CoStar Group has added a new independent director to its board of directors. On Monday, the Andy Florance-helmed firm announced the appointment of Nana Banerjee to the firm’s board of directors. Banerjee’s appointment expands the board to nine members, including eight independent directors. “On behalf of the Board, we are pleased to welcome Nana, a […]
CoStar names Nana Banerjee to board as independent director Read More »
The pressure of even more activist investors does not appear to be enough to cause CoStar Group to change its stance on Homes.com. The Andy Florance-led firm responded to a letter sent by activist investors at D.E. Shaw & Co., LP. in a press release on Thursday, in which the company reiterated its commitment to
CoStar rebuffs D.E. Shaw, Third Point on Homes.com divestment Read More »
CoStar Group is kicking off 2026 by providing investors and analysts with a look at its plans for the new year. In a release on Wednesday, the firm provided an update on financial and corporate governance initiatives for 2026, much of which is the result of a “robust review” of the company by the Capital
CoStar forecasts Homes.com profitability in 2030 Read More »
It may have been CoStar Group’s earnings call, but Zillow, the rival of its North American residential real estate portal Homes.com, was certainly a hot topic of conversation. CoStar Group executives entered their discussion of Zillow by highlighting Homes.com’s growth over the past year, which included a 1,225% annual increase in annualized net new bookings,
CoStar can’t stop talking about Zillow as Homes.com growth surges Read More »
CoStar Group has found itself on the defendant side of a lawsuit. On Tuesday, REcore Solutions, a vendor providing licensing services for California Regional MLS (CRMLS), as well as other MLSs across the country, filed a lawsuit against the Andy Florance-helmed firm, over alleged breach of contract. In the lawsuit, REcore claims that CoStar and
REcore sues CoStar and Homes.com over alleged breach of contract Read More »
As tensions between CoStar Group and Zillow continue to heat up, Zillow has claimed that CoStar did not renew its Matterport API agreement. CoStar closed its $1.6 billion acquisition of Matterport in March, meaning that it would be up to CoStar to decide if it wanted to renew the API agreement with Zillow. Matterport and
Zillow pulls Matterport tours from its listings Read More »
In a public update on its ongoing copyright infringement legal battle with Zillow, CoStar Group is claiming that the listing portal giant is continuing to infringe on CoStar’s intellectual property by displaying CoStar owned images on its site. Filed in late July, CoStar’s lawsuit accuses Zillow of “rampant” copyright infringement of listing photos. The complaint
CoStar doubles down on Zillow in copyright lawsuit Read More »
In a public update on its ongoing copyright infringement legal battle with Zillow, CoStar Group is claiming that the listing portal giant is continuing to infringe on CoStar’s intellectual property by displaying CoStar owned images on its site. Filed in late July, CoStar’s lawsuit accuses Zillow of “rampant” copyright infringement of listing photos. The complaint
CoStar doubles down on Zillow in copyright lawsuit Read More »
Zillow has begun removing the images at the center of CoStar’s copyright infringement lawsuit from its site this week. A Zillow spokesperson confirmed that the listing portal giant is only removing images that are of issue in the lawsuit and that it is notifying partners of the removals. Additionally, the spokesperson noted that actions like
Zillow removes photos at center of CoStar suit from site Read More »
There is no doubt that CoStar Group threw everything it had into the 2024 launch of the revamped Homes.com. From Super Bowl ads that were part of the firm’s $1 billion marketing spend, to a reallocation of nearly all of its sales staff, Homes.com debuted with a bang. And then things kind of fizzled. Now,
CoStar investors say the company needs ‘meaningful self-help’ Read More »