CoStar wants faster Homes.com growth, is shifting sales into the field
Net new bookings totaled $37 million, while residential segment revenue rose to $460 million from $373 million
Homes.com
Auto Added by WPeMatico
Homes.com helps drive CoStar to first profitable residential quarter
For the first time, CoStar’s residential portfolio turned adjusted EBITDA positive, generating $12 million in profit.
CoStar Group, Homes.com surge in Q1 — CEO welcomes end of activist ‘distraction’
Homes.com revenue grew 58% to $26 million in the first quarter, with agent subscribers surging 205% to 35,175.
The ground just shifted: coming soon listings are taking over real estate
Portals and brokerages expand coming soon pre marketing, raising questions about IDX feeds, MLS rules and seller choice.
CoStar pushes back on activist investors’ reporting criticism
The dispute stems from CoStar’s heavy investment in Homes.com and whether it is creating or impeding long-term value and shareholder wealth.
CoStar Group cuts jobs amid AI rollout and Homes.com focus
CoStar Group reduces workforce, citing AI-driven efficiencies and continued commitment to Homes.com despite investor pressure.
More activist investors push CoStar to exit Homes.com business
Activist investors call for CoStar to sell or close Homes.com, citing $11B in value destruction and weak results.
CoStar forecasts Homes.com profitability in 2030
CoStar Group projects 18% revenue growth in 2026, cuts Homes.com investment, and launches a $1.5B stock buyback.
REcore dismisses breach of contract suit against CoStar, Homes.com
Less than 48 hours after filing its breach of contract suit, REcore has dismissed its claims against CoStar and Homes.com with prejudice.
REcore sues CoStar and Homes.com over alleged breach of contract
REcore claims CoStar has not paid the full amount it owes for its IDX feed due to its monetization of MLS data.