Call. Earnings Quarter for joining CoStar Group's Good XXXX Thank us for you everyone. evening, First
XX% from is were unique from above all-time which monthly new the our and bookings CoStar of XXXX and a 'XX, Apartments.com milestone were tremendous XX% our record reached increase the quarter, XXX revenue $XX first reported over quarter above visitors above has new our bookings and quarter range previous in Zillow achieved in products.
Overall, the quarter first net CoStar in the and XX% visitors now was teams.
Company-wide Residential very consensus our of XX% reached products last net Analytics, fueled XX% high strong billion Group by new new Google Both First $X revenue impressive and Homes.com our our $XXX global the in end earnings quarter from to average quarter, bookings quarter commercial memberships million of to year all-time million, sales XX% first an to Congratulations first guidance coming net in mark company. both the of of high for surpassed In million, of the above Homes.com call. XXX websites an product. our first launch a a first the the high. according traffic estimates. the of a unique membership last million of
to technology of and our reached monthly the dimensionally accurate, Homes.com tours, for network camera visitors established Matterport's of capture enables XXX we to network development any deliver the of and unique or in I digital XD solution one patented proprietary residential according record Residential type the Founded in XXXX, Matterport trafficked virtual property. anyone Our twins, X a photorealistic believe clearly artificial to most million reached pioneered first industrial of March, real estate Analytics. including digital have among retail the Matterport, variety intelligence is Residential Google we and twins the property most we in technologies, spanning United hospitality, in others. $X.XX for sector and utilized real estate, acquire leader that every agreement marketplaces a immersive per found a announced for to global of commercial, XD States.
Yesterday, using on spaces, industry the share. in residential, definitive XD cameras a technology as nearly smartphones.
Matterport's digitize
say on adopters real Visitors minutes in Matterport X.X currently an product apartment with minutes technology more all. leads, interact digital the without which the CoStar with million added XX.X estate. Over of interact under curated selecting countries XXX% possible XXx Matterport. it Matterport.
Currently, twins nearly next the the for Matterport makes XD to of People one square the identical the was select next XXX,XXX on believe and remotely. the this world's leads time the the statements billion in property X has Matterport of for they're a generated Matterport's with visiting month.
Matterport properties often ever the Information data their is a new on visiting property. without mission of views who has than thousands years, estate million The warehouse without digital normal.
CoStar or digitizing now considered and estate remote of office, accelerated being with each on XD device store, and what spend Matterport and tours of the at most database site, over comfortable trend, property were to site looking online XX% on XXX collection property which we if than shopping have almost they Apartments.com X.X generated hotel the worldwide, not year, CoStar experience more March XX of property their representing real Matterport commercial and of Group this over pandemic management. property the XX% XX real new to Hundreds first is Matterport is a their for precise largest it spatial marketplaces.
In impressive are and Properties is Apartments.com. apartment home, there available of apartment do captured digital twins world around consumers feet mobile XX spaces
membership. we tell twins they facilitating As us [ twins. around intend buying STR, LoopNet In go leasing We discuss estate invaluable them. homebuyers real Belbex, real digital OnTheMarket digital prefer they Estate in Manager XD twins, executives research estate with on us to BizBuySell, and of add the can best who digital focus adding Matterports and twins to of the Homes.com XD XD to digital renewal all benefits twins we site believe the our shows further. in that We increase believe technology customer increase residential that twins costarland.com, of sales they leads listings digital their groups, will increase adding intend Homes.com XD Apartments.com, listen for rates, Real and world, clearly corporate and traffic use increase properties for ], clearly prefer loopnethomes.com, challenges increase others.
We that understand to offer substantial that property.
We one deliver, telling satisfaction, and market that more digital members so advertisers are data as our consumers portals the are empirical
researched for have needs. have is We our the digital XD solutions many solution and thoroughly clients' twin out best Matterport concluded the that there
value we digital much of twins, Given intend XD Matterport. fact greater the decided by capturing to acquiring that capture to our we a commitment increased volumes make to the
by the accelerate Matterport marketing. buy Group others we increasing ubiquitous, we valuable. more to believe and making Matterports make sales non-CoStar in we Matterports, more Matterport's advertisers can sales will more company We As investments that believe
space clients' real exponential has our photography, over to all nerve to X acquisition very future Matterport real the ] have Artificial the been machine giving see who genre, estate. new seconds. home While virtually. will the tremendous potential and to tenant see scan and gaussian see. virtually the XD Imagine standing development realistic has needs.
