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CoStar Group Inc - CSGP STOCK NEWS

Welcome to our dedicated page for CoStar Group news (Ticker: CSGP), a resource for investors and traders seeking the latest updates and insights on CoStar Group stock.

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.

News

Homes.com Skyrockets Past 100 Million Unique Visitors in September

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Homes.com achieves major milestone with over 100 million unique visitors, surpassing competitors Redfin and Realtor.com. CoStar Group's network of real estate portals brings in 160 million unique visitors in September, more than Realtor.com and Redfin combined. Homes.com's growth is built on its unique business model and user-friendly experience. Breaking through 100 million unique monthly visitors mark is significant in the industry. Homes.com provides a strong alternative for lead generation without usurious commission splits.
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Andy Florance Honored with Gold Globee for CEO of the Year by Globee Business Awards

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CoStar Group CEO Andy Florance named CEO of the Year at the Globee Awards for Leadership. CoStar Group continues to experience growth in earnings and website traffic. Q2 2023 revenue increased 13% YoY and net new bookings reached $82 million. In August 2023, CoStar Group saw over 110 million monthly unique visitors across its online marketplaces and websites.
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Andy Florance Named 2023 Tech Titan By Washingtonian Magazine

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CoStar Group's CEO, Andy Florance, was honored as one of Washingtonian's 2023 Tech Titans for his contributions to the region's technology sector. The company has seen consistent revenue growth quarter-over-quarter in 2022 and 2023, with net new bookings reaching $82 million in Q2 2023. Traffic to all of CoStar Group's websites reached a new high of 105 million unique visitors in June 2023.
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CoStar Group’s Andy Florance Wins Gold Stevie® Award in 2023 International Business Awards®

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CoStar Group's Founder and CEO, Andy Florance, has won a Gold Stevie® Award in the Executive of the Year - Real Estate category and a Silver Stevie® Award in the Best Entrepreneur - Real Estate category in The 20th Annual International Business Awards®. Florance was recognized for his achievements in the global real estate sector and the continued growth of CoStar Group, a leading provider of online real estate marketplaces, information, analytics, and data-driven news. The company has over 5,600 employees in 15 countries and has been included in the S&P 500 and NASDAQ 100.
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CoStar Group Partners with Richmond Public Schools to Provide School Supplies for More than 35,000 Students

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CoStar Group (NASDAQ: CSGP) serves as lead sponsor of the Ultimate Backpack Supply Drive, donating 35,000 backpacks filled with school supplies to Richmond public schools. This demonstrates CoStar's commitment to the Richmond community and education, aligning with their ongoing support for educational initiatives and partnerships with VCU and Management Leadership for Tomorrow.
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CoStar Group Appoints Angelique Brunner to Board of Directors

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CoStar Group (NASDAQ: CSGP) announces the appointment of Angelique Brunner as an independent member of the board. With over 25 years of experience in finance, real estate, and venture capital, Ms. Brunner brings extensive industry expertise to the company. This appointment comes during a period of significant growth and expansion for CoStar Group, which has seen over 10 straight years of double-digit revenue growth and surpassed 100 million monthly unique visitors across its online marketplaces and websites.
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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.

Rhea-AI Summary
CoStar Group, Inc. announced Q2 2023 revenue of $606 million, a 13% increase YoY. Net income for the quarter was $101 million, up 20% from the previous year. Apartments.com revenue grew by 23% in Q2. Traffic to CoStar Group's websites reached 105 million unique visitors in June, a new high. The residential network saw 84 million average monthly unique visitors, with Homes.com network traffic growing by 130% YoY in June.
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Ten-X Announces Season 2 of “Battle of the Bids” Property Auction Competition with Enhanced Features and Larger Prizes

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Ten-X Launches Season 2 of 'Battle of the Bids' with Enhanced Features and Bigger Cash Prizes, Open to a Wider Audience
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Apartments.com Publishes Rent Growth Report for Second Quarter of 2023

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Apartments.com releases report on multifamily rent growth trends for Q2 2023, showing supply outpacing demand. 520,000 new units expected to be delivered this year.
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CoStar Group to Report Financial Results for Second Quarter on July 25, 2023

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FAQ

What is the current stock price of CoStar Group (CSGP)?

The current stock price of CoStar Group (CSGP) is $71.44 as of December 20, 2024.

What is the market cap of CoStar Group (CSGP)?

The market cap of CoStar Group (CSGP) is approximately 28.6B.

What is CoStar Group Inc.?

CoStar Group Inc. is a leading provider of commercial real estate information, analytics, and online marketplaces.

When was CoStar Group founded?

CoStar Group was founded in 1987.

What services does CoStar Group offer?

CoStar Group offers extensive real estate data, analytics, and online marketplaces through platforms like CoStar Suite, LoopNet, Apartments.com, and more.

How many registered members does LoopNet have?

LoopNet has over 9.8 million registered members.

Where is CoStar Group headquartered?

CoStar Group is headquartered in Washington, DC.

Which sectors does CoStar Suite cover?

CoStar Suite covers sectors such as office, retail, hotels, multifamily, healthcare, industrial, self-storage, and data centers.

What are some key online apartment resources managed by CoStar Group?

Key online apartment resources managed by CoStar Group include Apartments.com, ApartmentFinder.com, and ApartmentHomeLiving.com.

What percentage of CoStar Group's revenue is subscription-based?

Over 80% of CoStar Group's revenue is subscription-based.

In which countries has CoStar Group recently expanded?

CoStar Group has recently expanded its presence in Canada, the United Kingdom, Spain, and France.

How many unique monthly visitors do CoStar's websites attract?

CoStar's websites attract over 23.6 million unique monthly visitors as of June 2015.

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CoStar Group Inc

Nasdaq:CSGP

CSGP Rankings

#413 Ranked by Market Cap
N/A Ranked by Dividends

CSGP Stock Data

28.63B
405.29M
1.14%
101.64%
2.7%
Real Estate Services
Services-business Services, Nec
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United States of America
WASHINGTON