Costar Group (CSGP) Tops Q4 EPS by 3c

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Go back to Costar Group (CSGP) Tops Q4 EPS by 3c

CoStar Group Grows 2016 Revenue 18%, Increases Annual Net Income $88 Million and Annual EBITDA $125 Million

February 22, 2017 4:15 PM EST

WASHINGTON, Feb. 22, 2017 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that revenue for the year ended December 31, 2016 was $838 million, an increase of 18% over revenue of $712 million for the full year of 2015.  Revenue for the fourth quarter of 2016 grew 13% year-over-year to $218 million.

Net income for the year ended December 31, 2016 increased $88 million to $85 million or $2.62 per diluted share compared to a net loss of $(3) million for the full year of 2015. EBITDA (defined below) for the full year of 2016 was $215 million... More