CoStar Group founder and CEO Andy Florance purchased over 70,000 securities belonging to his firm last Friday. A Form 4 filed with the Securities and Exchange Commission on Monday shows that Florance purchased non-derivative securities from the open market. According to the filing, Florance acquired a total of 71,430 securities via two transactions, one which […]
CoStar CEO Andy Florance buys over 70,000 shares Read More »
Despite recording the 59th consecutive quarter of double-digit revenue growth during the fourth quarter of 2025, with revenue jumping 27% to $900 million, CoStar Group’s financial results may not have been as strong as many expected given the firm’s recent rhetoric about how well the company is performing. During the quarter, net income fell from
CoStar touts Homes.com momentum and AI gains as profits dip in Q4 Read More »
The pressure of even more activist investors does not appear to be enough to cause CoStar Group to change its stance on Homes.com. The Andy Florance-led firm responded to a letter sent by activist investors at D.E. Shaw & Co., LP. in a press release on Thursday, in which the company reiterated its commitment to
CoStar rebuffs D.E. Shaw, Third Point on Homes.com divestment Read More »
Investors at D.E. Shaw & Co., L.P. are joining Third Point Investments in calling for CoStar to either divest or shut down Homes.com. On Wednesday, Edwin Jager and Michael O’Mary, two managing directors at D.E. Shaw, sent an open letter to CoStar Group’s board or directors, expressing their “continued disappointment” with what they say is
More activist investors push CoStar to exit Homes.com business Read More »
As tensions between CoStar Group and Zillow continue to heat up, Zillow has claimed that CoStar did not renew its Matterport API agreement. CoStar closed its $1.6 billion acquisition of Matterport in March, meaning that it would be up to CoStar to decide if it wanted to renew the API agreement with Zillow. Matterport and
Zillow removes Matterport tours amid CoStar API dispute Read More »
In a public update on its ongoing copyright infringement legal battle with Zillow, CoStar Group is claiming that the listing portal giant is continuing to infringe on CoStar’s intellectual property by displaying CoStar owned images on its site. Filed in late July, CoStar’s lawsuit accuses Zillow of “rampant” copyright infringement of listing photos. The complaint
CoStar doubles down on Zillow in copyright lawsuit Read More »
In a public update on its ongoing copyright infringement legal battle with Zillow, CoStar Group is claiming that the listing portal giant is continuing to infringe on CoStar’s intellectual property by displaying CoStar owned images on its site. Filed in late July, CoStar’s lawsuit accuses Zillow of “rampant” copyright infringement of listing photos. The complaint
CoStar doubles down on Zillow in copyright lawsuit Read More »
Zillow has begun removing the images at the center of CoStar’s copyright infringement lawsuit from its site this week. A Zillow spokesperson confirmed that the listing portal giant is only removing images that are of issue in the lawsuit and that it is notifying partners of the removals. Additionally, the spokesperson noted that actions like
Zillow removes photos at center of CoStar suit from site Read More »
There is no doubt that CoStar Group threw everything it had into the 2024 launch of the revamped Homes.com. From Super Bowl ads that were part of the firm’s $1 billion marketing spend, to a reallocation of nearly all of its sales staff, Homes.com debuted with a bang. And then things kind of fizzled. Now,
CoStar investors say the company needs ‘meaningful self-help’ Read More »