CoStar Group announced full-year 2024 revenue of $2.74 billion, an 11% increase over 2023, with fourth-quarter 2024 revenue reaching $709 million, also up 11% year-over-year. The company achieved its 55th consecutive quarter of double-digit revenue growth, exceeding the top-end of its revenue and Adjusted EBITDA guidance.
Apartments.com generated $1.07 billion in revenue, growing 17% in 2024, while CoStar, the flagship offering, reached $1.02 billion in revenue, growing 10% year-over-year. The company's commercial information and marketplace brands delivered exceptional results with 43% profit margins for 2024.
The Homes.com Network has become the second largest residential real estate marketplace in the U.S. in less than one year, attracting 110 million average monthly unique visitors in Q4 2024. The company's Board of Directors also approved a stock repurchase program authorizing up to $500 million of common stock, signaling confidence in future value.
For the full year 2025, CoStar Group expects revenue in the range of $2.985 billion to $3.015 billion, representing approximately 10% year-over-year growth at the midpoint. Adjusted EBITDA for 2025 is projected to be between $375 million and $405 million, with a 13% margin at the midpoint.
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