CoStar Group ( (CSGP) ) has released its Q1 earnings. Here is a breakdown of the information CoStar Group presented to its investors.
CoStar Group is a prominent provider of online real estate marketplaces, information, analytics, and 3D digital twin technology, serving the property markets globally. In the first quarter of 2025, CoStar Group reported a 12% increase in revenue year-over-year, reaching $732 million, despite a net loss of $15 million due to the Matterport acquisition. The company’s adjusted EBITDA saw a significant rise of 429% compared to the previous year. Key highlights include strong growth in net new bookings for CoStar and LoopNet, with LoopNet experiencing a 200% increase year-over-year. Apartments.com added the most properties in a quarter since 2016, and Homes.com expanded its sales force significantly. CoStar Group’s strategic acquisition of Matterport aims to enhance its data offerings across various real estate sectors. Looking ahead, CoStar Group anticipates continued revenue growth, projecting a 15% increase for the full year 2025, with expectations of further expansion in its adjusted EBITDA margins.