CoStar Group ( (CSGP) ) has provided an update.
CoStar Group reported a robust financial performance for the third quarter of 2024, with revenue rising 11% year-over-year to $693 million. Net income surged by 176% from the previous quarter, while EBITDA and adjusted EBITDA saw significant increases of 320% and 86%, respectively. CoStar’s online real estate platforms, including Apartments.com and CoStar, continue to drive growth, alongside a notable increase in unique visitors to their sites. The company remains optimistic about sustained growth as market conditions improve.
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