CoStar CEO Defends Homes.com Investment Amid Investor Criticism

CoStar Group CEO Andy Florance defended the company's investment in Homes.com during its first-quarter earnings call, despite criticism from former activist investor Third Point. The company reported a 58% increase in Homes.com revenue and added over 4,300 new subscribers in Q1 2026. CoStar plans to reduce its investment in Homes.com by 35% in 2026.

By Jake Indursky Wed, April 29, 2026 at 8:37 PM GMT+3 3 min read · Yahoo Finance · April 29, 2026, 17:37 UTC

Tickers: $CSGP

Topics: Activist Investors CoStar Group Earnings Call Homes.com Investor Relations Third Point

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