{"id":62876,"date":"2026-04-30T03:01:30","date_gmt":"2026-04-30T01:01:30","guid":{"rendered":"https:\/\/housesmarketplace.trio-tv.com\/costar-group-homes-com-surge-in-q1-ceo-welcomes-end-of-activist-distraction\/"},"modified":"2026-04-30T03:01:30","modified_gmt":"2026-04-30T01:01:30","slug":"costar-group-homes-com-surge-in-q1-ceo-welcomes-end-of-activist-distraction","status":"publish","type":"post","link":"https:\/\/housesmarketplace.trio-tv.com\/ru\/costar-group-homes-com-surge-in-q1-ceo-welcomes-end-of-activist-distraction\/","title":{"rendered":"CoStar Group, Homes.com surge in Q1 \u2014 CEO welcomes end of activist \u2018distraction\u2019"},"content":{"rendered":"
\n

CoStar Group<\/strong> delivered its 60th consecutive quarter of double-digit revenue growth in the first three months of 2026, posting results at the high end of guidance and raising its profit outlook for the year.<\/p>\n

The online real estate marketplace operator reported $897 million in revenue for the quarter ended March 31 \u2014 up 23% from $732 million a year earlier.<\/p>\n

Net income reached $3 million compared with a net loss of $15 million in the prior-year period.<\/p>\n

Adjusted net income rose 49% to $94 million, while adjusted EBITDA doubled to $132 million, exceeding midpoint of guidance by 26%.<\/p>\n

CEO Andrew Florance opened a Q1 earnings call by addressing activist investor efforts<\/a> that had aimed for leadership change and a pivot away from Homes.com.<\/p>\n

\u201c[The activist campaign] over the last year did weigh heavily on Homes.com sales and potential partnerships,\u201d he said. \u201cReal estate leaders were reading a steady drumbeat of negative coverage. Nonetheless, we made durable progress through it.<\/p>\n

\u201cWith that distraction now behind us, we can now apply even more focused energy to accelerating Homes.com\u00a0revenue and the revenue in every other business in the portfolio.\u201d<\/p>\n

Third Point<\/strong>, the activist investor pushing for change, sold its CoStar shares<\/a> in early April.<\/p>\n

Homes.com shows strong ROI, pricing power<\/h2>\n

Homes.com<\/a>\u00a0revenue grew 58% to $26 million in the first quarter, with agent subscribers surging to 35,175.<\/p>\n

Net new bookings for the division reached $11 million, and the March annual revenue run-rate hit $106 million \u2014 up 92% year over year.<\/p>\n

The company provided new data on member performance, analyzing the first 11,400 Homes.com subscribers. <\/p>\n

On average, a subscriber earned $36,400 more in commissions in their first year as a member against an average annual subscription cost of $3,400 \u2014 an 11-fold return on investment.<\/p>\n

Agents<\/a> who had earned $50,000 or less in the prior year saw their average commissions jump from $26,000 to $82,000 after joining, the company said.<\/p>\n

\u201cBased on these results, we will raise subscription fees for new customers on May 1 and evaluate measured potential renewal increases,\u201d Florance said.<\/p>\n

Organic traffic to\u00a0Homes.com rose 119% in the first quarter compared with the prior-year period.<\/p>\n

The company\u2019s new Homes AI application \u2014 launched in February<\/a> \u2014 drove user engagement sharply higher, according to Florance. In April, time on-site for AI users reached 18 minutes versus four minutes and 32 seconds for non-AI users.<\/p>\n

\u201cPut plainly, when consumers experience Homes AI, they spend roughly four times longer than they do on conventional residential search,\u201d Florance said. \u201cThis is precisely the dynamic that precedes meaningful consumer share shift and is exactly the proof point we expected our AI investment to produce.\u201d<\/p>\n

Residential segment nears profitability<\/h2>\n

Total residential revenue reached $425 million in the quarter, up 32% year-over-year, with organic growth of 13%.<\/p>\n

The residential segment\u2019s adjusted EBITDA improved by $56 million, and management expects the segment to reach profitability in the second quarter of 2026.<\/p>\n

Apartments.com generated $312 million in revenue, up 10% for the 15th consecutive quarter of double-digit growth.<\/p>\n

The platform delivered 220 million visits, 370,000 tours, and 300,000 applications submitted directly on the site. The monthly renewal rate held at 99%.<\/p>\n

CoStar also launched Smart Search \u2014 a natural language feature \u2014 and the first AI-powered voice search in multifamily marketplaces on\u00a0Apartments.com.<\/p>\n

Florance said renters who use SmartSearch spend 94% more time on-site and view 63% more listings.<\/p>\n

Company raises full-year expectations <\/h2>\n

For the full year 2026, CoStar reaffirmed revenue guidance of $3.78 billion to $3.82 billion \u2014 representing approximately 17% growth at the midpoint.<\/p>\n

The company raised adjusted EBITDA guidance to a range of $780 million to $820 million. <\/p>\n

\u201cThe outperformance in adjusted EBITDA was primarily due to lower personnel costs and cost-saving efforts as we continue to find efficiencies from AI, personnel and other expense initiatives,\u201d said Chief Financial Officer Christian Lown.<\/p>\n

The company repurchased 11.4 million shares for $505 million in the quarter and plans $700 million in total repurchases for 2026.<\/p>\n

Florance closed the call with an emphatic assessment of the company\u2019s trajectory.<\/p>\n

\u201cThe data this quarter across [commercial real estate], across [Apartments.com], and especially across Homes.com\u00a0confirms one thing: the strategy is working,\u201d he said. \u201cI have never been more confident in our plan to deliver double-digit revenue growth and significant earnings expansion through 2030 and beyond.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

CoStar Group delivered its 60th consecutive quarter of double-digit revenue growth in the first three months of 2026, posting results at the high end of guidance and raising its profit outlook for the year. The online real estate marketplace operator reported $897 million in revenue for the quarter ended March 31 \u2014 up 23% from […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-62876","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nCoStar Group, Homes.com surge in Q1 \u2014 CEO welcomes end of activist \u2018distraction\u2019 - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.trio-tv.com\/ru\/costar-group-homes-com-surge-in-q1-ceo-welcomes-end-of-activist-distraction\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CoStar Group, Homes.com surge in Q1 \u2014 CEO welcomes end of activist \u2018distraction\u2019 - Houses Marketplace\" \/>\n<meta property=\"og:description\" content=\"CoStar Group delivered its 60th consecutive quarter of double-digit revenue growth in the first three months of 2026, posting results at the high end of guidance and raising its profit outlook for the year. 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