CoStar Group

What CoStar Group does

CoStar Group (NASDAQ: CSGP) is a publicly traded S&P 500/NASDAQ 100 company founded in 1986 and headquartered in Arlington, Virginia. The company operates as a global digital infrastructure provider for the real estate industry, delivering commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Its portfolio spans flagship commercial brands (CoStar, LoopNet, Ten-X, STR), multifamily rentals (Apartments.com Network of 11 sites), residential marketplaces (Homes.com, OnTheMarket, Domain), 3D spatial technology (Matterport), land and agricultural platforms (Land.com, AcreValue), and lease accounting solutions (CoStar Real Estate Manager, Visual Lease). The company serves brokers, lenders, investors, appraisers, multifamily landlords, homebuilders, hotel operators, and consumers across 86 offices in 14 countries, reaching 134+ million monthly unique visitors across its web properties.

The core technology platform combines 40 years of proprietary real estate data with AI-powered search (Apartments.com AI, Homes AI, both built on Microsoft Azure OpenAI), Matterport 3D digital twin technology covering 50+ billion sq ft in 177+ countries, and specialized vertical data assets (STR hotel benchmarking across 94,000 hotels and 12M rooms, AcreValue farmland data across 48 states). Revenue is generated primarily through subscription-based pricing with approximately 95% of commercial revenue subscription-based and near-90% renewal rates, supplemented by marketplace advertising (Apartments.com, Homes.com) and transaction fees (Ten-X). Distribution combines direct enterprise field sales for commercial data, a dedicated inside-sales force of 275+ for Homes.com, self-serve digital marketplaces, and strategic partnerships (eXp Realty's 300,000 agents via Homes.com).

The business model has expanded aggressively through M&A, with $1.6B for Matterport (Feb 2025), $1.9B for Domain Group (May 2025), and a pending $800M Zonda acquisition (announced May 2026, expected close H2 2026) extending the platform into 3D digital twins, Australian residential, and new home construction data respectively. FY2025 revenue reached $3.2B with FY2026 guidance of $3.78-$3.82B and adjusted EBITDA guidance of $780-$820M, following 60 consecutive quarters of double-digit revenue growth. The Homes.com residential expansion has been capital-intensive (estimated ~$5B cumulative spend by Third Point for ~$80M expected 2025 revenue), prompting a $1.5B share repurchase program and formation of a Capital Allocation Committee in response to activist pressure.

Name

CoStar Group

Legal name

CoStar Group, Inc.

Website

http://www.costargroup.com/

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

CoStar Group (NASDAQ: CSGP) is a publicly traded S&P 500 real estate data, analytics, and online marketplace platform serving commercial, multifamily, residential, hospitality, and land sectors globally, generating $3.2B in FY2025 revenue across 86 offices in 14 countries.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Information & Marketplaces

NAICS

Advertising, Public Relations, and Related Services (5418)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Business Intelligence, Reporting & Data Platforms (THALACAL)

Keywords

• Commercial real estate data
• Real estate analytics
• Online real estate marketplace
• Property listing platforms
• Real estate digital twins

Headquarters

HQ city

Arlington

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Marketing or Sales, Personnel, Technology or R&D, Operations, Infrastructure, Others

Revenue model

1. Commercial Information Services (CoStar): Core subscription-based commercial real estate data, analytics, and news platform serving brokers, investors, lenders, and appraisers. Revenue of approximately $472M in Q1 2026. Approximately 95% of commercial revenue is subscription-based with renewal rates near 90%. The segment delivered 43% profit margins in 2024.
2. Multifamily / Apartments.com: Subscription-based apartment rental marketplace and advertising platform. Achieved $1.07 billion in revenue in 2024, growing 17% compared to 2023. The Apartments.com Network of 11 leading sites attracts 43 million monthly renters and delivers the highest lead-to-lease conversion rate in the industry.
3. Residential / Homes.com: Residential real estate marketplace generating $26M in revenue in Q1 2026, up 58% year-over-year. Growing rapidly to become the #2 residential marketplace in the US with 110 million average monthly unique visitors in Q4 2024. Residential segment revenue totaled $425M in Q1 2026 with approximately 35,000+ agent subscribers.
4. LoopNet: World's leading commercial real estate online marketplace with 13 million monthly global unique visitors and 6x the traffic of closest competitor. Connects tenants and investors to properties for lease and sale. LoopNet Network includes cityfeet.com and Showcase.com.
5. STR / Hospitality Data: Global leader in hotel data benchmarking and analytics. Aggregates data from 94,000 hotels representing 12 million guest rooms in 190+ countries. Powers CoStar hospitality market data for hotel brands, operators, owners, advisors, investors, and destination marketing organizations.
6. Matterport 3D Technology: Digital twin and spatial data platform enabling 3D capture and visualization of buildings. Supports property marketing, appraisal, and operations across residential and commercial segments. Acquired by CoStar Group in 2025 for $1.6 billion.
7. Zonda (New Home Construction Data): New home construction data, homebuilder software, and residential real estate marketplaces (NewHomeSource, Livabl). Serves over 3,000 customers including major residential builders like Lennar and Toll Brothers. Acquisition for $800 million in all-cash deal expected to close in H2 2026. Subscription-based with 104% net customer retention.
8. Land.com / Ag-Analytics: Rural real estate marketplace and agricultural land analytics. Land.com is the #1 rural real estate marketplace in the US. Ag-Analytics provides farmland analytics via AcreValue covering 48 contiguous states with data on tens of millions of parcels. Strategic alliance with Farmer Mac in agricultural credit.
9. Ten-X Commercial Real Estate Exchange: #1 online transaction technology for commercial real estate sales. United with LoopNet to deliver the most expansive pool of buyers and real-time asset intelligence powered by CoStar data, making transactions twice as fast and twice as certain.

