WASHINGTON (dpa-AFX) - While reporting its results for the fourth quarter, CoStar Group, Inc. (CSGP) on Tuesday issued an outlook for the full year 2025 and approved a stock repurchase program of upto $500 million.
The company expects revenue in the range of $2.985 billion to $3.015 billion for the full year of 2025, representing year-over-year growth of approximately 10% at the midpoint of the range.
The company expects revenue for the first quarter of 2025 in the range of $711 million to $716 million, representing revenue growth of approximately 9% year-over-year at the midpoint of the range.
'We expect adjusted EBITDA for the full year of 2025 in the range of $375 to $405 million, a margin of 13% at the midpoint of the range. For the first quarter of 2025, we expect adjusted EBITDA in the range of $25 million to $35 million,' said Chris Lown, CFO of CoStar Group.
In February 2025, the Board of Directors of CoStar Group approved a stock repurchase program which authorizes, but does not obligate, the repurchase of up to $500 million of the company's common stock.
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