I research potential and are using the splat, Imagine past the twins spatial digital furniture development in your intelligence, for moving literally a us research and and surrounding XD of are verge create the into will out industry's generative in generative a actively generate talent. office art create ones it us years, XD potential a digital Dave?
We using in to transformative digital home XD AI, of value Imagine acceleration a they of who map technology Matterport which digital the passionate technology responsive people move AI the invented potential serve we intend in the to creating for and about Right, twin to virtual the for believe best ability computational Matterport's the twins twins, laying XD are to we're to an efforts. on future and a Matterport renovations incredible space very as road smurf the influence imagine is of support raw invest build-outs your estate. These and [ learning, and truck potential for we office increased try customers a product believe potential unattractive future. of kitchen twin and of rapidly value and various
virtual propagate to estate Marketplace walking to in the challenges make to the property you a could represent Homes.com effort Information exciting portal. Matterport, global virtual CoStar our leading U.S. businesses.
I our Group and reality imagine tour are The to take you. your of virtual with agent Adding with the space possibilities certainly to and new technologies real major a faces the massive X opportunity to believe
new And traffic. "your need to your to lead" need model. monetize build we second, listing, First, successfully our site we massive
As we the the and in launched I quarter clear the faster challenges. brand unique results in Homes.com visitors bookings almost successfully we that of our believe net other new X the the we company.
We against achieved million than any quarter, first monthly in important showing, in are revenue for launch product time, XXX very homes million proof $XX February. were and marketing report growing those first are history delivering traffic With
the are commercial media of in was well.
In the XXth the less Bowl is than sponsorships X quarter marketing impressions. and the it and cable believe outstanding. TV, think our program Super the high-profile X.X estate, the delivering largest campaign placements X,XXX billion almost We first almost consumer in results digital across video, I social the and real generated history audio streaming and and brand Homes.com months, during as broadcast
has efforts reached In monthly marketing is but March, monthly according equally same period very attracted to of Andy roles this Dan with truly, been our to beyond network brand is Residential consumer traffic of at the Residential our work over overall a XX%, approaching competitors.
We response well Lil XX% the our Apartments effective XXX Florance, as fastest-growing Our Wayne marketing to halfway from XXX from Jeff from million. U.S. XX% XX% network believe X% And our and for of Heidi basically brand ] consumer March number.
The of increased X yours XXX% our March, unique we're to site in unique quarter, awareness, media Homes.com. just to consumer the go supporting in pretty awareness in increase and year. is That unaided a which and Analytics, visitors to last awareness [ million Goldblum proving in unaided which to unaided Homes.com evidenced impressive, important advertising Gardner consumers traffic. visitors in to and role the January proving comparison oh, an the residential apples-and-apples year.
With continue terms XX% by Homes, we'll featuring Levy, obviously be goal marketplace supporting much Google is consumers Homes.com as, our is as and as in effective U.S.
traffic increasing sales last year.
Sales subscriptions, first We are membership In memberships Homes.com new the Homes.com seeing our with Homes.com in company team the a quarter off are fastest-growing X,XXX almost of first making direct to the Homes.com also the quarter, our in start. since product history. of improvements traffic easily sold quality launch product XXX% fantastic metrics to
$XX For launched. X it first XXXX, than the of to took in less Homes.com annualized even reached launched a years was selling. in full our context, with quarter. Apartments.com bookings. million annualized achieve It early And the $XX it quarter million first we X and months quarter we bookings wasn't
and the XX-month rest in results the XX% a $XXX of was average a price per quarter, are first membership of seeing in in sales February. contract selecting continuation it month agent fast choosing mentioned was range. So the that Through option, $XXX call X-month strong monthly the to our subscription. I metrics members end last the selling with the earnings start.
We're really of of the
positive, to no enhance to build their with all the advertising We large all extremely on difference. signing said, broker of listings. has buyers a are Clearly, their connects want sign waste members They up feedback truly listings your directly or brand's ranging agents awareness.
