CoStar Group reported strong financial performance for 2024, with total revenue increasing 11% year over year to $2.74 billion. Fourth-quarter revenue rose 11% to $709 million. Net income for the year was $139 million, while Q4 net income reached $60 million. Adjusted EBITDA grew 47% from the previous quarter, reflecting continued profitability.

Apartments.com generated $1.07 billion in revenue, growing 17% year over year, while CoStar's flagship commercial real estate platform achieved $1.02 billion in revenue, up 10%. The company’s commercial information and marketplace brands maintained a 43% profit margin. The total number of monthly unique visitors across CoStar’s platforms increased 17% year over year to 134 million in Q4.

Homes.com emerged as the second-largest residential real estate marketplace in the U.S., reaching an average of 110 million monthly unique visitors in Q4—nearly double Realtor.com’s 62 million. The platform has helped real estate agents gain greater listing exposure and increase sales efficiency.

The Board of Directors approved a $500 million stock repurchase program, which has no time limit and can be discontinued at the company’s discretion. CEO Andy Florance emphasized CoStar’s long-standing double-digit revenue growth, strong profitability, and the success of Homes.com in reshaping the residential real estate market.