CoStar sees net income jump 32% in year marked by acquisitions

CoStar Group reported $315 million in net income in 2019, following a year of acquisitions and the conclusion of a protracted legal fight. The real estate data firm said Tuesday that it generated $1.4 billion revenue in 2019, up from $1.2 billion in 2018. Its income was up 32 percent from the previous year, while its cash and cash equivalents dipped slightly from $1.1 billion to $1.07 billion. CoStar’s revenue for the fourth quarter was $375 million, up 19 percent year over year. Net income for the quarter saw a 5 percent bump year over year, to $88 million.