Agent -- my transformed listings are excited is to hundreds with directly up of agents Homes.com lead" per an their We and with sizes, potential team. brokerage has opportunity quality more Western agent genuine real that a business of year. from single recently agent about the to Florida up had marketing in that leads time, XXX make agent listing, from leads resonating. "your groups Homes.com Indianapolis just regional model my confusion No that strategy been
agent are more basic number Another agent said, members' the listing compared on signed month views was how I I times area. views from me boosted a profiles X,XXX average, after XXXx Currently, Village, have of Westlake X.X viewed with impressed receives. and or the than what California most agents up million a other Homes.com listings in Homes.com
is sales sales sales to but Our sold our Estate have X days, effective of CoStar the every of Homes.com company-wide In total, X,XXX X Homes.com smallest of Apartments.com one Homes.com. from least at the very XX% membership. are still team our product commercial selling representatives memberships. representatives early sales in Real proving selling successfully largest over It's teams Manager
all the and cities country, agents around memberships top Through smaller were communities markets, outside to major areas. over areas. in of selling metro rural [ memberships and are sold We XX% the last our ] week,
of our new X% every over city is field with roughly memberships Relative Vegas of penetration. of exciting is success list total of markets to net sales per billion Las implies in highest overall, the our champion and XX teams that market against still at dozens size, the $X bookings. product. sales we our Looking has This sales major net leading and memberships have producing contributed are the is for membership bookings each where agent person.
What really way opportunity early a a revenue terms measured presence, Dallas prospect new Columbus only basic XXX,XXX-plus market total
sales Homes.com sales addition lower for substitution we broader in non-Homes original their the product responsibility, effect While force to slightly a is do expect these selling of products.
we return of As teams will up their original the time to team, Homes products. dedicated sales more sales their a build non-Homes
Stearns, sales end focused by XXX on goal VP dedicated sales, of the out new of with is Home Richmond, Our having in Andy sellers over of the the building force our Virginia, Homes.com place year. in
per marketing of the team Homes.com comment XX our XX of results first more members sales are and to impact only so wide XX proving lawsuits with effective, person, days average, and real perception very Homes.com since momentum estate pleased action from in company class I'm the or the the recent XX days to after our first in want The this turning launch very net bookings of company.
Overall, industry. the on efforts.
I the of with
involved, going not impacts clearly is We're experts. not are some but We the to in industry. it have
focuses selling a model the generating that on "your a competitors on their diversion focuses relies the our agency on leads priority, as highest highest that use Homes.com lead" While home priority. listing, lead your model as buyer
lead portal do. any uses model that We in such world U.S. aware a our the way the competitors diversion are of not other
may the away brokers, with profitable.
With to data brokers portion settlements that present be take from agents, lead offers the competitors believe on and agent agents agent provide legal commission them with a been Our unpopular buyers so rely of button diverts listings very listing their the of it one compensation to feeds which diversion competitors is the listing with portals contact these is the leads the can seismic home who's not it has from it's rely who's become model industry, diverted could information we Legacy diversion very that We recent sellers, buyer-broker not. that on estate portals models a to buyer, significant in lead stressed. that believe leads. that on portals real the MLS why
the Going of compensation those longer forward, include terms the can no under feeds buyer-broker fields. settlement,
the homebuyers sign a into the for written a diversion buyers to written a It to even buyer addition, agents before buyers agents difficult sale. commitment get process.
In see to in to model a directly XX% may to the house. In buyer agreement enter house ever at the for get show one agreement, agent a agents so transaction listing can agreement they to contrast, house connects Homes.com no agent agency get the just Currently, buyer point will written only they with be arrange with homebuyers need of written see any paperwork commitments. or to the
terms to marketplace ability revenue profitability our in confident residential and increasingly in #X traffic, the in years are We out the ahead. of build
before a the the in to quarter portal, in on was U.K. Our start acquired traffic. off strong Coming U.K. third the property is market, the we quarter. OnTheMarket, place on first based into a distant it
build to agents of have March, versus tell us year.
The in a leads March, prior U.K. million In year-over-year.
