CoStar Group (CSGP) Revenue — Quarter Ended Mar 31, 2023
Revenue increased in the quarter compared to the preceding period. The growth also exceeded the level from the same period a year ago.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased in the quarter compared to the preceding period. The growth also exceeded the level from the same period a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$584.4M
Revenue reported for this quarter.
Quarter-over-quarter
+1.9%
Change from the immediately preceding quarter.
Year-over-year
+13.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $536.3M | +11.7% |
| Sep 30, 2022 | $556.9M | +11.5% |
| Dec 31, 2022 | $573.3M | +13.1% |
| Mar 31, 2023 | $584.4M | +13.3% |
Revenue performance
The reported revenue reflects an upward direction. The sequential and year-over-year comparisons both show expansion.
Quarterly comparison
Revenue was higher than the immediately preceding quarter. It was also higher than the same quarter one year earlier.
What to watch
The company's planned campus expansion and associated tax incentives are contingent on meeting specified job creation and capital expenditure targets.