CoStar Q2 Results Make a Mockery of the Pandemic

July 28, 2020
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CoStar yesterday announced its Q2 results in a conference call with shareholders who must have very pleased with what they heard. The US commercial real estate data and listings company revealed that its quarterly profits were $60.4 million with revenue of $397 million and that adjusted earnings were $2.34 per share beating Wall St predictions.

CoStar specializes in providing data on commercial real estate to its clients and recently expanded its offering by agreeing to buy the commercial real estate portal Ten-X as well as digital marketing company RentPath. While Q2 has seen some friction between CoStar and its customers as it initially denied requests for discounts at the outset of the pandemic and was then accused of competing with brokerages, the Washington based firm has had a very solid quarter which has seen its share price rebound from March lows in a few short months.

July 28, 2020
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

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