CoStar Group

com as its residential segment turns adjusted EBITDA positive. com as it pushes to become the top residential real estate site ARLINGTON, Va. --(BUSINESS WIRE)-- CoStar Group, Inc. com. Kusch spent the last several years running two of Europe's leading real estate portals. He was CEO of Immoweb, the number one portal in Belgium and CEO of Immowelt, the number two portal in Germany . Before that, he led M&A work at Axel Springer Digital involving a number of the continent's real estate marketplaces, and he has served on the boards of Meilleurs Agents and Lamudi.

He holds a bachelor's degree from Oxford and a master's from UCL. com's business model: they market and promote the real estate itself, rather than sell agent leads. com winning 50% more listings. com's leadership team will report to Kusch, and Kusch will report to CoStar Group Founder and Chief Executive Officer Andy Florance. com," said Andy Florance, Founder and Chief Executive Officer of CoStar Group . "He's proven that he can take on an established competitor and come out on top. Our model and his are the same: you win by putting the property and agent first, not by selling agent's leads to multiple agents.

S ." Kusch is joining CoStar Group as the residential segment posted its first profitable quarter. In the second quarter of 2026, CoStar Group's residential segment turned adjusted EBITDA positive, generating $12 million , a $41 million increase from the first quarter. com Ai, which launched in February and is now being extended across the rest of CoStar Group's portfolio. K . counterpart OnTheMarket, CoStar Group drew 118 million average monthly unique visitors in the quarter. com. "I've done that in Belgium and in Germany . Now I get to do it in the biggest residential real estate market in the world and I couldn't be more ready to get started with the CoStar Group team."

About CoStar Group CoStar Group (NASDAQ: CSGP ) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Zonda, a leading provider of data, analytics, software, and marketplace solutions for the residential construction industry; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted 118 million average monthly unique visitors in the second quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. com.