2025. The company generated $709 million in revenue, surpassing the analyst prediction of $701 million and hitting the top end of its own guidance range of $693 million to $703 million.
ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP) (“CoStar Group,” “we” or “our”), a top provider of online real estate marketplaces, information, and analytics for both commercial and residential properties, has announced its purchase of agricultural data firm Ag-Analytics. This strategic move will improve CoStar Group's Land.com platform and expand its reach into the agricultural land market.
CSGP's revenue for the fourth quarter of 2024 is expected to show strong performance from its marketplace portfolio, which features Apartments.com, LoopNet, and Homes.com.