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High materiality9/10

CoStar closes $800M Zonda deal, expands residential data and marketplaces

Aug 21, 2026, 9:03 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Direct, material expansion of addressable market and profitability in the residential segment; potential cross-sell opportunities with Matterport; positive near-term earnings impact from higher margins and recurring revenue.

AI summary

What happened, with direct paths to the underlying reporting

CoStar Group completed its $800M cash acquisition of Zonda, integrating new construction data, builder relations, and online marketplaces (NewHomeSource.com, Livabl). The move broadens its residential data analytics and marketplace capabilities, expanding into a $400B US new-home market, potentially lifting residential profitability and margin expansion while enabling cross-sell with Matterport tech.

  • CoStar completes Zonda acquisition for $800M in cash, expanding into new home construction data.
  • Zonda adds NewHomeSource.com and Livabl, broadening CoStar's residential marketplace reach.
  • 2025 Zonda revenue about $170M; Adjusted EBITDA margin 23%.
  • Q2 2026: CoStar revenue $925M, up 18% YoY; residential revenue $444M, up 33%.
  • Deal aims to lift residential profitability and margin expansion; cross-sell with Matterport tech.

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