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ARLINGTON, Va. - CoStar Group (NASDAQ:CSGP) reported a surprise loss in the first quarter of 2025 as revenue fell short of analyst expectations. The real estate information and analytics provider also issued guidance below consensus for the current quarter and full year.
CSGP shares were trading flat in after-hours Tuesday.
CoStar posted a net loss of $14.8 million, or $0.04 per share, in Q1 compared to net income of $6.7 million, or $0.02 per share, in the same period last year. Analysts had forecast earnings of $0.12 per share.
Revenue rose 12% YoY to $732.2 million but missed the consensus estimate of $715.84 million.
"CoStar Group delivered another strong quarter of results achieving 12% year-over-year revenue growth in Q1 2025, our 56th quarter of double-digit revenue growth," said CEO Andy Florance.
The company saw strong net new bookings growth in its CoStar and LoopNet (NASDAQ:LOOP) businesses. CoStar’s net new bookings rose 68% YoY while LoopNet’s increased 200% YoY.
For Q2, CoStar expects revenue of $770-775 million, below the $785 million analyst consensus. Full-year 2025 revenue guidance of $3.115-3.155 billion also fell short of the $3.149 billion consensus.
The company completed its acquisition of 3D digital twin technology provider Matterport (NASDAQ:MTTR) in February. CoStar plans to deploy Matterport’s technology across its platforms to expand its real estate data capabilities.
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