CoStar's Bright Outlook: Homes.com Revenue Soars

CoStar Groups Q1 earnings show a significant turnaround, with revenue up 23% to $897 million and net income swinging to $3 million from a $15 million loss last year. Adjusted EBITDA doubled to $132 million. Despite activist investor Third Points pressure, CoStar is now focusing on profitability, cutting investment in Homes.com by 35% to $550 million in 2026. Homes.com revenue surged 58% to $26 million in Q1, with over 4,300 new subscribers and $11 million in fresh bookings. Traffic doubled year-over-year, and subscribers earn $36,000 extra in commissions their first year. CoStar aims for steady gains, sticking to the Homes.com playbook while trimming costs for long-term payoff. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3ade7777d52e5481