Latest news with #Matterport
Yahoo
23-05-2025
- Business
- Yahoo
Was Jim Cramer Right About CoStar Group, Inc. (CSGP)?
We recently published a list of . In this article, we are going to take a look at where CoStar Group, Inc. (NASDAQ:CSGP) stands against other stocks that Jim Cramer discusses. Back in 2024, on May 15, a caller asked whether to hold on to Matterport after suffering major losses. The stock was acquired in 2025 by CoStar Group, Inc. (NASDAQ:CSGP). At the time however, Cramer was direct and advised moving on, saying: 'Yeah, it's done. No — it got a bid. It's done. Just — let's leave it behind and start thinking going forward. We just think going forward, okay?' An elegant residential building set against the modern skyline. Advising to move on was the right move — Matterport's struggles continued, with CoStar down 12.64%. CoStar Group, Inc. (NASDAQ:CSGP) has become a dominant force in digital real estate data, capitalizing on industry consolidation and analytics demand. Overall, CSGP ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CSGP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CSGP and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
15-05-2025
- Business
- Yahoo
CoStar Group's Homes.com and Matterport Recognized in the T3 Sixty 2025 Tech 200
Annual list highlights the best technology products for brokerages, teams and agents, reflective of CoStar Group's significant impact on the real estate industry ARLINGTON, Va., May 15, 2025--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics and 3D digital twin technology in the property markets, today announced that T3 Sixty recognized Matterport, and VHT Studios by Matterport among its annual 2025 Tech 200 list. The Tech 200 list recognizes the industry's best-in-class technology products for brokerages, teams and agents, with this year's list highlighting 200 products across 130 companies that underscore critical trends in real estate, like the surge of artificial intelligence and market consolidation. is the second largest residential real estate marketplace in the country. Matterport, which CoStar Group acquired in February 2025, is the global leader in 3D digital twin technology. Together, and Matterport allow CoStar Group to continue transforming and digitizing the real estate industry through market-leading technology, property data innovation and artificial intelligence capabilities, creating an unparalleled solution for agents, buyers, sellers and renters. is the first major U.S. real estate portal to focus on helping homeowners and agents leverage the marketing power of the internet to bring more potential buyers to their listings. Within just one year of operation, the Network achieved 104 million average monthly unique visitors and grew unaided consumer awareness to 36% in the first quarter of 2025, up from just 4% before the February 2024 launch. On average, Member agents are winning 61% more listings than comparable non-Member agents, a result of having a real estate portal that works for home sellers, not against them. CoStar Group acquired Matterport to further invest in artificial intelligence, computer vision, and machine learning to improve property analytics, optimize operational efficiency, and broaden the use of digital twin technologies throughout the real estate industry. Spanning 177 countries and virtually every real estate sector, Matterport's 3D technology powers immersive experiences, including 3D tours now featured across CoStar Group's prominent businesses: CoStar, LoopNet, and "Our leading businesses at CoStar Group, including and Matterport, prioritize transparency, efficiency, technology and innovation," said Andy Florance, Founder and Chief Executive Officer at CoStar Group. "Through strategic investments in technology, research, artificial intelligence and analytics, we're delivering unparalleled products, insights and virtual experiences that empower both consumers and real estate professionals. We are at the forefront of technology-driven innovation across the real estate industry, a distinction we're proud to see reflected in our recognition on the Tech 200 List." About CoStar Group, Inc. CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world's real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group's major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; the leading platform for apartment rentals; and the fastest-growing residential real estate marketplace. CoStar Group's industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group's websites attracted over 130 million average monthly unique visitors in the first quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit View source version on Contacts News Media Contact Matthew BlocherCoStar Group(202) 346-6775mblocher@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
15-05-2025
- Business
- Business Wire
CoStar Group Founder and CEO Andy Florance Recognized on Commercial Observer's Power 100 List
ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics and 3D digital twin technology in the property markets, announced today that Andy Florance, Founder and Chief Executive Officer has been named to Commercial Observer's prestigious Power 100 list for the third consecutive year. Published annually, the Power 100 List recognizes the most influential people, businesses, and organizations shaping the future of commercial real estate. Mr. Florance's recognition on the list underscores the exceptional performance and growth CoStar Group continued to experience in 2024. The company reported $2.74 billion for the year, marking an 11% increase from the previous year's $2.46 billion. This momentum has continued with CoStar Group reporting $732 million in revenue for the first quarter of 2025, up 12% year-over-year and marking its 56th consecutive quarter of double-digit revenue growth. Under Mr. Florance's leadership, CoStar Group continues to demonstrate strong momentum across its industry-leading businesses, led by which has become the second largest and fastest-growing residential real estate marketplace in the country. Recent strategic acquisitions, including Visual Lease and 3D digital twin leader Matterport, have allowed CoStar Group to expand its global reach and technological edge. also delivered a standout quarter, generating $282 million in revenue, up 11% year-over-year, and adding 4,300 new properties, the highest in nearly a decade. 'It is an incredible honor to be recognized alongside some of the most impactful leaders in the commercial real estate sector,' said Andy Florance, Founder and Chief Executive Officer of CoStar Group. 'As a leading provider of commercial and residential real estate data and analytics, we remain committed to offering advanced, innovative platforms that empower the industry to achieve new levels of growth and success. This recognition wouldn't be possible without the dedication of our global workforce and I'm excited to see what we will accomplish together this year.' About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world's real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group's major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; the leading platform for apartment rentals; and the fastest-growing residential real estate marketplace. CoStar Group's industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group's websites attracted over 130 million average monthly unique visitors in the first quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit
