CoStar Group reports Q3 EPS 13c, consensus 16c

Reports Q3 revenue $693M, consensus $696.1M. “We achieved another strong quarter of results with our 54th consecutive quarter of double-digit revenue growth,” said Andy Florance, Founder and CEO of CoStar Group (CSGP). “CoStar Group revenue grew 11% year-over-year, as our two billion-dollar run rate businesses, Apartments.com and CoStar, continue to deliver double-digit revenue growth. Net income, EBITDA and Adjusted EBITDA increased significantly versus each of the first and second quarters of 2024. Our commercial information and marketplace businesses continue to perform very well and delivered 43% profit margins in the third quarter of 2024.”