Recent Updates — CSGP
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.
CoStar Group completed its acquisition of Zonda for $800 million in cash on August 21, 2026. The transaction adds Zonda's B2B data platform and online marketplaces (NewHomeSource.com and Livabl) to CoStar's portfolio, targeting the $400 billion U.S. new home construction sector. Zonda generated approximately $170 million in revenue with a 23% Adjusted EBITDA margin in 2025 and serves over 3,000 customers including major homebuilders. This move expands CoStar's residential real estate ecosystem beyond its existing commercial and multifamily data offerings. CoStar Group operates as a leading provider of online real estate marketplaces, information, analytics, and digital twin technology.
CoStar Group reported financial results for the quarter ended June 30, 2026, announcing revenue of $925 million, an 18% increase year-over-year. Net income rose to $55 million, or $0.14 per diluted share, compared to $6 million in the prior year period. Adjusted EBITDA more than doubled to $184 million, up 116% year-over-year, driven by a 441% increase in EBITDA and a 2% increase in operating costs. The company affirmed its full-year 2026 Adjusted EBITDA guidance of $780 million to $820 million and revised its full-year revenue guidance to $3.715 billion to $3.755 billion. CoStar Group operates in the real estate technology industry, providing online marketplaces, information, analytics, and digital twin technology for property markets.
CoStar Group appointed Robin Rossmann as Chief Financial Officer, effective July 31, 2026, replacing Christian Lown who resigned on the same date for an opportunity outside the industry. Rossmann, previously Managing Director, Europe, will receive an annual base salary of £440,000, transitioning to $590,000 upon relocation to the U.S. His compensation package includes a $2.5 million one-time equity grant (40% RSUs, 60% PSUs), a 100% target annual incentive bonus, and a $500,000 cash relocation subsidy. The company operates in the real estate information and analytics industry, providing data and online marketplaces for commercial and residential properties.
On June 23, 2026, stockholders approved the CoStar Group, Inc. 2026 Employee Stock Purchase Plan (2026 ESPP), which authorizes the issuance of 2,500,000 shares of common stock. This plan replaces the 2021 ESPP, under which no further shares will be issued. The company also reported voting results from its Annual Meeting, including the election of eight directors, the ratification of Ernst & Young LLP as independent auditor, and the approval of executive compensation. CoStar Group operates in the real estate information and analytics industry, providing data and online marketplaces for commercial and residential properties.
CoStar Group, Inc. has entered into a definitive agreement to acquire Zonda, a provider of new home construction data and residential real estate marketplace solutions, for $800 million in cash. The transaction is subject to customary regulatory approvals and closing conditions but does not require stockholder approval or specific financing.