Tag Archives: costar

Matterport trimmed losses in the months before CoStar purchase

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The company’s net loss was 36 percent less than in 2023, according to Matterport’s earnings from the quarter. Revenue rose 5 percent for the quarter. Continue reading →

Matterport trimmed losses in the months before CoStar purchase

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The company’s net loss was 36 percent less than in 2023, according to Matterport’s earnings from the quarter. Revenue rose 5 percent for the quarter. Continue reading →

Growing real estate portal Movoto inks exclusive GreatSchools deal

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The deal will make Movoto the sole provider of some GreatSchools data. It also comes as portals compete to differentiate themselves. Continue reading →

CoStar Group tallies Q1 revenue growth on success of Homes.com

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The Virginia-based commercial and residential real estate behemoth released its first-quarter earnings on Tuesday, which revealed the company grew its revenue 12 percent year over year to $656 million. The company remained profitable, although its net … Continue reading →

With Matterport buy, CoStar makes it a ground game

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Digital twin creation company Matterport has sold to CoStar, parent of home search experience Homes.com and Zillow’s chief rival. The deal stands to greatly increase the amount of industry data available to the company for use in its appeal to both rea… Continue reading →

CoStar to acquire 3D scanning company Matterport for $1.6B

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Matterport’s board of directors unanimously approved the deal, which will be finalized later this year. CoStar purchased its outstanding stock for $5.50 per share, reflecting a value of $1.6 billion. Continue reading →

Realtor.com campaign makes pitch for buyer representation

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The campaign will roll out across print and digital media and comes against the backdrop of commission disruption and intense competition among portals. Continue reading →

Homes.com gets analyst boost amid 567% annual traffic spike

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Despite the initial controversy, Homes.com isn’t letting up on its traffic war with Zillow, Realtor.com and Redfin. The CoStar-owned portal reported late last week that it reached 149 million unique visitors in February, which equals a mind-boggling 56… Continue reading →

OJO acquires The LEAD Syndicate, rebrands around Movoto

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The acquisition will help OJO launch Lever by Movoto, which the company describes as an all-in-one technology platform for individual agents. Continue reading →

Redfin is beta testing its new AI search assistant Ask Redfin

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Ask Redfin, an artificial intelligence assistant for homeshoppers, is now in beta testing on the company’s mobile iOS search experience. Continue reading →