COSTAR GROUP INC
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 25, 2024
CSGP$31.24+2.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in millions, except per share data)
| Three Months Ended June 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $677.8 | $605.9 | $1,334.2 | $1,190.3 |
| Cost of revenues | 135.8 | 112.4 | 277.0 | 231.6 |
| Gross profit | 542.0 | 493.5 | 1,057.2 | 958.7 |
| Operating expenses: | ||||
| Selling and marketing (excluding customer base amortization) | 358.4 | 250.0 | 724.5 | 476.2 |
| Software development | 79.6 | 63.4 | 162.0 | 130.0 |
| General and administrative | 109.9 | 90.6 | 208.4 | 180.1 |
| Customer base amortization | 10.2 | 10.4 | 21.2 | 21.0 |
| 558.1 | 414.4 | 1,116.1 | 807.3 | |
| (Loss) income from operations | (16.1) | 79.1 | (58.9) | 151.4 |
| Interest income, net | 53.5 | 51.9 | 109.7 | 95.4 |
| Other (expense) income, net | (1.5) | 0.6 | (3.4) | 1.2 |
| Income before income taxes | 35.9 | 131.6 | 47.4 | 248.0 |
| Income tax expense | 16.7 | 31.1 | 21.5 | 60.3 |
| Net income | $19.2 | $100.5 | $25.9 | $187.7 |
| Net income per share - basic | $0.05 | $0.25 | $0.06 | $0.46 |
| Net income per share - diluted | $0.05 | $0.25 | $0.06 | $0.46 |
| Weighted-average outstanding shares - basic | 406.0 | 405.4 | 405.8 | 405.0 |
| Weighted-average outstanding shares - diluted | 407.4 | 406.7 | 407.3 | 406.5 |
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