A Poor Bookings Quarter for CSGP
CSGP Organic bookings (ex. Homes.com) were down 38% year-over-year.
CSGP spent $5.35 in Sales & Marketing for every new $1 of bookings. This compares unfavorably to $4.26 in the March quarter and $3.05 in the June 2023 quarter.
CSGP shares ought to be trading off far more than they are in the aftermarket.
