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Andy Florance Named 2024 Tech Titan by Washingtonian Magazine

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Andy Florance, Founder and CEO of CoStar Group (NASDAQ: CSGP), has been named one of Washingtonian Magazine's 2024 Tech Titans for the third consecutive year. Recognized in the "Starters" category, Florance's honor highlights his role in revolutionizing the real estate market, particularly through the rapid growth of Homes.com.

CoStar Group reported strong financial results in Q2 2024, with a 12% year-over-year revenue increase to $678 million and net new bookings of $67 million. The company achieved a record 183 million monthly average unique visitors across its platforms. Notably, Homes.com experienced 197% year-over-year growth, reaching 99 million average monthly unique visitors in Q2 2024.

Florance expressed gratitude for the recognition, emphasizing the company's focus on launching Homes.com as an agent-friendly platform and its commitment to digitizing global real estate.

Andy Florance, fondatore e CEO di CoStar Group (NASDAQ: CSGP), è stato nominato uno dei Tech Titans del Washingtonian Magazine per il terzo anno consecutivo. Riconosciuto nella categoria "Starters", il riconoscimento di Florance mette in evidenza il suo ruolo nella rivoluzione del mercato immobiliare, in particolare attraverso la rapida crescita di Homes.com.

CoStar Group ha riportato risultati finanziari solidi nel secondo trimestre del 2024, con un aumento del 12% dei ricavi anno su anno che ha raggiunto i 678 milioni di dollari e nuove prenotazioni nette di 67 milioni di dollari. L'azienda ha registrato un record di 183 milioni di visitatori unici mensili in media sulle sue piattaforme. In modo particolare, Homes.com ha registrato un crescita del 197% anno su anno, raggiungendo 99 milioni di visitatori unici mensili medi nel secondo trimestre del 2024.

Florance ha espresso gratitudine per il riconoscimento, sottolineando l'attenzione dell'azienda nel lanciare Homes.com come una piattaforma amichevole per gli agenti e il suo impegno nella digitalizzazione del settore immobiliare globale.

Andy Florance, fundador y CEO de CoStar Group (NASDAQ: CSGP), ha sido nombrado uno de los Tech Titans de Washingtonian Magazine por tercer año consecutivo. Reconocido en la categoría "Starters", el honor de Florance resalta su papel en la revolución del mercado inmobiliario, particularmente a través del rápido crecimiento de Homes.com.

CoStar Group reportó resultados financieros sólidos en el segundo trimestre de 2024, con un incremento de ingresos del 12% interanual alcanzando los 678 millones de dólares y nuevas reservas netas de 67 millones de dólares. La compañía logró un récord de 183 millones de visitantes únicos mensuales en promedio en sus plataformas. Notablemente, Homes.com experimentó un crecimiento del 197% interanual, alcanzando 99 millones de visitantes únicos mensuales promedio en el segundo trimestre de 2024.

Florance expresó su agradecimiento por el reconocimiento, enfatizando el foco de la empresa en lanzar Homes.com como una plataforma amigable para agentes y su compromiso con la digitalización del mercado inmobiliario global.

앤디 플로랜스(CoStar Group의 창립자 겸 CEO, NASDAQ: CSGP)는 워싱턴 매거진2024 테크 타이탄 중 한 명으로 세 번째 연속 선정되었습니다. '스타터' 카테고리에서 인정받은 플로랜스의 영예는 특히 Homes.com의 빠른 성장 덕분에 부동산 시장의 혁명을 주도한 그의 역할을 강조합니다.

CoStar Group은 2024년 2분기 동안 강력한 재무 결과를 보고했으며, 전년 대비 매출 12% 증가로 6억7800만 달러에 달하고 순 신규 예약은 6700만 달러에 달합니다. 이 회사는 플랫폼 전반에서 1억8300만 명의 월 평균 고유 방문자라는 기록을 달성했습니다. 특히, Homes.com은 전년 대비 197% 성장하여 2024년 2분기에 9900만 명의 월 평균 고유 방문자에 도달했습니다.

플로랜스는 이 인정을 받게 되어 감사하다는 말을 전하며, Homes.com을 에이전트 친화적인 플랫폼으로 출시하는 것과 전 세계 부동산 디지털화에 대한 회사의 헌신을 강조했습니다.

Andy Florance, fondateur et PDG de CoStar Group (NASDAQ: CSGP), a été nommé l'un des Tech Titans du Washingtonian Magazine pour la troisième année consécutive. Reconnu dans la catégorie "Starters", l'honneur de Florance souligne son rôle dans la révolution du marché immobilier, notamment grâce à la croissance rapide de Homes.com.

CoStar Group a annoncé de solides résultats financiers au deuxième trimestre 2024, avec une augmentation des revenus de 12% par rapport à l'année précédente, atteignant 678 millions de dollars, et de nouvelles réservations nettes de 67 millions de dollars. L'entreprise a atteint un record de 183 millions de visiteurs uniques mensuels en moyenne sur ses plateformes. Notamment, Homes.com a connu une croissance de 197% par rapport à l'année précédente, atteignant 99 millions de visiteurs uniques mensuels en moyenne au deuxième trimestre 2024.

Florance a exprimé sa gratitude pour cette reconnaissance, soulignant l'engagement de l'entreprise à lancer Homes.com comme une plateforme conviviale pour les agents et son engagement à numériser le marché immobilier mondial.