Yahoo
02-05-2025
- Business
- Yahoo
Why CoStar Group, Inc. (CSGP) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where CoStar Group, Inc. (NASDAQ:CSGP) stands against other worst-performing stocks on Wednesday. A lackluster trading persisted on the stock market anew on Wednesday, with the three major indices finishing mixed, as investors digested news of the US economy's contraction in the first quarter of the year, triggering fears of recession. Among all major indices, only the Dow Jones and S&P 500 ended in the green, up 0.35 percent and 0.15 percent, respectively. In contrast, the tech-heavy Nasdaq dipped by 0.09 percent. Ten companies also mirrored the wider market downturn, predominantly due to dismal earnings performance and tempered growth outlook for the remainder of the year. In this article, we have named 10 of the worst-performing stocks on Wednesday and detailed the reasons behind their drop. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. An elegant residential building set against the modern skyline. CoStar Group saw its share prices fall by 10.31 percent on Wednesday to finish at $74.17 apiece as investor sentiment was weighed down by a dismal earnings performance in the first quarter of the year. In its latest earnings release, CoStar Group, Inc. (NASDAQ:CSGP) said it swung to a net loss of $14.8 million from a $6.7 million net income in the same period a year earlier, despite revenues jumping by 11 percent to $732.2 million from $656.4 million year-on-year. The company said its net loss included a $31-million negative impact associated with its acquisition of Matterport. Looking ahead, CoStar Group, Inc. (NASDAQ:CSGP) said it expects revenues to settle between $3.115 billion and $3.155 billion for the full year 2025, representing revenue growth of approximately 15 percent year-on-year at the midpoint of the range. The company also expects the second quarter to grow by 14 percent to a range of $770 million to $775 million. Overall, CSGP ranks 3rd on our list of worst-performing stocks on Wednesday. While we acknowledge the potential of CSGP as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CSGP but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-04-2025
- Business
- Yahoo
CoStar Group Inc (CSGP) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Revenue: $732 million in Q1 2025, a 12% increase year over year. Adjusted EBITDA: $66 million, a 429% increase over Q1 2024. Profit Margin: 43% for commercial real estate and information marketplace businesses. Net New Bookings: $56 million in Q1 2025, up 6% sequentially from Q4 2024. International Business ARR: Over $5 million in Q1 2025, representing 56% year over year growth. CoStar Revenue: $265 million in Q1 2025, up 6% year over year. LoopNet Net New Bookings: 200% year over year increase. BizBuySell Revenue: $8.7 million in Q1 2025, a 10% increase year over year. Revenue: $282 million, an 11% increase over Q1 2024. Unaided Awareness: Increased 9 times to 36% in 14 months. Net Loss: $15 million due to onetime costs from Matterport acquisition. Cash and Investment Income: $38.5 million net investment income on $3.8 billion in cash. Contract Renewal Rate: 89% in Q1 2025, 94% for subscribers of five years or longer. Share Repurchase: 240,000 shares for $18.5 million in Q1 2025. Full Year 2025 Revenue Guidance: $3.115 billion to $3.155 billion, 14% to 15% growth. Full Year 2025 Adjusted EBITDA Guidance: $355 million to $385 million, approximately 12% margin. Warning! GuruFocus has detected 3 Warning Sign with CSGP. Release Date: April 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CoStar Group Inc (NASDAQ:CSGP) reported Q1 2025 revenue of $732 million, marking a 12% increase year over year and exceeding consensus expectations. The company achieved a 43% profit margin in its commercial real estate and information marketplace businesses, showcasing strong operational efficiency. CoStar's international businesses achieved three consecutive quarters of all-time net new bookings, with a 56% year over year growth in Q1 2025. reported a strong quarter with revenue of $282 million, an 11% increase over Q1 2024, and added 4,300 new communities, the most in a single quarter in almost 10 years. has rapidly increased its unaided brand awareness 9 times to 36% in just 14 months, becoming the second most visited US residential portal. The commercial real estate environment remains challenging, with high vacancy rates and low real asking rents impacting market conditions. CoStar Group Inc (NASDAQ:CSGP) posted a $15 million net loss for the first quarter, primarily due to onetime costs from the Matterport acquisition. The company anticipates slight headwinds from government contract cancellations expected throughout 2025. Matterport contributed an adjusted EBITDA loss of $2.7 million for the first quarter stub period. experienced early cancellations and negative Net Promoter Scores initially, although these metrics have improved over time. Q: Andy, could you provide additional comments on the delayed market listing exemption discussed by the NAR and Zillow's reaction? Have you spoken to brokerage firms about their views on Zillow's actions? A: The feedback I've received is overwhelmingly negative. Many agents see Zillow's requirement for early listing as a way to ensure monetization before listings go to market. This move is perceived as a sign of weakness and has created opportunities for us. Q: Chris, can you share the non-residential EBITDA margin for Q1 and confirm if the outlook for residential spending in 2025 remains unchanged? A: The commercial margin was 43% for the first quarter. We are focused on managing expenses, particularly around and remain on track with our budget for with no changes to our spending outlook. Q: Can you elaborate on how Matterport will be integrated into CoStar's platform over the next 12 to 18 months and the monetization strategy? A: Matterport will be integrated into all our platforms, enhancing features and user engagement. We plan to invest in R&D and sales to grow revenue and margins. Matterport's technology will lower cancellations and increase site usage, providing financial tailwinds. Q: You mentioned $50 million in residential savings this quarter. How does this affect your investment plans for the year, especially with the capital allocation committee's work? A: The $900 million investment plan remains unchanged. The savings were a proactive decision to reallocate costs from to expand our sales force, aligning with our growth strategy. Q: Regarding multifamily, what is driving the growth deceleration in Q2 to 10%, and how confident are you in the acceleration in the second half of the year? A: The second quarter is typically slower due to the timing of industry conferences. We expect acceleration in the third and fourth quarters, driven by our expanded sales force and strategic focus on rooftops and pricing. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
