Costar Group (CSGP) Tops Q1 EPS by 9c, Revenues Beat; Offers FY19 & 2Q EPS/Revenue Guidance

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Go back to Costar Group (CSGP) Tops Q1 EPS by 9c, Revenues Beat; Offers FY19 & 2Q EPS/Revenue Guidance

CoStar Group First Quarter Revenue Grows 20% and Net Income Increases 63% Year-Over-Year

April 23, 2019 4:02 PM EDT

WASHINGTON--(BUSINESS WIRE)-- CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that revenue for the quarter ended March 31, 2019, was $328 million, an increase of 20% over revenue of $274 million for the first quarter of 2018. Net income for the first quarter of 2019 was $85 million, an increase of 63% over net income of $52 million for the first quarter of 2018.

EBITDA for the first quarter of 2019 was $113 million, an increase of 61% versus EBITDA of $70 million for the first quarter of 2018. Adjusted EBITDA (which excludes stock-based compensation, acquisition... More