The Virginia-based commercial and residential real estate behemoth released its first-quarter earnings on Tuesday, which revealed the company grew its revenue 12 percent year over year to $656 million. The company remained profitable, although its net income dropped 91 percent from $87 million in Q1 2023 to $7 million.
Source: Inman News
CoStar Group tallies Q1 revenue growth on success of Homes.com
Published in Andy Florance, costar, costar group, earnings q1 2024, homes.com, Industry News, portal traffic, portal wars, real estate portals, realtor.com, Redfin, Select, Technology and Zillow
More from Andy FloranceMore posts in Andy Florance »
- Realtor.com CEO talks ‘serious competitors,’ says ‘quality is really what we’re interested in’
- Will Anywhere merger launch M&A arms race? It’s not yet clear: Intel
- Recession? Membership? Blessings? Inman Top 5
- Zillow says CoStar uses litigation ‘playbook’ to ‘attack’ competitors
- Redfin vs. Compass vs. Zillow: Inman’s Top 5 stories of the week
More from costarMore posts in costar »
- Dispatches from NAR NXT as real estate grapples with AI
- Realtor.com CEO talks ‘serious competitors,’ says ‘quality is really what we’re interested in’
- Will Anywhere merger launch M&A arms race? It’s not yet clear: Intel
- Zillow defends private listing rule, criticizes Compass in new filing
- Realtor.com puts ‘spotlight’ on listing agents with new feature
More from costar groupMore posts in costar group »
- Realtor.com puts ‘spotlight’ on listing agents with new feature
- Zillow hit with new class-action suit over alleged broker kickbacks
- Recession? Membership? Blessings? Inman Top 5
- Zillow says CoStar uses litigation ‘playbook’ to ‘attack’ competitors
- Redfin vs. Compass vs. Zillow: Inman’s Top 5 stories of the week
More from earnings q1 2024More posts in earnings q1 2024 »
More from homes.comMore posts in homes.com »
- Dispatches from NAR NXT as real estate grapples with AI
- Realtor.com CEO talks ‘serious competitors,’ says ‘quality is really what we’re interested in’
- Realtors reject proposal to require disclosure of more referral fees
- Will Anywhere merger launch M&A arms race? It’s not yet clear: Intel
- Zillow defends private listing rule, criticizes Compass in new filing
More from Industry NewsMore posts in Industry News »
More from portal trafficMore posts in portal traffic »
- Realtor.com CEO Damian Eales sees a silver lining in portal wars
- CoStar Group revenue rises in Q2 as Homes.com bookings hit $55M
- CoStar censured for claims made about traffic in Homes.com ads
- ‘It’s an arms race’: How portals are adapting to the commission crunch
- Suddenly, it appears that portal traffic is a non-zero-sum game
More from portal warsMore posts in portal wars »
- Zillow’s SkyTour uses complex 3D tech to simplify home search
- Jason Oppenheim: Private listings could take real estate ‘back to the Dark Ages’
- Realtor.com’s FlyAround offers a bird’s-eye view of the market
- CoStar CEO Andy Florance says in earnings call Zillow is ‘under siege’
- Realtor.com parent goes after its own virtual tour target amid battle with CoStar
More from real estate portalsMore posts in real estate portals »
- Zillow reverses course and removes climate data from listings
- Realtor.com CEO talks ‘serious competitors,’ says ‘quality is really what we’re interested in’
- Redfin site fluke exposed past users’ data on listing contact forms
- Realtor.com is gaining on competing portals despite decline in users, owners say
- Real estate portals feel the heat during a rough week: The Download
More from realtor.comMore posts in realtor.com »
- Zillow reverses course and removes climate data from listings
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- After failed NAR vote, brokerages beef up referral disclosures
- What it takes to build a $100M real estate brand with heart
- Zillow’s SkyTour uses complex 3D tech to simplify home search
More from RedfinMore posts in Redfin »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Bayview merger positions Guild Mortgage for refinancing boom
- Zillow reverses course and removes climate data from listings
- Delistings and discounts jump as holiday season approaches
- The IDX lie agents still believe: 5 common misconceptions about real estate websites
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from TechnologyMore posts in Technology »
- Future-proof your digital footprint for 2026 (and beyond)
- Zillow’s SkyTour uses complex 3D tech to simplify home search
- In crowded virtual staging category, Collov AI offers ease, affordability: Tech Review
- The IDX lie agents still believe: 5 common misconceptions about real estate websites
- DR Horton gets into AI mortgage tech with Tidalwave stake
More from ZillowMore posts in Zillow »
- Real CEO talks growth in hard times — and how everyone loses in real estate ‘wars’
- Zillow reverses course and removes climate data from listings
- After failed NAR vote, brokerages beef up referral disclosures
- Zillow’s SkyTour uses complex 3D tech to simplify home search
- Delistings and discounts jump as holiday season approaches
Be First to Comment