CoStar Group, Inc. is a leading provider of online real estate marketplaces, information, and analytics in the U.S. and U.K. The company's core business model revolves around owning and operating online marketplaces for commercial and apartment listings, providing comprehensive data, analytics, and marketing services. CoStar's competitive advantages include its extensive proprietary database, a large research department, and a broad suite of web-based services. The company has a significant geographic presence in North America and Europe. Key markets include commercial real estate, apartment rentals, and residential for-sale properties. The competitive landscape includes various online marketing services, publishers, search engines, and real estate software providers.

• Employees: 6,152 (as of January 31, 2024)
• Geographic Footprint: Primarily North America and Europe, with operations in Asia-Pacific and Latin America
• Headquarters: Washington, DC
• Founded: 1987
• Number of locations/facilities: Multiple offices and data centers, including owned facilities in Washington, DC and Richmond, VA
• Revenue: $2.455 billion (FY2023)
• Market Capitalization: Approximately $36.0 billion (as of June 30, 2023, based on non-affiliate holdings)
• Key Subsidiaries/Brands: CoStar, LoopNet, Apartments.com, Homes.com, OnTheMarket, Ten-X, STR, Land.com, BizBuySell

• CEO: Andrew C. Florance
• CFO: Scott T. Wheeler
• Board Chair: Michael R. Klein

Andrew C. Florance has served as CEO since the company's founding. Scott T. Wheeler serves as the Chief Financial Officer. Michael R. Klein serves as the Chairman of the Board.

• Annual Revenue: $2.455 billion (FY2023)
• Net Income: $374.7 million (FY2023)
• Market Cap: $36.0 billion (as of June 30, 2023, based on non-affiliate holdings)
• Total Assets: $8.920 billion (as of December 31, 2023)
• Employees: 6,152 (as of January 31, 2024)
• Key Financial Highlights: Revenue increased by 12.5% year-over-year. Net income increased by 1.4% year-over-year.

CoStar Group offers a diverse range of products and services across commercial and residential real estate.

• CoStar: A subscription-based integrated platform for commercial real estate intelligence, including property data, analytics, and market information.
• LoopNet: An online marketplace for commercial real estate listings, enabling property owners and brokers to advertise properties for sale or lease.
• Apartments.com: A network of apartment marketing sites, providing advertising and lead generation services for property managers and owners.
• Homes.com: A homes for sale listings site that combines proprietary research with listing information for homebuyers and real estate agents.
• OnTheMarket: A property portal in the U.K. offering subscription-based advertising services to agents.
• Ten-X: An online auction platform for commercial real estate transactions.
• STR: A provider of benchmarking and analytics for the hospitality industry.
• Land.com: A network of marketplaces for rural lands for sale.
• BizBuySell: A network of marketplaces for operating businesses and franchises for sale.

The company operates in two main segments:

• North America: Includes operations in the U.S. and Canada. Revenue was $2.366 billion in FY2023.
• International: Primarily includes operations in Europe, Asia-Pacific and Latin America. Revenue was $89.3 million in FY2023.

CoStar's strategic priorities include expanding its coverage and depth of information, analytics, and online marketplace services. Key initiatives include:

• Developing and investing in residential marketplaces, particularly Homes.com and OnTheMarket.
• Enhancing existing services and introducing new services to meet customer needs.
• Integrating and cross-selling services across its various platforms.
• Expanding its sales force and marketing efforts.
• Investing in research operations to support its information and analytics offerings.
• Continuing to invest in technology and infrastructure.

The company also focuses on strategic acquisitions to expand its business and services.

CoStar operates in the highly competitive real estate information and online marketplace industry. Key market trends include:

• Increasing demand for online real estate information and analytics.
• Growth in online marketplaces for commercial and residential properties.
• Technological advancements in data collection, analysis, and online marketing.

Major competitors include:

• Online marketing services, such as Reed Business Information Limited, SquareFoot, and others.
• Publishers and distributors of information, such as CBRE Economic Advisors, Marshall & Swift, and others.
• Search engines and internet listing services, such as Google, Zillow, and others.
• Hospitality benchmarking and analytics services, such as Lodging Econometrics, Kalibri Labs, and others.

Market share information was not explicitly provided in the 10-K.

• Market Risks: Competition from existing and new players, economic downturns, and fluctuations in the real estate market.
• Operational Risks: Inability to attract and retain clients, develop new services, manage acquisitions, and maintain data accuracy.
• Financial Risks: Indebtedness, interest rate fluctuations, and foreign currency fluctuations.
• Regulatory Risks: Compliance with privacy laws, data protection laws, and MLS rules.
• Cybersecurity Risks: Vulnerabilities to cyberattacks and security breaches that could compromise data and disrupt operations.