Brind.
  1. CoStar Group is expanding its portfolio through acquisitions of several real estate and technology platforms, including Domain, LoopNet, Homes.com, Apartments.com, and Matterport.

CoStar Group funds Homes.com to challenge Zillow amid core business strength

1 report, 1 independent Updated Oct 7
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

CoStar Group is funding Homes.com as part of a strategy to challenge Zillow while integrating its core suite brands. The company's core business, which includes LoopNet and Apartments.com, is described as a fortress with growing revenue and high margins.

From insidermonkey.com

Why it matters

Some supportBrind's analysis of the reports

CoStar Group's commercial data business is highly profitable, with adjusted operating profit more than doubling last quarter. However, the billions invested in Homes.com to compete with Zillow have reportedly buried the company's overall reported earnings.

CoStar Group is expanding its portfolio through acquisitions of several real estate and technology platforms, including Domain, LoopNet, Homes.com, Apartments.com, and Matterport.

From insidermonkey.com

Who's involved

  • CoStar GroupLeading global provider of commercial and residential real estate information and analytics.
  • LoopNetOnline marketplace for commercial property for sale and lease.
  • Homes.comAmerican real estate website receiving massive funding to challenge Zillow.
  • Apartments.comMajor subsidiary brand providing rental listings.
  • ZillowOnline real estate database that Homes.com actively competes against.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • CoStar GroupSpeculative

    The Homes.com investment might negatively impact CoStar Group's reported earnings.

  • Homes.comSpeculative

    Homes.com might increase market share demand as it receives funding to compete with Zillow.

Keep exploring

Part of

CoStar Group is expanding its portfolio through acquisitions of several real estate and technology platforms, including Domain, LoopNet, Homes.com, Apartments.com, and Matterport.

Also in this story

All 5 developments

The entities involved

Coverage

Newest first; wire copies grouped