CoStar Group said 2024 revenues increased $281 million, or 11%, to $2.7 billion. The company cited increases in Multifamily revenues of $153 million, or 17%, CoStar revenues of $95 million, or 10%, and Residential revenues of $55 million, or 118%, as segment items.

1. 01

   CoStar Group said 2024 revenues increased $281 million, or 11%, to $2.7 billion. The company cited increases in Multifamily revenues of $153 million, or 17%, CoStar revenues of $95 million, or 10%, and Residential revenues of $55 million, or 118%, as segment items.

2. 02

   CoStar Group said selling and marketing expenses for 2024 increased $374 million, or 38%, to $1,364 million, and as a percentage of revenues rose from 40% to 50%. It cited increases in brand advertising marketing expenses of $304 million and personnel costs of $67 million as key items.

3. 03

   CoStar Group said North America EBITDA for 2024 decreased to $181.5 million from $403 million in 2023, and International EBITDA expanded to a loss of $58.5 million from a loss of $13 million in 2023. The company cited increases in marketing, personnel, professional services fees, and web hosting costs as factors in the North America decrease.

4. 04

   CoStar Group said cash flow from operating activities for 2024 was $392.6 million, a decrease of $96.9 million from $489.5 million in 2023. Cash used in investing activities was $912.9 million, and cash and cash equivalents at year-end was $4.7 billion, a decrease from $5.2 billion at the end of 2023.

Key figures

Fiscal year ended December 31, 2024

Revenue

$2.7B

Operating income

$5M

Net income

$139M

EPS

$0.34

Gross profit

$2.2B

Operating cash flow

$393M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.