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Andrew Florance

President, Founder, Chief Executive Officer & Director, CoStar Group

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, founder and CEO of CoStar Group, discussed the company's financial performance and strategic initiatives during recent earnings calls. In the second quarter of 2026, he reported that adjusted EBITDA more than doubled year-over-year to $184 million, with revenue reaching $925 million, an 18% increase, marking the company's 61st consecutive quarter of double-digit revenue growth. He also noted that CoStar Group had reduced its projected 2026 expense base by roughly $100 million as part of active cost management. Florance addressed legal and competitive matters, stating that the FTC and multiple state attorneys general had sued Zillow over an alleged unlawful agreement in multifamily rental advertising, and that CoStar Group had separately sued Zillow for unauthorized use of copyrighted photographs. Florance also commented on market conditions and product developments. He stated his belief that the office sector had passed its nadir and was moving toward recovery, citing positive demand and absorption trends at the end of 2024. He discussed Homes.com subscriber performance, saying an analysis of the first 11,400 members showed average first-year commissions of $36,400 against an average subscription cost of $3,400, and announced that subscription fees for new customers would rise on May 1. Additionally, he expressed skepticism about a deal announced as a partnership, characterizing it as effectively a sale that he believed the FTC would likely block if reviewed as a transaction.

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