CoStar (CSGP) reported earnings 30 days ago. What's next for the stock?
Australia's Domain Holdings said on Friday U.S. online real estate firm CoStar would acquire the property classifieds company for an implied enterprise value of A$3 billion ($1.92 billion).
U.S. real-estate analytics provider CoStar agreed to buy Australia's Domain in a deal valuing the property advertiser at about US$1.92 billion.
CoStar Group's commercial business is reaccelerating, with 1Q25 revenue up 12% y/y, driven by strong performance across Online Marketplaces and core commercial segments. Homes.com engagement remains robust despite a decline in net new bookings, with significant increases in page views, time spent on site, and leads. The Domain acquisition enhances international growth prospects, aligning with CSGP's strategy to expand into lucrative markets like Australia, complementing their existing strengths.
CSGP's first-quarter 2025 results reflect solid top-line growth, led by robust performance in key segments.
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.