Andy Florance, Gründer und CEO von CoStar Group (NASDAQ: CSGP), wurde zum dritten Mal in Folge als einer der Tech Titans des Washingtonian Magazine ausgezeichnet. In der Kategorie "Starters" wird Florances Ehrung besonders für seine Rolle bei der Revolutionierung des Immobilienmarktes hervorgehoben, insbesondere durch das rasante Wachstum von Homes.com.

CoStar Group meldete im 2. Quartal 2024 starke finanziellen Ergebnisse, mit einem Umsatzanstieg von 12% im Vergleich zum Vorjahr auf 678 Millionen Dollar und neuen Nettobuchungen von 67 Millionen Dollar. Das Unternehmen erzielte einen Rekord von 183 Millionen monatlichen durchschnittlichen eindeutigen Besuchern auf seinen Plattformen. Besonders bemerkenswert ist, dass Homes.com ein Wachstum von 197% im Vergleich zum Vorjahr verzeichnete und im 2. Quartal 2024 99 Millionen monatliche durchschnittliche eindeutige Besucher erreichte.

Florance äußerte Dankbarkeit für die Anerkennung und betonte den Fokus des Unternehmens auf die Einführung von Homes.com als agentenfreundliche Plattform sowie das Engagement für die Digitalisierung des globalen Immobilienmarktes.

Positive
  • CoStar Group reported a 12% year-over-year revenue increase to $678 million in Q2 2024
  • Net new bookings totaled $67 million in Q2 2024
  • Achieved a record 183 million monthly average unique visitors across platforms
  • Homes.com experienced 197% year-over-year growth, reaching 99 million average monthly unique visitors in Q2 2024
  • $1 billion marketing campaign launched for Homes.com in early 2024, including Super Bowl commercials
Negative
  • None.

WASHINGTON--(BUSINESS WIRE)-- Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, has been honored as one of Washingtonian Magazine’s 2024 Tech Titans. This marks the third consecutive year Florance has received this prestigious recognition.

The Tech Titans list is published annually and highlights key figures across the D.C. area who make innovative contributions to the technology sector. This year, Florance was recognized in the “Starters” category, celebrating entrepreneurs, founders and early-stage CEOs who are transforming industries through technology and innovation. Florance’s recognition on the list underscores his vital role in revolutionizing the real estate market, particularly through the rapid growth of Homes.com, which has become the fastest growing homebuying portal in the U.S.

In awarding Florance, the magazine noted that “CoStar Group’s sheer massiveness—it has over 6,300 employees and a $32 billion market cap—induced Virginia to put up $5 million this year to get it to move the home base from downtown DC to Arlington. Florance, meanwhile, is focused on expanding the real estate-intelligence firm’s Homes.com portal, including via Super Bowl commercials featuring Dan Levy (Schitt’s Creek) and rapper Lil Wayne.”

Founded in 1986, CoStar Group has continued to deliver strong financial results in 2024, reporting a 12% year-over-year revenue increase in Q2 2024, with revenue reaching $678 million and net new bookings totaling $67 million. For the quarter ending on June 30, 2024, CoStar Group achieved a record high of 183 million monthly average unique visitors across its platforms, including Homes.com, Apartments.com, LoopNet, and other online marketplaces. Notably, Homes.com experienced 197% year-over-year growth in Q2 2024, achieving 99 million average monthly unique visitors, according to Google Analytics. The residential portal has received continued exposure as a result of a massive $1 billion marketing campaign that launched in early 2024, with high-profile commercials airing during the Super Bowl and major events.

"I’m truly grateful to be acknowledged as one of Washington’s leading tech innovators for the third consecutive year alongside these inspiring leaders," said Florance. "Over the past few years, we’ve concentrated on launching Homes.com, aiming to create the most agent-friendly platform in the industry, alongside numerous significant domestic and international projects. This recognition is a testament to our team’s commitment to digitizing the world’s real estate and delivering exceptional value to our clients globally."

About CoStar Group, Inc.

CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attracted over 183 million monthly average unique visitors in the second quarter of 2024. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

News Media Contact

Matthew Blocher

CoStar Group

(202) 346-6775

mblocher@costargroup.com

Source: CoStar Group

FAQ

Why was Andy Florance named a 2024 Tech Titan by Washingtonian Magazine?

Andy Florance was named a 2024 Tech Titan for his innovative contributions to the technology sector, particularly in revolutionizing the real estate market through CoStar Group (NASDAQ: CSGP) and the rapid growth of Homes.com.

What was CoStar Group's (CSGP) revenue growth in Q2 2024?

CoStar Group (NASDAQ: CSGP) reported a 12% year-over-year revenue increase in Q2 2024, with revenue reaching $678 million.

How much did Homes.com's traffic grow in Q2 2024?

Homes.com, part of CoStar Group (NASDAQ: CSGP), experienced 197% year-over-year growth in Q2 2024, achieving 99 million average monthly unique visitors.

What marketing initiative did CoStar Group (CSGP) launch for Homes.com in 2024?

CoStar Group (NASDAQ: CSGP) launched a massive $1 billion marketing campaign for Homes.com in early 2024, featuring high-profile commercials during the Super Bowl and major events.

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