CoStar’s bet on Apartments.com is paying off

CoStar Group Inc. took in a record $59 million in sales bookings companywide in the second quarter, marking a 32 percent increase year-over-year and fueling a 16 percent growth in revenue.

The bookings boost stemmed from a 122 percent surge in bookings on Apartments.com, the company’s rental listing platform, according to CoStar’s second-quarter earnings report, released Tuesday.