Welcome to our dedicated page for Costar Group news (Ticker: CSGP), a resource for investors and traders seeking the latest updates and insights on Costar Group stock.
CoStar Group, Inc. (NASDAQ: CSGP) is widely described in its own communications as a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. The CoStar Group news stream features updates from the parent company and from key brands such as CoStar, LoopNet, Apartments.com, Homes.com, Domain, STR, Ten-X, OnTheMarket, Matterport, Visual Lease, and CoStar Real Estate Manager.
News items commonly include market research and forecasts covering office leasing activity, multifamily rent trends, national home price appreciation, commercial real estate yields, and retail market performance. For example, recent releases have discussed U.S. office leasing volumes, regional and metro-level rent growth patterns, and projections for yields across commercial property types. Homes.com and Apartments.com reports provide detailed views of residential and multifamily markets, while CoStar-branded releases address commercial sectors and capital markets.
Other announcements focus on corporate and financial developments at CoStar Group, such as long-term outlooks, capital allocation decisions, share repurchase authorizations, and governance or compensation program updates approved by the Board of Directors and its committees. Brand-level news from Visual Lease and CoStar Real Estate Manager highlights survey findings on lease portfolio management, finance and real estate priorities, and the use of data and technology in decision-making.
Investors, analysts, and real estate professionals who follow CSGP news can use this page to review company and brand press releases that illustrate how CoStar Group applies its data, analytics, marketplaces, and technology across commercial and residential real estate. The feed aggregates these updates so readers can monitor market commentary, platform developments, and corporate disclosures in one place.
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CoStar Group (NASDAQ: CSGP) announced Q3 2020 revenue of $426 million, up 21% from $353 million in Q3 2019. Net income decreased to $58 million or $1.48 per diluted share. Adjusted EBITDA rose 3% to $134 million. The company recorded $53 million in new sales bookings, with LoopNet achieving a 130% sales increase. Monthly unique visitors reached 69 million, a 33% year-over-year increase. Additionally, CoStar acquired Emporis, enhancing its international data offerings. The full-year revenue outlook is between $1.644 billion and $1.650 billion.
CoStar Group, Inc. (NASDAQ: CSGP) will report its financial results for the third quarter 2020 on October 27, 2020, after market close. A conference call is scheduled for the same day at 5:00 PM ET to discuss the results and outlook. Investors can register online for the call and listen via a live webcast. CoStar Group is a leading provider of commercial real estate information and analytics, boasting an extensive database. Their platforms attract approximately 62 million unique visitors monthly, showcasing their market prominence.