CoStar Group (CSGP) Revenue — Quarter Ended Mar 31, 2024
CoStar Group's revenue increased in the first quarter compared to the prior quarter and the same quarter last year. The company's filing discusses liquidity and capital resources, including construction commitments for campus expansion.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
CoStar Group's revenue increased in the first quarter compared to the prior quarter and the same quarter last year. The company's filing discusses liquidity and capital resources, including construction commitments for campus expansion.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$656.4M
Revenue reported for this quarter.
Quarter-over-quarter
+2.5%
Change from the immediately preceding quarter.
Year-over-year
+12.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.5B
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, 2023 | $605.9M | +13.0% |
| Sep 30, 2023 | $624.7M | +12.2% |
| Dec 31, 2023 | $640.1M | +11.6% |
| Mar 31, 2024 | $656.4M | +12.3% |
Revenue performance
Revenue rose sequentially and year-over-year, continuing the upward trend observed over recent quarters.
Quarterly comparison
The current quarter's revenue was higher than the immediately preceding quarter and also exceeded the figure from the same period one year earlier.
What to watch
The filing highlights material cash requirements for the Richmond campus expansion, which could influence future financial flexibility.