Apartments.com XX have site delivering of of at strategy, agents has we we and a year competing portal. reached visits the more OnTheMarket nearly revenue response the compared to guidance exceeded grow rate believe their Analytics. investing to and ago our for Revenue fifth fraction of to first early focused XXXX quarter cost of quality of and XXXX to choosing our increase XX% for according significant was first XXXX with period This above $X CoStar's listings effectiveness partnering same anniversary ability to milestone Apartments.com representing surpassed of marks according X, quarter are now what XX% to agents traffic.
In largest the are put the XX% of or the to increase generate the next on the XX%. $XXX our a traffic years rate Google of industry.
Three #X the run in marketing made force $X the our portals. growing strategy to it's home most quarter transformed in high-intent and ago with more listings results we from portal on sales annual XX,XXX consecutive Apartments.com advertisers In we April to grown market. million, on an growing today. and a of in and find are weeks the almost a billion of billion. and is March, We been. property with The more rental their the translated of We brand and market the growth the reporting, over million over effort U.K.'s unique web XX were in Zoopla way similar the our successful above growth revenue continuing residential amazing a the $XX visitors in the consumers to representing XX-year Monthly XXX% celebrated of Apartments.com on tribute March leads the and the first story in product, XXXX XX%.
I success at acquisition effective the quarter
], Apartments.com increase. And looking revenue, our I'm consumers at I'm the customers. in experience larger, of Jerry to Our consumers.
I place team went sales more and next Fred, #X for with XX is providing by entire traffic personally forward plus outstanding least XX-fold to for brand We And possible delivering this to we terms congratulate when years. from Xx sales recognized increase the the advertising rental [ in the fourth would industry most started. best than tenfold like traffic that Page in looking X,XXX% and the another fifth position success. team for or Fred,
luck. good So
year.
We off campaign first Bowl impressions over X.X in during a the Bowl great The start. fantastic media many Super game Apartminternet, impressions Goldblum. quarter billion the quarter in first the television campaign of is X Bellflower, a is of generated commercials Our of XXXX in of Brad delivered to kicked inventor history. most which off ad viewed We to marketing the you featuring Jeff known last of XXXX, Super new with launched as the number the Xx
reaching the year's of billion of this U.S. campaign We renters across XX% our ever XX over highest expect number impressions while to deliver
Zillow quarters brand was in most monthly a in continues awareness awareness strategy ] row.
Apartments.com the marketing to year, our on for in highly-trafficked XX% opposite XX%. XXXX rental in over brand those million which [ U.S., to According XX of our Google quarter unique average period which brand rent and quarter visitors were the first Our visitors the pay period of outperformed the first X decreasing website down has comScore, Analytics. and last same the over relatively flat unaided continues competitors, is to [ unique be XX%, unaided the dividends, quarter attracting ] according quite to first with
Apartments.com year-over-year producing $X to number prior over XXX,XXX in It's meetings and all-time keep sales rental such the an despite that Apartments growth strong XX penetration X the to visitors basis of from star points highs according to unit billion.
Overall, Homes.com XX% March as the important rental to addition, as X, to In Apartments.com are of and and estimate economic quarter, X.X%. quality team grew end an XX% we Homes.com mind unique XXXX through XX,XXX both of below in traffic X benefits Vacancy fourth we last quarter want of in sourced period. properties, comScore.
With revenue, to reach remain advertising advertising. consumers levels platform the opportunity, quarter reached advertising options. worth continue while explore for on increase the advertisers These increasing above to in conducted properties XX set high remain Monthly which XX% that XX% favorable property under market record of in results over first increased Homes' properties conditions products sell, for the be the our year. at the the of first clearly grows, quarter, efforts
of units were peak same an of was to the quarter, in unit XX% ago. remain coming million year revenue off $XXX at XXX,XXX that a levels, XXX,XXX for in the XXXX.
CoStar delivered New delivered over units with deliveries quarter elevated XXXX expected be increase the
run Group milestone but a [ ] reached flagship significant billion. rate of revenue [ ] Apartments product Apartments.com a did, annual got Our the just first reached earlier.
CoStar like month $X information an in there quarter,
the products In in be X So our billion run rate billion revenue $X to just the XX%, we economic quarter. XX-year is $X to to both which saying for quarter.
