Costar Group (CSGP) Tops Q2 EPS by 1c, Offers Guidance

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Go back to Costar Group (CSGP) Tops Q2 EPS by 1c, Offers Guidance

CoStar Group Second Quarter 2023 Revenue Increased 13% Year-over-Year and Net New Bookings Were $82 Million. CoStar Group Reaches 105 Million Monthly Visitors.

July 25, 2023 4:05 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 June 30, 2023 was $606 million, 13% over revenue of $536 million for the quarter ended June 30, 2022. Net income was $101 million in the second quarter, an increase of 20% over prior year.

We achieved another great quarter of very strong results in terms of revenue, sales and traffic to our websites, said Andy Florance, Founder and Chief Executive Officer of CoStar Group. "Overall revenue grew an impressive 13% year-over-year,... More