CoStar Group’s second-quarter profits slid 4.5 percent to $60 million as it incurred higher operating costs and slower sales during the pandemic. During the quarter, the data giant reported $35 million in net new sales, down from $59 million during the same period last year. But as sales picked up during reopening, CoStar said it notched a record $22 million net new sales in June. Despite the pandemic, CoStar said its quarterly revenue jumped 16
source https://therealdeal.com/2020/07/28/costars-revenue-rises-but-profits-drop/
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