CoStar Group reported a year-over-year revenue increase of 11% to $693 million in its Q3 earnings results released on October 23, 2024. The company also noted that its monthly average unique visitors across its network of sites reached 130 million. Despite this growth, CoStar faced challenges, including a decline in bookings, which led to a 10% drop in its stock price. RBC Capital Markets downgraded CoStar's stock, which was trading at $CSGP and fell 5.4% in premarket trading. Additionally, revenue from the multifamily and residential sectors disappointed investors, contributing to a 7% decline in premarket trading. CoStar's recent acquisition of Visual Lease for $272.5 million raised questions about its integration with existing platforms. The current market conditions have been described as tough for the real estate sector.