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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Realtor continued to gain audience share with visits to its properties reaching 29% of total visits to all real estate portals in quarter 2, more than triple that of homes.com and double that of Redfin, while narrowing the gap versus Zillow.”
News Corp positions Realtor.com's engagement well ahead of CoStar's Homes.com, a competitive read-through in residential real estate portals.
“Realtor has also gained audience share with total visits reaching over double that of Homes.com and that of Redfin, while narrowing the gap versus Zillow.”
Realtor.com reports total visits more than double CoStar's Homes.com, a competitive read-through for CoStar's residential portal.
“Realtor's reach has extended despite the depressed markets with the share of visits significantly expanding in June when there were 256 million visits, 4x that of Homes.com and more than twice that of Redfin according to comScore.”
News Corp cites comScore data showing Realtor.com's June site visits were 4x those of CoStar-owned Homes.com, positioning it as a trailing competitor in real estate listing traffic.
“a 3.7x traffic advantage over Homes.com and 2.7x greater than Redfin.”
Realtor.com reports a 3.7x traffic advantage over CoStar Group's Homes.com per comScore, indicating Homes.com is losing ground in real-estate portal traffic share despite CoStar's heavy marketing investment in the brand.
“according to CoStar data, approximately 7% of proposed data center activity is within 20 miles of a Vulcan”
Vulcan cites CoStar data to quantify how much planned data-center construction activity is near its aggregates facilities, supporting its demand outlook.
“This transformative home search experience is powered by Microsoft Azure OpenAI advanced AI models, integrated with several other large and small models including some models from AWS as well as our own proprietary AI model.”
CoStar's Homes AI also uses AI models from AWS (Amazon) as a supplementary model supplier.
“This transformative home search experience is powered by Microsoft Azure OpenAI advanced AI models, integrated with several other large and small models including some models from AWS as well as our own proprietary AI model.”
CoStar's Homes AI runs on Microsoft Azure OpenAI models as a primary AI model supplier.
“We estimate that Redfin had about 4,500 apartment properties, marketing on their platform that were not already on Apartments.com.”
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Alexei Gogolev | JPMorgan | 3 (0%) |
| Peter Christiansen | Citigroup | 3 (0%) |
| Jeff Meuler | Robert W. Baird | 3 (67%) |
| Steve Sheldon | William Blair | 3 (0%) |
| Ryan Tomasello | KBW | 3 (67%) |
| George Tong | Goldman Sachs | 2 (0%) |
| John Campbell | Stephens | 2 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| KBW | 1 | 3 (67%) |
| Robert W. Baird | 1 | 3 (67%) |
| William Blair | 1 | 3 (0%) |
| JPMorgan | 1 |
CoStar is taking apartment-listing share from Redfin, signing roughly 1,200 of Redfin's ~4,500 apartment properties to Apartments.com.
“comScore's data that showed that Zillow's rental traffic was down 48% year-over-year, and Zillow's partner Redfin rentals, was down 46% year-over-year.”
CoStar frames rival Zillow's rental traffic as declining sharply while Apartments.com traffic grows, implying competitive weakness at Zillow.
“Domain and REA Group offers products similar to LoopNet, I do not believe that they're on par with what LoopNet offers”
CoStar positions Australian market leader REA Group as a competitor to its newly acquired Domain, but argues REA's commercial products trail LoopNet.
“We closed the acquisition of Domain in August”
CoStar closed its acquisition of Australian portal Domain, its entry point to bring Homes.com, CoStar and LoopNet to the Australian market.
“prior to merging with CoStar, Matterport was a world-class transformative technology held back by lack of focus on go-to-market strategy”
CoStar frames its acquisition of Matterport as unlocking an underscaled but world-class digital-twin technology it now plans to scale across its sales force.
“we're doing it in partnership with Microsoft”
CoStar built its Homes.com AI Smart Search capability in partnership with Microsoft, a technology-collaboration read-through for Microsoft's AI platform.
“When the Compass-Anywhere merger is completed, the combined company will be, by far, the largest real estate brokerage in the U.S.”
Anywhere Real Estate is merging with Compass to form the largest U.S. residential brokerage, consolidating significant listing content.
“When the Compass-Anywhere merger is completed, the combined company will be, by far, the largest real estate brokerage in the U.S.”
CoStar notes Compass's defensive merger with Anywhere will create by far the largest U.S. brokerage, giving Compass major listing-content leverage over Zillow.
“the United States Federal Trade Commission filed suit against Zillow Group and Redfin over an illegal agreement to suppress competition”
The FTC sued Zillow and Redfin over a multifamily-advertising agreement it alleges suppressed competition, exposing Redfin to a potential unwinding of the deal.
“Zillow is under siege facing an unprecedented wave of lawsuits”
CoStar highlights five federal lawsuits against Zillow (antitrust, copyright, consumer-deception), arguing Zillow faces major legal and regulatory risk to its lead-diversion model.
| 3 (0%) |
| Citigroup | 1 | 3 (0%) |
| Goldman Sachs | 1 | 2 (0%) |
| Stephens | 1 | 2 (0%) |
CoStar Group delivered Q4 revenue up approximately 27% year-over-year, with the company introducing new FY2026 guidance of $3.78 to $3.82 billion in revenue and $740 to $800 million in EBITDA, representing approximately 19% revenue growth and 74% EBITDA growth. GAAP OI grew approximately 24% while EPS was impacted by Homes.com investment and acquisition-related costs. Competitive positioning strengthened as Homes.com gained momentum and the AI-powered smart search launched.
Subscriber Growth | Pricing | Revenue Growth | Competitive Dynamics | Capex Investment | Capital Allocation | Product Launch | Regulation Policy | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | |
| 2025Q1 | 2 | 1 | 1 | 2 | 1 | 1 | 2 | |
| 2025Q2 | 4 | 3 | 2 | 1 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | |
|---|---|---|---|
| Subscriber Growth | 2 | 2 | 4 |
| Pricing | 2 | 1 | 3 |
| Revenue Growth | 2 | 1 | 2 |
| Competitive Dynamics | 1 | 2 | 1 |
| Capex Investment | 1 | 1 | 1 |
| Capital Allocation | 1 | 1 | |
| Product Launch | 1 | 1 | |
| Regulation Policy | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
CSGP CoStar Group | 10 | +22.5% | |
| CBRE CBRE Group | 10 | +18.1% |