CoStar Group, Inc. (NASDAQ:CSGP ) Q1 2025 Earnings Conference Call April 29, 2025 5:00 PM ET Company Participants Richard Simonelli - Head of IR Andrew Florance - Founder & CEO Christian Lown - CFO Conference Call Participants Alexei Gogolev - JPMorgan Peter Christiansen - Citi George Tong - Goldman Sachs John Campbell - Stephens Ryan Tomasello - KBW Stephen Sheldon - William Blair Jeff Meuler - Baird Operator Good day and thank you for standing by. Welcome to the Q1 2025 CoStar Group Earnings Conference Call.
Although the revenue and EPS for CoStar (CSGP) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
CoStar Group (CSGP) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.10 per share a year ago.
CSGP's first-quarter 2025 top line is likely to have reflected a robust portfolio of marketplaces, which includes Apartments.com, LoopNet and Homes.com.
Third Point and D.E. Shaw are like-minded investors obtaining separate agreements with CoStar.
Australia's Domain Holdings said on Monday it has granted CoStar exclusive due diligence access for the U.S. property data group's revised buyout proposal which values the real estate classifieds firm at A$2.80 billion ($1.76 billion).
U.S. real-estate analytics provider CoStar raised its proposed offer for Domain, telling Australia's second-largest property advertiser that US$1.92 billion is its top price unless a rival suitor emerges.
CoStar (CSGP) reported earnings 30 days ago. What's next for the stock?
I maintain a buy rating for CoStar Group due to its promising growth outlook, driven by strong performance in Apartments.com and Homes.com. CSGP's latest earnings report showed 11% y/y revenue growth to $709 million, with adj EBITDA up 47% sequentially, demonstrating strong operating leverage. Apartments.com continues to dominate with 13.4% y/y revenue growth in 4Q24, benefiting from high multifamily vacancy rates and strong pricing power.
Australia's Domain Holdings said on Friday that U.S. online real estate firm CoStar had offered to buy the property classifieds firm in a deal valuing it at A$2.65 billion ($1.70 billion).
CSGP's fourth-quarter 2024 results reflect solid y/y top-line growth and expanding market reach, but rising expenses act as headwinds.
CoStar Group, Inc. (NASDAQ:CSGP ) Q4 2024 Earnings Conference Call February 18, 2025 5:00 PM ET Company Participants Richard Simonelli - Head of IR Andrew Florance - Founder & CEO Christian Lown - CFO Conference Call Participants John Campbell - Stephens Peter Christiansen - Citi Ryan Tomasello - KBW Alexei Gogolev - JPMorgan Stephen Sheldon - William Blair Jeff Meuler - Baird Operator Good day, and thank you for standing by. Welcome to the Q4 2024 CoStar Group Earnings Conference Call.