CoStar Group, Inc. (NASDAQ:CSGP) Q3 2023 Earnings Conference Call October 24, 2023 5:00 PM ET

Company Participants

Cyndi Eakin - Head of Investor Relations

Andy Florance - Founder and Chief Executive Officer

Scott Wheeler - Chief Financial Officer

Conference Call Participants

George Tong - Goldman Sachs

Pete Christiansen - Citi

Heather Balsky - Bank of America

Ella Smith - JPMorgan

Ryan Tomasello - KBW

Stephen Sheldon - William Blair

John Campbell - Stephens Inc

Jeff Meuler - Robert W. Baird

Nicholas Jones - JMP Securities

Ashish Sabadra - RBC Capital Markets

Operator

Good day, everyone. My name is Lisa, and I will be your conference operator today. At this time, I would like to welcome everyone to the CoStar Group Third Quarter 2023 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.

Now Cyndi Eakin, Head of Investor Relations will read the Safe Harbor statement. Cyndi, you may begin.

Cyndi Eakin

Thank you, Lisa. Good evening. And thank you all for joining us to discuss the third quarter 2023 results of the CoStar Group.

Before I turn the call over to Andy Florance, CoStar's CEO and Founder; and Scott Wheeler, our CFO, I would like to review our Safe Harbor statement.

Certain portions of the discussion today may contain forward-looking statements, including the company's outlook and expectations for the fourth quarter and the full-year of 2023, based on current beliefs and assumptions. Forward-looking statements involve many risks, uncertainties, assumptions, estimates and other factors that can cause actual results to differ materially from such statements.

Important factors that can cause actual results to differ include, but are not limited to, those stated in CoStar Group's press release issued earlier today and in our filings with the SEC, including our most recent annual report on Form 10-K, and subsequent quarterly reports on Form 10-Q under the heading Risk Factors. All forward-looking statements are based on the information available to CoStar on the date of this call. CoStar assumes no obligation to update these statements whether as a result of new information, future events or otherwise.

Reconciliation to the most directly comparable GAAP measure of any non-GAAP financial measures as discussed on this call are shown in detail in our press release issued today, along with the definitions for those terms. The press release is available on our Web site, located at costargroup.com under Press Room.