Company Reports

CoStar Group operates as the premier provider of real estate information, analytics, and online marketplaces globally. Throughout its 39-year history, the highly successful serial acquirer has adeptly integrated major acquisitions, demonstrating an exceptional track record of value creation through transformative purchases such as LoopNet and Apartments.com.

CoStar Group has completed its acquisition of Zonda, a leading provider of new-home construction data and residential real estate marketplaces, for $800 million in cash.

CoStar Group operates as the premier provider of real estate information, analytics, and online marketplaces globally. Throughout its 39-year history, the highly successful serial acquirer has adeptly integrated major acquisitions, demonstrating an exceptional track record of value creation through transformative purchases such as LoopNet and Apartments.com.

CoStar Group reported solid second-quarter results, with revenue and adjusted EBITDA growing by 18% and 116%, respectively, from a year ago. Still, the full-year revenue guidance, cut by 1.7% to $3,735 billion at the midpoint, remained the key focus, sending shares down in the low double digits.

We're transferring coverage of CoStar Group, a diversified real estate services firm that operates predominantly in North America, to a new analyst.

CoStar Group operates as the premier provider of real estate information, analytics, and online marketplaces globally. Throughout its 39-year history, the highly successful serial acquirer has adeptly integrated major acquisitions, demonstrating an exceptional track record of value creation through transformative purchases such as LoopNet and Apartments.com.

CoStar Group reported solid first-quarter results, with revenue expanding 23% to $897 million, adjusted EBITDA roughly doubling from the year-ago period to $132 million. Still, the firm's shares trended slightly lower in aftermarket trading as investors remain concerned about Homes.com investments.

CoStar Group's business is built around a proprietary database of commercial real estate information that the company has developed and enhanced for more than 35 years. This database is by far the best in the industry and forms the bedrock of most of the products offered by the firm. The firm's proprietary data powers its analytic and information services and provides content for most of its online marketplaces. The company has six main business lines: multifamily, CoStar Suite, LoopNet, other marketplaces, information services, and residential, in order of revenue contribution.

CoStar Group's business is built around a proprietary database of commercial real estate information that the company has developed and enhanced for more than 35 years. This database is by far the best in the industry and forms the bedrock of most of the products offered by the firm. The firm's proprietary data powers its analytic and information services and provides content for most of its online marketplaces. The company has six main business lines: multifamily, CoStar Suite, LoopNet, other marketplaces, information services, and residential, in order of revenue contribution.

CoStar posted decent fourth-quarter results, with revenue growing 27% from the year-ago period while adjusted earnings per share rose 19%. Still, shares fell about 7% in after-hours trading due to weaker-than-expected first-quarter 2026 guidance.

In recent weeks, Dan Loeb's Third Point fund and D.E. Shaw have written scathing letters to CoStar's management demanding a shakeup of the board of directors and a shift in business strategy as the real estate firm continues to invest heavily in its struggling residential real estate businesses.

CoStar Group's business is built around a proprietary database of commercial real estate information that the company has developed and enhanced for more than 35 years. This database is by far the best in the industry and forms the bedrock of most of the products offered by the firm. The firm's proprietary data powers its analytic and information services and provides content for most of its online marketplaces. The company has six main business lines: multifamily, CoStar Suite, LoopNet, other marketplaces, information services, and residential, in order of revenue contribution.

CoStar Group's business is built around a proprietary database of commercial real estate information that the company has developed and enhanced for more than 35 years. This database is by far the best in the industry and forms the bedrock of most of the products offered by the firm. The firm's proprietary data powers its analytic and information services and provides content for most of its online marketplaces. The company has six main business lines: multifamily, CoStar Suite, LoopNet, other marketplaces, information services, and residential, in order of revenue contribution.

CoStar Group's business is built around a proprietary database of commercial real estate information that the company has developed and enhanced for more than 35 years. This comprehensive database is by far the best in the industry and forms the bedrock of most of the products offered by the firm. The firm's proprietary data powers its analytic and information services and provides content for most of its online marketplaces.

CoStar posted an impressive set of numbers in the third quarter as the firm completed its Domain acquisition, net new sales remain solid, and profitability in the core information and marketplace businesses outperformed our expectations.

CoStar posted a good set of numbers for the second quarter as the firm reported net new sales bookings, which is an indicator of future revenue growth, of $93 million. Second-quarter net new bookings were 65% higher on a sequential basis.

CoStar Group's business is built around a proprietary database of commercial real estate information that the company has developed and enhanced for more than 35 years. This comprehensive database is by far the best in the industry and forms the bedrock of most of the products offered by the firm. The firm's proprietary data powers its analytic and information services and provides content for most of its online marketplaces.

CoStar posted a decent set of numbers in the first quarter as the firm showed steady progress in its Homes.com investments and the fight with Zillow to become the leading residential marketplace in the US intensifies.

CoStar shares were down about 5% in after-hours trading as the market digested weak 2025 guidance and slowing traffic momentum for the firm's residential business. The firm reported GAAP earnings per share of $0.15 during the quarter, down 38% year over year.

CoStar Group's business is built around a proprietary database of commercial real estate information that the company has developed and enhanced for more than 35 years. This comprehensive database is by far the best in the industry and forms the bedrock of most of the products offered by the firm. The company's proprietary data powers its analytic and information services and provides content for most of its online marketplaces.