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CoStar Group Inc. (NASDAQ: CSGP) is the premier provider of commercial real estate information, analytics, and online marketplaces. Established in 1987, CoStar has built and maintained the most comprehensive database of commercial real estate data through extensive and continuous research. This effort supplies clients with unparalleled insights into property values, market conditions, and current availabilities.
CoStar's diverse suite of online services includes CoStar Suite, which offers in-depth analytical information on over 5 million commercial real estate properties across various sectors such as office, retail, hotels, multifamily, healthcare, industrial, self-storage, and data centers. Another prominent platform, LoopNet, is the most trafficked commercial real estate marketplace online, boasting over 9.8 million registered members.
The company also oversees leading apartment resource sites like Apartments.com, ApartmentFinder.com, and ApartmentHomeLiving.com. These platforms serve renters seeking quality apartment homes and provide a robust marketing channel for property managers and owners. As of June 2015, CoStar's websites collectively attract more than 23.6 million unique monthly visitors.
Headquartered in Washington, DC, CoStar Group has significantly expanded its global footprint, including recent growth into markets in Canada, the United Kingdom, Spain, and France. With over 80% of its revenue derived from subscription-based services, CoStar continues to lead the industry through innovation and a commitment to providing actionable real estate intelligence.
Homes.com, a CoStar Group company, has released a new report analyzing the Washington-area housing market following recent federal workforce changes. The study reveals that despite approximately 75,000 federal employees accepting buyouts and additional layoffs, neither D.C. nor surrounding areas in Maryland and Virginia have experienced significant changes in active listings, sold properties, or median sales prices.
The report indicates a slight increase in listings and asking prices, though this trend preceded the administrative changes. A notable development in the DMV housing market is the surge in ultraluxury listings, with 13 houses priced at $7 million or higher listed in the past month. The Homes.com Network reached 110 million average monthly unique visitors in Q4 2024, with brand awareness increasing from 4% to 33% following CoStar Group's major marketing campaign in February 2024.
CoStar Group (NASDAQ: CSGP) reported strong financial results for 2024, with revenue reaching $2.74 billion, up 11% from 2023. The company's Q4 2024 revenue was $709 million, marking its 55th consecutive quarter of double-digit growth.
Key highlights include Apartments.com achieving $1.07 billion in revenue (+17% YoY) and CoStar's flagship offering generating $1.02 billion (+10% YoY). The Homes.com Network has become the second-largest residential real estate marketplace in the U.S., reaching 110 million average monthly unique visitors in Q4.
The Board approved a $500 million stock repurchase program with no time limit. For 2025, the company projects revenue between $2.985-$3.015 billion, representing approximately 10% growth, with adjusted EBITDA expected between $375-$405 million.
CoStar Group (NASDAQ: CSGP) has acquired agricultural data company Ag-Analytics, enhancing its Land.com platform with agricultural land sector capabilities. The acquisition integrates Ag-Analytics' AcreValue platform, which provides valuations on 2.8 million land parcels and serves 1.5 million registered users across 48 contiguous states.
The integration will enhance Land.com's offerings with comprehensive data including geographical information, soil composition, elevations, and historical data. Ag-Analytics maintains a strategic alliance with Farmer Mac in the agricultural credit market, where farm sector real estate debt totals $355 billion. The acquisition targets the farm sector real estate market, representing a $3.4 trillion asset class, aiming to maximize revenue and provide increased value for clients.
CoStar Group (NASDAQ: CSGP) has been recognized on Forbes' 2025 America's Best Large Employers list, highlighting its commitment to employee growth and market leadership. The company demonstrated strong workforce metrics in 2024, including hiring 1,570 new employees (9.6% YoY increase) and maintaining a 99% monthly retention rate. Employee median tenure stands at 4.4 years, exceeding the national private sector average of 3.5 years.
The company reported impressive financial performance with $693 million in revenue for Q3 2024, representing an 11% year-over-year increase. This growth was driven by strong performance from Apartments.com and CoStar platforms. Additionally, Homes.com, backed by a $1 billion marketing campaign, has emerged as one of the top two residential marketplaces in the U.S.
Founded in 1986, CoStar Group now employs over 6,600 people across 14 countries. The company is included in both the S&P 500 Index and NASDAQ 100, and its websites attracted over 163 million average monthly unique visitors in Q3 2024.