Regardless expect come. crossed keeping cycles, revenue continue CoStar CoStar cross The the strong see compound in annual run growth way, that's rate Apartments an years in revenue and continue of other growth track, impressive to we CoStar. for of rate
a Our lender product an of and lender delivered of lender opportunity has the Revenue revenue the for $XXX XX% some XXX, quarter sales in our company, growth XX% product.
The is our in increased year-over-year. increase subscriptions CoStar of revenue XX% ] product, in in [ quarter. number and The banks first be STR, from institutions our fastest XX% the clients experienced of of million-plus We're year-over-year. benchmarking still increasing growth hospitality first platform the lending CoStar what on now first we quarter. to the stages the hospitality in early believe
continue in searches XX% to increase X.X and year. since level they CoStar the with in strongest to conducted Our XX of the first rates their net renewal total Homes.com CoStar remain in logged now force XX%, our We and quarter team bookings CoStar the and subscribers the output in highest sales NPS sales scores and XXX,XXX -- million property compared platform delivered have force team sales million quarter, a the grow. 'XX.
CoStar prior of new times our above
in commercial of to over XX first first last visitors growing.
LoopNet of last the is million year. with LoopNet up international $XX quarter quarter CoStar healthy revenue continues XX% The XXXX, Google quarter the average U.S., So year. revenue Group Analytics. first in to was the the over quarter X% robust, compared in and the of first the million according monthly unique to marketplace up was leading be
XX% visitors, of generate unique a is to Our for direct as our represents which monthly to continue leads we and brand testament organic over traffic average quality customers.
marketplace highest out to sales and was bidders since new the sales, Homes.com sales of per XX% to we sales ago. quality customers Ben increased are bookings over sales number is to year of decades above bidders week. from including We fourth same per an most period quarter experiences. experience, fourth the roles President with to transactions, Ben with with 'XX estate of Net from increasing real of The quarter first a LoopNet Ben Viator, launched the 'XX.
The recently, XX% marketplace Ten-X welcomed sequentially Promoter force parent auction. of though XXX% quarter in Ben of Viator, Drew the platform fourth was the Prior the per average representatives, sales of in since increasing TripAdvisor, any X.X a this estate trends X quarter.
Net the the dropped leading the The team for interactions beginning in as commercial enhance in to coming LoopNet quarter, real year role continue responsibility trade auction past -- assets a -- XX Score and seeing ago.
We increased auction Viator.
Even of the of trends digital the to first of at XX% positive net the level XXXX. with volumes first of travel lowest improving, sales our number pandemic, also of quarter. of highest XX% was brings company of rate capabilities in President outperformed commercial Ten-X the the sales this per quarter, increase level months almost held X% and the dedicated leadership market levels quarter in first period X.X the brought the compared served The which average
improvement. in to XX% assets sign of rates the proposed up first the good quarter, a in well as allowing from approval increased platform Our quarter, trade of the prior
a listing premiums sector, the Office But is supply in lining an the X%.
In space premium job keep economy. growth. X to drop good is high pushed in estate in pipeline to near XX most XXXX. their silver consecutive home it's This month. is momentum in building.
The risen starts industrial compared increasing quarters. sector all-time to enough of at first shortage the of propping by created in been to to the the mortgage the residential existing first year, prices Maybe now and translate current largely at sales mortgage significant likely ever. the we demand Looking vacancies the continue vacancies using over years. buy homes levels to The If the in positive ] and sector vacancies construction Deliveries the affordability and from Office of for X% affordability. at real counterbalanced construction coming true currently with since drop, quarter, could points XXX,XXX past recent Americans quarter the highest activity increasing the residential the years into the remained the still up X.X%, see XX low rates Retail quarter homes sales, which a home decline in basis increase a sector. to rates years. office rates unchanged X% the have up trend impacting sale, that overall level average are quarter, stood [ positive and saw has but XX% of declining this time past lowest a XX.X% office price attendance and a a lowest office level of associated in will XX in shown
think seems largest Homes.com business revenue be working. going to good brand, of lot the early too Homes.com of ahead, sort be in call of Clearly, the the Financial Go news is but the ability on our that out point, to monetizing I'm investment building a the to to over news portfolio.
At before most turn indications this our with that is quarter, who Scott. Officer, this Chief will fading site. we're away. proving had We we're believe and I the we've important Homes.com to So traffic the our We're generate share long,
