President, Founder, Chief Executive Officer & Director, Costar
Search every verified Andrew Florance interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Andrew Florance, CoStar Group's CEO and founder, has been focused on the company's financial performance and strategic initiatives across its commercial and residential segments. On the Q1 2026 earnings call, Florance stated he was "never more confident" in the company's plan to deliver double-digit revenue growth and earnings expansion through 2030. He announced that Homes.com would raise subscription fees for new customers, citing data that subscribers earned an average of $36,400 more in commissions in their first year against a $3,400 annual subscription cost, which he described as an "11 times return." Florance also said the company was winding down Matterport's VHT photography business, which he characterized as a loss-making operation. Florance has been critical of competitor Zillow, alleging on the Q2 2025 call that Zillow was "questionably leveraging its market power" by forcing agents to list within 24 hours, a practice he said raised "serious antitrust concerns." He noted that Homes.com offered free boosts to listings Zillow banned. On the Q3 2025 call, he described Zillow as "under siege" from lawsuits. Florance also highlighted the pending acquisition of Domain Holdings in Australia and the expansion of LoopNet into new European markets. He announced the launch of "homes AI" in Q4 2025, which he described as a "game-changing" proprietary real estate application, and stated the company was investing in Matterport by growing its team from 30 to 90 people.
“On average, a Homes.com subscriber earned $36,400 more in commissions in their first year as a member. Against an average annual subscription cost of just $3,400, that's an 11 times return on their investment.”
“We are now seeing clear, quantifiable evidence that Homes.com business model's working and that our subscribers gain an extraordinary return on their investment. Based on these results, we will raise subscription fees for new customers on May 1st and evaluate measured potential renewal increases.”
“The activist distraction is behind us. With the noise gone, we have more focused energy than ever to spend on what matters, growing EBITDA.”
“I think the product is currently underpriced. When I look at the kind of benefit these folks are getting when they get the marketing benefit of homes.com, we're not charging enough and we need to be bolder about that pricing because we're delivering enormous value.”
CoStar Group Founder and CEO Andy Florance appeared on Bloomberg's The Close to discuss Homes Ai. Discover how Homes Ai is transforming the online home shopping experience on Homes.com, delivering an interactive, Ai-powered, and highly personalized experience that reflects how buyers naturally research and evaluate properties. Homes Ai sets itself apart from other artificial intelligence solutions by leveraging CoStar Group’s proprietary ecosystem, featuring industry-leading property data, advanced Matterport 3D digital twin technology, high-resolution images, in-depth neighborhood insights,…
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