Pricing tiers

Go-to-market motion4 records

Distribution channels8 records

Marketing channels8 records

Core offering

CoStar Group provides commercial real estate information, analytics, online marketplaces, and 3D digital twin technology through a portfolio of subscription brands including CoStar (commercial data), LoopNet (commercial marketplace), Apartments.com Network (multifamily rentals), Homes.com (residential marketplace), STR (hospitality benchmarking), Matterport (3D digital twins), and lease accounting platforms. The company serves commercial real estate professionals, multifamily operators, residential agents, hotel operators, and consumers across 86 offices in 14 countries.

Product overview

CoStar Group operates a comprehensive real estate data, analytics, and marketplace platform spanning commercial and residential property sectors. The portfolio includes flagship commercial real estate brands (CoStar, LoopNet, Ten-X, STR), multifamily rental platforms (Apartments.com network), residential marketplaces (Homes.com, OnTheMarket, Domain), 3D spatial technology (Matterport), land and agricultural platforms (Land.com, AcreValue), and lease management solutions (CoStar Real Estate Manager, Visual Lease). The company generates $3.2 billion in annual revenue across 86 offices in 14 countries, with approximately 134+ million monthly unique visitors across its platforms.

Differentiator

Problem solved

Functional benefit

Brands

• Apartments.com Network: Network of 11 leading rental sites including Apartments.com, ForRent.com, ApartmentFinder.com, and Homes.com, visited by more than 43 million renters monthly.
• Homes.com Network
• LoopNet Network
• Land.com Network
• Domain Network

Products and services

• CoStar Flagship commercial real estate information platform providing real-time property data, analytics, news, and market intelligence with comprehensive coverage of offices, hospitality, retail, and industrial properties. Sold via enterprise subscriptions to brokers, investors, lenders, and appraisers. Generated approximately $472M in Q1 2026 with ~95% subscription-based revenue and near-90% renewal rates.
• LoopNet World's leading commercial real estate online marketplace connecting tenants, investors, and brokers with properties for lease and sale. Reaches 13 million monthly global unique visitors with 6x traffic of closest competitor. Part of the LoopNet Network alongside cityfeet.com and Showcase.com.
• Homes.com Residential real estate marketplace providing home buyers, sellers, and renters with up-to-date property information, tools, and listings. Agent-direct connections to buyers and sellers. Reached 110 million average monthly unique visitors in Q4 2024 with 35,000+ agent subscribers generating $26M in Q1 2026 revenue (up 58% YoY).
• Apartments.com Network Leading multifamily rental network with the most comprehensive online rental marketplace. Network of 11 leading sites visited by 43 million renters monthly, delivering the industry's highest lead-to-lease conversion rate. Generated $1.07B in revenue in 2024, growing 17% YoY.
• Matterport World's leading 3D capture and spatial data platform turning buildings into digital twins. Manages over 50 billion square feet of space across 177 countries, powering property intelligence throughout building lifecycle from planning and construction to operations, documentation, appraisal, and marketing.
• STR Gold standard in hotel data benchmarking, analytics, and marketplace insights. Aggregates data from 94,000 hotels representing 12 million guest rooms across 190+ countries for hospitality market intelligence serving hotel brands, operators, owners, advisors, investors, banks, vendors, and destination marketing organizations.
• Ten-X #1 online transaction technology for commercial real estate sales. United with LoopNet to deliver expansive buyer pool and real-time asset intelligence powered by CoStar data, making transactions twice as fast and twice as certain.
• CoStar Real Estate Manager Leading enterprise platform for integrated lease management, lease accounting (ASC 842, IFRS 16, GASB 87/96), and transaction management. Total lease lifecycle solution with critical date management, reporting, and automated workflow from lease administration through accounting.
• Visual Lease Leading mid-market platform for integrated lease management and lease accounting. Automates lease administration and accounting with ASC 842, IFRS 16, and GASB 87/96 compliance capabilities.
• Land.com Network

