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CoStar Group CSGP reported non-GAAP earnings of 14 cents per share in the first quarter of 2025, which surpassed the Zacks Consensus Estimate by 27.27%. The company registered earnings of 10 cents per share in the year-ago quarter, increasing 40% year over year.
Revenues of $732.2 million beat the Zacks Consensus Estimate by 1.78% and increased 11.5% year over year. This represents the company’s 56th consecutive quarter of double-digit revenue growth. The upside was driven by robust performance in key segments and Matterport Acquisition. In the first quarter of 2025, Matterport acquisition contributed $15.9 million in revenues in the reported quarter.,
CSGP raised its top-line guidance for the second quarter of 2025 based on the first quarter of 2025 results, which bodes well for investors. The company’s shares have also gained 15.5% against the Zacks Computer and Technology sector’s decline of 11.2% in the year-to-date period.
CSGP's earnings beat the Zacks Consensus Estimate in the trailing four quarters, the earnings surprise being 37.41%, on average. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
CoStar Group, Inc. Price, Consensus and EPS Surprise
CoStar Group, Inc. price-consensus-eps-surprise-chart | CoStar Group, Inc. Quote
CSGP’s Top-Line Details
CoStar’s revenues (36.2% of revenues) of $265.1 million beat the consensus estimate by 0.11% and increased 5.9% year over year.
Apartments.com’s revenues increased 11% year over year to $282 million. The Apartments.com network had 38 million average monthly unique visitors in the first quarter of 2025. Net new bookings in the first quarter amounted to $56 million, up 6% sequentially and 29% year over year.
Information Services’ revenues (5.4% of revenues) of $39.8 million beat the consensus mark by 9.64% and increased 20.6% year over year.
Multifamily revenues (38.6% of revenues) of $282.5 million missed the consensus estimate by 0.34% but increased 10.9% year over year.
LoopNet’s revenues (9.9% of revenues) of $72.8 million missed the consensus mark by 0.78% and increased 5.4% year over year.
First-quarter residential revenues (3.7% of revenues) were $27.2 million, which missed the consensus mark by 5.23% and increased 46.2% year over year. In the first quarter of 2025, Homes.com network traffic hit a record of 104 million unique visitors.
Other marketplace revenues (6.1% of revenues) of $44.8 million beat the consensus mark by 51.61% and increased 46.4% year over year.
Per Google Analytics, CoStar’s global websites reached a record 130 million average monthly unique visitors, a 28% increase year over year.