The company said revenue for the year ended December 31, 2023 was $2.46 billion, up 13% from $2.18 billion for full-year 2022. Net income was $375 million, compared with $369 million in 2022.

1. 01

   The company said revenue for the year ended December 31, 2023 was $2.46 billion, up 13% from $2.18 billion for full-year 2022. Net income was $375 million, compared with $369 million in 2022.

2. 02

   CoStar said revenue at Apartments.com rose 23% year over year in 2023, net new bookings grew 34%, and annualized run rate revenue exceeded $1 billion in January 2024. It said Homes.com began selling subscriptions on February 12, 2024 and sold about $4.5 million in net new bookings in its first week.

3. 03

   The company set its full-year 2024 revenue outlook at $2.75 billion to $2.77 billion and its full-year adjusted EBITDA outlook at $170 million to $190 million. It expects Q1 revenue of $645 million to $650 million and adjusted EBITDA of negative $10 million.

4. 04

   CoStar Group disclosed that Scott Wheeler notified the company on February 20, 2024 of his intention to retire as Chief Financial Officer. Wheeler has served in the role since 2016, and the company plans to start a search for a successor. He will continue as CFO through June 15, 2024 to help with the transition.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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

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