ENVIRONMENTAL, SOCIAL & GOVERNANCE REPORT 2023
Use of Operating Metrics
CoStar Group reviews a number of operating metrics to evaluate its business, measure performance, identify trends, formulate business plans and make strategic
decisions. This presentation includes Net New Bookings. Going forward, CoStar Group expects to use these operating metrics on a periodic basis to evaluate and
provide investors with insight into the performance of the Company's subscription-based services.
Net New Bookings are calculated based on the annualized amount of change in the Company's sales bookings, resulting from new subscription-based contracts,
changes to existing subscription-based contracts and cancellations of subscription-based contracts for the period reported. Information regarding net new bookings
is not comparable to, nor should it be substituted for, an analysis of the Company's revenues over time.
CoStar Group™View entire presentation