Photo: Roger Starnes Sr / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. The company behind Homes.com is making more money than ever. It just can't keep enough salespeople. CoStar Group reported record third-quarter revenue of $952 million on Tuesday, up 14% from a year earlier and above the roughly $945 million analysts expected, according to RealEstateNews.com. Net income came in at $74 million, compared with a $31 million loss a year earlier. Adjusted EBITDA…
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CoStar Just Booked a Record $952 Million Quarter. Its Own Sales Force Is the Weak Spot.
CoStar posted record quarterly revenue of $952 million, while sales staff turnover and spending on Homes.com and acquisitions raised questions for brokers.
