Is Co-Star profitable? (2024)

Is Co-Star profitable?

In addition to continuing its revenue streak, CoStar's profits continued their upward march — increasing 25 percent year over year to $91 million.

Does CoStar make money?

CoStar Group has one revenue stream: revenues it generates from the subscription fees it charges customers to access its research database/marketplace.

What is the annual revenue of the CoStar?

CoStar revenue for the twelve months ending September 30, 2023 was $2.388B, a 12.88% increase year-over-year. CoStar annual revenue for 2022 was $2.182B, a 12.26% increase from 2021. CoStar annual revenue for 2021 was $1.944B, a 17.19% increase from 2020.

Is CoStar a good investment?

The company's 3-Year Revenue Growth Rate is 12.8%, which outperforms better than 69.9% of 1671 companies in the Real Estate industry. Moreover, CoStar Group Inc has seen a robust increase in its earnings before interest, taxes, depreciation, and amortization (EBITDA) over the past few years.

What is the turnover of CoStar Group?

According to CoStar Group's latest financial reports the company's current revenue (TTM) is $2.38 B. In 2022 the company made a revenue of $2.18 B an increase over the years 2021 revenue that were of $1.94 B.

Is CoStar owned by NASA?

TEAM CoSTAR [Collaborative SubTerranean Autonomous Resilient Robots] is a collaboration between NASA's JPL, MIT, Caltech, KAIST, LTU, and several industry partners (see below).

What is the net worth of CoStar?

CoStar Group has a market cap or net worth of $33.70 billion as of January 8, 2024. Its market cap has increased by 8.95% in one year.

How much did CoStar buy LoopNet for?

CoStar, an online commercial real estate information service, this week entered an agreement to acquire online commercial listings site LoopNet, Inc. The transaction is valued at about $860 million.

Who are the top shareholders of CoStar Group?

Top Institutional Holders
HolderSharesDate Reported
Vanguard Group Inc64,972,275Jun 29, 2023
Blackrock Inc.32,124,231Jun 29, 2023
BAMCO Inc.19,105,103Jun 29, 2023
Principal Financial Group, Inc.19,046,923Jun 29, 2023
6 more rows

Did CoStar buy LoopNet?

In April 2012, CoStar Group acquired the online marketing site LoopNet for $860 million. With the acquisition, CoStar Group also acquired Loopnet properties BizBuySell and LandsofAmerica.com.

Why is CoStar stock dropping?

Shares detracted from performance after the company's financial results were negatively impacted by lower non-subscription revenues, which resulted from a significant drop in commercial real estate sales volumes.

Is CoStar a buy or sell stock?

Compared to the opening price on Tuesday 01/02/2024 on BTT of $86.95, this is a drop of 1.76%. CoStar Group Inc.'s market capitalization is $35.45 B by 408.36 M shares outstanding. Is CoStar Group stock a Buy, Sell or Hold? CoStar Group stock has received a consensus rating of buy.

Who is CoStar Group competitors?

CoStar Group competitors include RealtyMogul, Reis, Apto, Hightower and BoomTown.

How much does a CFO make at CoStar?

As Chief Financial Officer at COSTAR GROUP INC, Scott T. Wheeler made $7,340,056 in total compensation. Of this total $535,892 was received as a salary, $919,020 was received as a bonus, $672,147 was received in stock options, $5,197,575 was awarded as stock and $15,422 came from other types of compensation.

How does CoStar Group make money?

CoStar Group Inc. (CSGP) operates as a commercial real estate information and marketing provider. The company generates revenue through its suite of subscription-based products and services.

How many people work at CoStar?

Fast Facts Updated 08/22/23
number of employees5,653
industryReal Estate
ceoAndrew C. Florance
annual revenue$2.18B
market cap$32.06B
3 more rows

Who is the owner of CoStar?

Banu Guler is the founder and CEO of Co-Star Astrology, the hyper-personalized, social astrology experience.

What is CoStar known for?

CoStar is the largest source of verified commercial real estate information, analytics & data-driven news worldwide. CoStar is the largest source of verified commercial real estate information, analytics & data-driven news worldwide.

Where is CoStar headquarters?

Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia.

Who did CoStar buy?

("CoStar", NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announces the completion of its acquisition of OnTheMarket plc ("OTM"), one of the UK's three most visited residential property portals.

What is the difference between CoStar and LoopNet?

CoStar Group is a provider of commercial real estate information. Its database included a large collection of photographs of commercial properties. LoopNet was an ISP whose website allowed subscribers to post listings of commercial real estate on the Internet.

What is the star rating on CoStar?

The CoStar Building Rating SystemSM is a national rating for commercial buildings on a universally recognized 5 Star scale. Historically the industry has lacked a centralized system for evaluating buildings using specific standards developed for each property type.

Does CoStar own Homesnap?

Homesnap was acquired by CoStar Group in 2020 for $250M, with Homes.com acquired in 2021 for a smaller amount ($156M) but becoming CoStar's number one consumer brand. CoStar relaunched Homes.com in November 2022 after combining and streamlining the operations of both acquired portals.

Is CoStar suing CREXi?

CoStar sued Crexi for copyright infringement at the California court in 2020. Then, in November 2022, it filed a claim at the Delhi court that accused 247 WebSupport of contributory copyright infringement.

How many locations does CoStar have?

Our Locations

We have more than 75 offices in 15 countries. To navigate the map with touch gestures double-tap and hold your finger on the map, then drag the map. To navigate, press the arrow keys.

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