QUOTE AND NEWS
Mondo Visione  Mar 4  Comment 
CME Group, the world's leading and most diverse derivatives marketplace, LOOP LLC, operator of the largest privately-owned crude oil terminal in the U.S., and NEO Markets, Inc., a leading online marketplace for U.S. physical oil transactions,...
New York Times  Sep 4  Comment 
The investors in the current round of seed financing include top executives or former executives of Zillow, eHarmony, Expedia, Loopnet and Starwood Capital.
Reuters  Aug 29  Comment 
* Entergy to inspect line for damage as soon as safety allows
Reuters  Aug 10  Comment 
Aug 10 - Fitch Ratings has affirmed LOOP LLC's ratings as listed below. Approximately $244 million of first-stage debt and $203 million unsecured debt is affected by this rating action. The Rating Outlook is Stable. LOOP's 'A-' Issuer Default...
Reuters  Aug 8  Comment 
(The following statement was released by the rating agency) Overview
Benzinga  Jul 25  Comment 
CoStar Group, Inc. (Nasdaq: CSGP), commercial real estate's leading provider of information, analytic and marketing services, announced today that revenues for the second quarter of 2012 were $85.2 million versus revenue of $62.1 million for...
Reuters  Jun 25  Comment 
The Louisiana Offshore Oil Port (LOOP) said on Monday tanker offloadings would resume Monday afternoon as it restarts marine operations that had been halted because of Tropical Storm Debby.
Globe Newswire  May 2  Comment 
Company believes that combination creates substantial opportunity to cross sell products between two large and complementary client bases Company provides 2012 revenue and earnings guidance including LoopNet, Inc. WASHINGTON, May 2, 2012 (GLOBE
Globe Newswire  Apr 30  Comment 
WASHINGTON, April 30, 2012 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP) announced today that it has completed its acquisition of LoopNet, Inc. previously announced on April 27, 2011, creating the premier information, marketing and analytics




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Loopnet, Inc. owns and operates LoopNet.com, an online marketplace for commercial real estate. The LoopNet marketplace has about 750,000 listings and about 900,000 unique users visit the site each month.[1]

Business Overview

LOOP's business model relies on subscription fees to drive revenue growth.

Business & Financial Metrics[2]

In 2009, LOOP generated a net income of $11.5 million on $76.5 million in total revenues. This represents a 37.0% drop in net income on a 11.1% decrease in total revenues from 2008, when the company earned $18.3 million on $86.1 million in revenues.

Business Segments[3]

LOOP operates through a single business segment that runs its online marketplace for commercial real estate. Essentially all of LOOP's business occurs within the United States and the company has no assets in foreign countries.

Key Trends & Forces

CoStar Lawsuit[4]

In 2009, LoopNet won a lawsuit against competitor CoStar. CoStar had been hiring employees to run thousands of searches on LoopNet's website for the purpose of data mining and mapping LoopNet's listings so that CoStar could replicate them on its own site. Because LoopNet's Terms of Use agreement prohibit the use of its data by competitive services, the court refused to grant CoStar the right to use LoopNet's data.

Competition[5]

LOOP's primary competition comes from traditional real estate brokerages that rely on printed information. The company also competes with CoStar Group (CSGP), which provides information, research, and marketing for the commercial real estate market.

References

  1. LOOP 2009 10-K pg. 4  
  2. LOOP 2009 10-K pg. 28  
  3. LOOP 2009 10-K pg. 60  
  4. LoopNet Announces Significant Legal Victory in Lawsuit Against CoStar Group. Business Wire (July 23, 2009).
  5. LOOP 2009 10-K pg. 12  
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