Homes.com, a CoStar Group residential marketplace, announces its return to the Super Bowl with two 30-second commercials featuring Dan Levy, Heidi Gardner, and Morgan Freeman. The ads playfully hint at Homes.com being 'the best' home-shopping site while navigating legal restrictions on making such claims.
The company reports significant growth, with the Homes.com Network attracting 114 million unique visitors in January and averaging 110 million monthly unique visitors in the last fiscal quarter - nearly double Realtor.com's 62 million. Brand awareness has increased dramatically from 4% to 33%.
Homes.com differentiates itself as the first major U.S. real estate portal prioritizing homeowners and their agents, with members reportedly winning 58% more listings. Unlike competitors, Homes.com doesn't redirect leads from MLS listings to unrelated agents. The company plans to maintain its marketing presence across various media channels post-Super Bowl.
CoStar Group (NASDAQ: CSGP) announced a new client partnership with RX London, a boutique consultancy specializing in central London's real estate market. The partnership will provide RX London access to CoStar's commercial real estate data and analytics platform to enhance their business development, client advisory, and decision-making capabilities.
RX London, known for its independent consulting approach and expertise in capital markets, leasing, development, and lease advisory services, will utilize CoStar's suite of products to strengthen their data-driven methodology. The collaboration reinforces CoStar's position as a global leader in commercial real estate information and analytics, particularly in the UK market.
CoStar Group CEO Andy Florance has been named a 2025 RISMedia Real Estate Newsmaker, recognizing his transformative contributions to the real estate industry. The recognition primarily stems from his leadership in developing Homes.com, which saw remarkable growth following a $1 billion marketing campaign launched in February 2024.
Under Florance's direction, Homes.com achieved significant milestones, including 130 million average monthly unique visitors by Q3 2024, with unaided awareness increasing from 4% to 33%. The company also announced plans to acquire Matterport, aiming to integrate its 3D capture technology into CoStar's products.
CoStar Group continues to expand its portfolio of real estate marketplaces and analytics platforms, including Apartments.com, LoopNet, STR, and various international property portals. The company's websites collectively attracted over 163 million average monthly unique visitors in the third quarter of 2024.
CoStar Group (NASDAQ: CSGP) has been named one of HousingWire's 2025 Tech100 Real Estate honorees, recognizing the most innovative and impactful tech companies in the real estate industry. The company reported strong performance with $693 million in Q3 2024 revenue, representing an 11% year-over-year increase, driven by growth from Apartments.com and CoStar platforms.
Founded in 1986, CoStar Group has expanded to over 6,400 employees across 14 countries. The company's Homes.com platform has achieved significant growth through a $1 billion marketing campaign, becoming one of the top two residential marketplaces in the U.S. CoStar Group is included in both the S&P 500 Index and NASDAQ 100, highlighting its market prominence.
The company operates multiple leading platforms including Apartments.com, LoopNet, STR, Ten-X, and various international property portals, attracting over 163 million average monthly unique visitors in Q3 2024.
CoStar Group (NASDAQ: CSGP) has announced it will release its fourth quarter and full year 2024 financial results after market close on Tuesday, February 18, 2025. The company will host a conference call at 5:00 PM ET the same day to discuss the results and company outlook.
CoStar Group, founded in 1987, is a leading provider of online real estate marketplaces, information, and analytics. The company operates multiple platforms including Apartments.com, LoopNet, Homes.com, and various international property portals. Their websites attracted over 163 million average monthly unique visitors in the third quarter of 2024. The company maintains offices throughout the U.S., Europe, Canada, and Asia.
CoStar Group (NASDAQ: CSGP) has announced a strategic partnership with Chandler Garvey, a UK commercial property consultancy specializing in the Thames Valley region. Through this collaboration, Chandler Garvey will gain access to CoStar's real estate data and analytics platform as well as LoopNet's marketplace to enhance their service offerings and support growth initiatives.
The partnership will enable Chandler Garvey to leverage CoStar's comprehensive insights on property values, market conditions, occupancy levels, and availability. Additionally, through LoopNet, Chandler Garvey will be able to connect their commercial property listings with the world's largest audience of commercial tenants and buyers, enhancing visibility for their clients' properties.
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