CoStar Group, Inc. (CSGP) CEO Andy Florance On Q1 2022 Results - Earnings Call Transcript

CoStar Group, Inc. (NASDAQ:CSGP) Q1 2022 Earnings Conference Call April 26, 2022 5:00 PM ET

Company Participants

Gene Boxer - General Counsel & Corporate Secretary

Andy Florance - Founder and CEO

Scott Wheeler - CFO

Conference Call Participants

George Tong - Goldman Sachs

Pete Christiansen - Citi

Jeff Mueller - Baird

Stephen Sheldon - William Blair

Ryan Tomasello - KBW

Mayank Tandon - Needham

Ashish Sabadra - RBC

Joe Goodwin - JMP

John Campbell - Stephens Inc

Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear. The machine-assisted output provided is partly edited and is designed as a guide.

Operator

00:06 Good Day. Thank you for standing. Welcome to the CoStar Group to report Financial Results for First Quarter 2022. At this time, all participants are in a listen only mode. After the speakers’ presentation, as there will be a question-and-answer session. [Operator Instructions]

0:28 I would now like to hand the conference over to Gene Boxer, General Counsel of CoStar Group. Thank you. Please go ahead.

Gene Boxer

00:35 Thank you, Blue. Good evening, and thank you all for joining us to discuss the first quarter 2022 results of the CoStar Group. Before I turn the call over to Andy Florance, CoStar CEO and Founder; Scott Wheeler, our CFO.

0:49 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 second quarter, and the full-year 2022 based on current beliefs and assumptions. Forward-looking statements may 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-Q, 10-K under the heading Risk Factors.

1:34 All forward-looking statements are based on [Technical Difficulty] in detail and our press release issued today, along with definitions for those terms. The press release is available on our website located at costargroup.com under Press Room. As a reminder, today's conference call is being webcast, and the link is also available on our website under Investors. Please refer to today's press release on how to access the replay of this call.