Quantifiable outcome

• 60 consecutive quarters of double-digit revenue growth
• +9 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Microsoft (Azure OpenAI)coreTechnology or Integration · 16 June 2026CoStar Group's Apartments.com AI and Homes AI conversational search tools are built on Microsoft Azure OpenAI infrastructure. The company has signaled plans to extend this Microsoft Azure OpenAI infrastructure across its broader portfolio including Homes.com, representing a strategic technology partnership for AI capabilities.
• Matterport (3D Tours)coreTechnology or Integration · 16 June 2026Apartments.com AI integrates Matterport 3D Tours technology, enabling immersive virtual property tours within the conversational AI search experience. This leverages CoStar Group's $1.6B acquisition of Matterport to enhance the Apartments.com platform's visualization capabilities and lead conversion rates.
• MidOcean Partners (Zonda seller)minorOthers · 29 May 2026MidOcean Partners sold Zonda to CoStar Group for $800 million. Under MidOcean's ownership, Zonda more than doubled in scale while achieving over 50 consecutive quarters of ARR growth through nine strategic acquisitions and product expansion.
• eXp RealtycoreGTM or Marketing Partner · 28 April 2026CoStar Group announced a new partnership with eXp Realty in Q1 2026, granting 300,000 eXp Realty agents access to pre-market listings on Homes.com. This partnership significantly expands Homes.com's agent subscriber base and distribution reach within the residential brokerage community.
• Farmer MaccoreStrategic or Co-development Partner · 14 February 2025Ag-Analytics, acquired by CoStar Group in February 2025, has a strategic alliance with Farmer Mac, the nation's secondary market for agricultural credit where farm sector real estate debt totals $355 billion. Farmer Mac leverages AcreValue platform as a channel to expand agricultural lending, delivering innovative financing directly to the digital farm gate.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Zillow Group: Zillow is CoStar's primary residential marketplace competitor in the U.S. (Zillow.com, Zillow Rentals). The two companies also compete in property data, AI-powered search, and are currently engaged in a major copyright infringement lawsuit, making them direct counterparts across product, customer, and legal dimensions.
• Altus Group: Altus Group is a CRE data, analytics, and valuation platform directly comparable to CoStar's flagship commercial real estate information offering. Both companies serve brokers, appraisers, lenders, and investors with subscription-based CRE intelligence.
• REA Group: REA Group operates realestate.com.au, Australia's dominant property portal, and competes with CoStar's Domain Group in Australia. Following CoStar's $1.9B acquisition of Domain, REA is the primary competitive counterpart in the Australian residential portal market.
• Redfin: Redfin operates a residential real estate brokerage and marketplace competing directly with Homes.com. Both companies target U.S. home buyers, sellers, and agents with online listing and lead-generation offerings.
• RealPage: RealPage provides multifamily property management software, analytics, and renter-facing services that compete with Apartments.com's landlord/marketing offerings and CoStar's multifamily data products.
• Rightmove: Rightmove is the UK's leading residential property portal and a direct competitor to CoStar's OnTheMarket acquisition. Both compete for UK agent subscriptions, buyer traffic, and listing inventory.
• Move, Inc. (Realtor.com): Realtor.com is a major U.S. residential portal operated by Move, Inc. (News Corp) and a direct competitor to Homes.com. Both serve residential buyers, sellers, and agents with listings, lead generation, and data subscriptions.

Broad incumbents

• Yardi Systems: Yardi is a major provider of property management software and CRE/multifamily data, overlapping with CoStar Real Estate Manager, Apartments.com advertiser base, and STR benchmarking. Yardi serves a broad property technology portfolio versus CoStar's data and marketplace focus.

Emerging players

• Crexi: Crexi is a CRE marketplace and auction platform competing with LoopNet and Ten-X for commercial listing and transaction activity. CoStar filed a copyright infringement lawsuit against Crexi over property photograph usage, making them direct combatants in the CRE marketplace space.
• Apartment List: Apartment List is a renter-facing apartment search platform competing directly with Apartments.com. Both target U.S. renters and apartment advertisers with search, lead generation, and matching services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/CoStarGroup
• Instagraminstagram.com/costargroup
• LinkedInlinkedin.com/company/costar-group
• YouTubeyoutube.com/costargroup
• Xx.com/TheCoStarGroup

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A38 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CoStar Group