Topic

CSGP

A collection of 10 issues

CoStar's Obfuscation, and AI vulnerabilities

While I used to enjoy Andy Florance’s humor during CoStar’s earnings calls, I cannot say I relished listening to the 45-minute prepared remarks by Andy Florance and almost 90-minute earnings call yesterday. Perhaps the stock being flat for almost the last seven years is not helping me find

CoStar's Outlook

Rich Simonelli, the Head of Investor Relations (IR) of CoStar, wrote only two sentences in his “About” section on LinkedIn. The first sentence reads the following: “I maximize shareholder value.” Since becoming Head of CoStar IR in August 2024, this is how CoStar performed: Hmm, not quite my tempo. In

CoStar and Zillow's Google Risk

It seems Google’s masks are off now that the regulatory monkeys are increasingly off its back! Yesterday, Inman reported: “Real estate data and analytics firm HouseCanary shook up the industry over the weekend with its Google partnership, which prominently displays ComeHome listings at the top of search results for

CoStar 3Q'25 Update

CoStar had a decent quarter, but the stock is down 15% post-earnings. To be quite frank, the market reaction is quite perplexing to me as I couldn’t quite find anything that would warrant such a drop. Here are my highlights from the call. Revenue CoStar acquired Domain for $1.

CoStar Multifamily vs Zillow Rentals

Each quarter, I closely track Zillow rentals revenue to gauge how the competitive dynamics between Zillow Rentals and CoStar multifamily segment (mainly Apartments.com) is evolving. At first glance, it may appear Zillow Rentals is really eating Apartments.com’s lunch for the last few years as Zillow Rentals revenue

Meta 2Q'25, CoStar suing Zillow, Portfolio Change

Final Reminder: Prices for new subscribers will increase to $30/month or $250/year from tomorrow. Anyone who joins by July 31, 2025 will keep today’s pricing of $20/month or $200/year. I have been publishing everyday since the beginning of this month. I hope it is clear

CoStar 2Q'25 Update

CoStar may not be a widely followed company (you can read my Deep Dive here if you’re unfamiliar), but it’s one of the earnings calls that I enjoy the most listening every quarter, primarily because CEO Andy Florance always comes up with new reasons to take a dig

MBI Daily Dose (July 08, 2025)

Companies or topics mentioned in today's Daily Dose: Therapeutic abundance, Agent Archetypes, OpenAI's SBC, Rent growth I was admittedly a bit skeptical about AI revolutionizing therapeutics. While I understood the AI’s potentially profound impact on drug discovery process, I wasn’t sure if it can

Why I am buying CoStar Group

I have started a ~3% position in CoStar (CSGP) at $71/share and would like to increase the position to ~5% if the stock goes down to ~$60. I wrote a Deep Dive on CSGP back in January 2024, so I would suggest reading my Deep Dive for a more

CoStar: The Art of Creating, Capturing, and Protecting Value

You can listen to this Deep Dive here Jeff Bezos may be the most famous graduate from Princeton’s class of 1986, but the 1986 class had another graduate, Andy Florance, who also embodied a remarkable similarity in relentless ambition. They were, in fact, Physics lab partners at Princeton. After