Costar Group (CSGP) Tops Q1 EPS by 4c, Offers Guidance

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Go back to Costar Group (CSGP) Tops Q1 EPS by 4c, Offers Guidance

CoStar Group First Quarter 2022 Revenue Increased 13% Year-over-Year and Net New Bookings Grew 31% to a Record $68 Million

April 26, 2022 4:13 PM EDT

WASHINGTON--(BUSINESS WIRE)-- CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended March 31, 2022, was $516 million, an increase of 13% over revenue of $458 million for the first quarter of 2021.

Net income for the first quarter of 2022 was $89 million, an increase of 20% compared to net income of $74 million for the first quarter of 2021. EBITDA for the first quarter of 2022 was $158 million, an increase of 17% compared to EBITDA of $136 million for the first quarter of... More