CoStar Group, homes.com surge in Q1 - CEO welcomes end of activist 'distraction'
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CoStar Group, homes.com surge in Q1 - CEO welcomes end of activist 'distraction' Third Point, the activist investor that had pushing for change, sold its CoStar shares in early April Article Summary. CoStar Group reported its 60th consecutive quarter of double-digit revenue growth, with Q1 2026 revenue of $897 million, up 23% year-over-year. Homes.com revenue grew 58% to $26 million, with agent subscribers surging 205% to 35,175. Subscribers saw an 11-fold ROI, earning $36,400 more in commissions versus $3,400 annual cost. The company raised full-year adjusted EBITDA guidance to $780-820 million. CEO Andrew Florance expressed strong confidence in the strategy through 2030. AI Summary 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 - up 23% from $732 million a year earlier. Net income reached $3 million compared with a net loss of $15 million in the prior-year period.
