CoStar Group, Inc. (CSGP) Surge 14% on Strong Q2, Raised Outlook

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Go back to CoStar Group, Inc. (CSGP) Surge 14% on Strong Q2, Raised Outlook

CoStar Group Grows Year-Over-Year Revenue 36% and EBITDA 49%

July 23, 2014 8:50 PM EDT

WASHINGTON, July 23, 2014 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that revenue for the second quarter of 2014 was $147.7 million, an increase of approximately 36% over revenue of $109.0 million for the second quarter of 2013.

EBITDA in the second quarter of 2014 increased to $37.6 million compared to $25.3 million in the second quarter of 2013, which represents an increase of $12.3 million or 49% year-over-year. Adjusted EBITDA (defined below) was $45.3 million in the second quarter of 2014 versus $32.6 million in the second quarter of 2013, which is an increase of 39%... More