Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>CoStar Group's Q3 2025 financial performance demonstrated strong revenue growth, with significant achievements in multiple segments, yet it presents a complicated landscape for potential investors to navigate.</li><li>Positive aspects of the report include a robust 20% year-over-year revenue increase, bringing the total to $834 million for the quarter, marking the 58th consecutive quarter of double-digit revenue growth.</li><li>The adjusted EBITDA rose by an impressive 51% compared to the previous year, indicating efficient operational management and cost control.</li></ul>

CoStar Group's Q3 2025 financial performance demonstrated strong revenue growth, with significant achievements in multiple segments, yet it presents a complicated landscape for potential investors to navigate.Positive aspects of the report include a robust 20% year-over-year revenue increase, bringing the total to $834 million for the quarter, marking the 58th consecutive quarter of double-digit revenue growth.The adjusted EBITDA rose by an impressive 51% compared to the previous year, indicating efficient operational management and cost control.

CoStar Group: Is LoopNet's Momentum Sustainable?

<ul><li>CoStar Group's second quarter of 2025 showcased a mix of significant achievements and potential challenges.</li><li>The company reported a robust revenue of $781 million, marking a 15% increase from the previous year, and achieved a notable adjusted EBITDA of $85 million, representing a 108% increase year-over-year.</li><li>These figures surpassed consensus estimates, indicating strong operational performance and efficient management.</li></ul>

CoStar Group's second quarter of 2025 showcased a mix of significant achievements and potential challenges.The company reported a robust revenue of $781 million, marking a 15% increase from the previous year, and achieved a notable adjusted EBITDA of $85 million, representing a 108% increase year-over-year.These figures surpassed consensus estimates, indicating strong operational performance and efficient management.

CoStar Group: Initiation of Coverage- LoopNet's Growth & Strategic Shifts to Ensure A Sustainable Growth Trajectory!

US-EU Index & Corporate Actions Analyst, ORTEX

Harry Kalfas

US-EU Index & Corporate Actions Analyst

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/costar-group-inc" target="_blank" data-smartkarma-citation="entities:16907:1" rel="noopener">Costar Group (CSGP US)</a> to acquire <a href="https://www.smartkarma.com/entities/matterport-inc" target="_blank" data-smartkarma-citation="entities:36323:1" rel="noopener">Matterport (MTTR US)</a> for $1.6 billion, boosting its digital real estate capabilities.</li>
<li>The regulatory hurdles and recent optimism on expected completion of the acquisition.</li>
<li>The acquisition's impact on major U.S. indices, expected mostly on an intra-quarter basis.</li>
</ul>



Costar Group (CSGP US) to acquire Matterport (MTTR US) for $1.6 billion, boosting its digital real estate capabilities.
The regulatory hurdles and recent optimism on expected completion of the acquisition.
The acquisition's impact on major U.S. indices, expected mostly on an intra-quarter basis.


CoStar's $1.6 Billion Matterport Acquisition Near Completion: Index Impacts Ahead

Podcast on In-depth Business Talks, Speedwell Research

The Synopsis

Podcast on In-depth Business Talks

Speedwell Research

Speedwell Research spends hundreds of hours researching public businesses each month and in "The Synopsis" they share their key learnings. Most business podcasts are superficial and assume their listeners are unsophisticated. In contrast, The Synopsis trusts listeners are interested in learning about complex, industry-specific issues, so long as they are explained clearly. We cover businesses from inception to current day, coupling business analysis and an investors lens. Start listening today to become a better analyst and investor.

<ul><li>CoStar's revenue grew 20% year over year, with strong growth in residential segments such as Apartments.com and Homes.com</li><li>Elevated sales and marketing expenses account for 50% of revenue, raising questions about sustainable growth and margin levels</li><li>Management is optimistic about gaining momentum and investing in two-sided marketplace platform for future success, but concerns remain about long-term profitability and valuation metrics.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

CoStar's revenue grew 20% year over year, with strong growth in residential segments such as Apartments.com and Homes.comElevated sales and marketing expenses account for 50% of revenue, raising questions about sustainable growth and margin levelsManagement is optimistic about gaining momentum and investing in two-sided marketplace platform for future success, but concerns remain about long-term profitability and valuation metrics.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Dialogue. Meta, Perimeter Solutions, and CoStar 3Q25 Earnings, Time Spent Competition, 50% Sales ...

TSMC (Taiwan Semiconductor Manufacturing) - ADR / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) - ADR

<ul><li>Federal Reserve expected to reduce interest rates amid labor market weakness and inflation concerns</li><li>Fed officials divided on future rate cuts, with market anticipating continued easing cycle and potential changes in personnel influencing decisions</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Federal Reserve expected to reduce interest rates amid labor market weakness and inflation concernsFed officials divided on future rate cuts, with market anticipating continued easing cycle and potential changes in personnel influencing decisionsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Briefing. TSMC Dismissed Bubble Fears, Why a 2% Target?, Warehouse Market Turns, New CoStar Threat

United States

CoStar Group Inc. provides building-specific information to the United States commercial real estate industry and related industries. The Company's database details office and industrial space. The database provides digitized photographs and floor plan images on individual commercial buildings in the company's markets.

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Costar Group (CSGP US)

CoStar Group: Is LoopNet's Momentum Sustainable?

CoStar Group's Q3 2025 financial performance demonstrated strong revenue growth, with significant achievements in multiple segments, yet it...

Baptista Research

CoStar Group: Initiation of Coverage- LoopNet's Growth & Strategic Shifts to Ensure A Sustainable Growth Trajectory!

CoStar Group's second quarter of 2025 showcased a mix of significant achievements and potential challenges. The company reported a robust revenue...

Baptista Research

CoStar's $1.6 Billion Matterport Acquisition Near Completion: Index Impacts Ahead

CoStar Group’s $1.6 billion acquisition of Matterport is a game-changer for digital real estate. With a cash-and-stock structure, the merger is...

Harry Kalfas

Dialogue. Meta, Perimeter Solutions, and CoStar 3Q25 Earnings, Time Spent Competition, 50% Sales ...

CoStar's strong revenue growth, high customer retention rates, and investments in building a two-sided marketplace raise questions about future...

The Synopsis

Briefing. TSMC Dismissed Bubble Fears, Why a 2% Target?, Warehouse Market Turns, New CoStar Threat

Casey's research report on unique business model with fresh food offerings and pizza sales released, Federal Reserve likely to reduce interest...

The Synopsis

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