CoStar Group entered into a definitive agreement to acquire Vexcel, a leading provider of aerial imagery and geospatial data, for approximately $730 million in cash. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions and regulatory approvals, including Hart-Scott-Rodino waiting periods. Concurrently, CoStar reported third-quarter revenue of $952 million, up 14% year-over-year, with adjusted EBITDA doubling to $229 million. The company raised its full-year 2026 adjusted EBITDA guidance to a range of $820 million to $840 million and increased full-year revenue guidance to $3.75 billion to $3.77 billion. CoStar Group is a leading global provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets.
