CoStar agrees to acquire Vexcel as its platforms reach 121 million monthly visitors
Key Facts
CoStar Group confirmed it had reached an agreement to acquire Vexcel, linking the deal to strengthening its proprietary data sets and expanding its global reach. In its third-quarter results statement, the company said its acquisition of Zonda and agreement to buy Vexcel demonstrate its ability to develop those data sets and that reach. The statement did not disclose the agreement’s value or details of how it would be completed. CoStar describes itself as a global provider of online real estate marketplaces, information and analytics, and 3D digital twin technology. The agreement places Vexcel’s aerial data among the data assets CoStar said it aims to strengthen.
The move comes as CoStar’s websites attract a broad audience, with an average of 121 million unique monthly visitors in the third quarter of 2026. In the same period, the group reported revenue of 952 million dollars, up 14% from 834 million dollars in the third quarter of 2025. It also posted net income of 74 million dollars, an annual increase of 105 million dollars. Adjusted earnings before interest, taxes, depreciation and amortization were 229 million dollars, double the level in the same period a year earlier. Net new bookings totaled 37 million dollars during the quarter.
Vexcel describes on its website a data program covering more than 45 countries and territories, and says its aerial imagery has a resolution of 7.5 centimeters. It also says its data covers 99.6% of the U.S. population. On June 2, 2026, the company announced a nationwide aerial imagery program at the same resolution, with collection scheduled to begin in January 2027. Vexcel said the new program would double the resolution of its broad U.S. program, from 15 centimeters to 7.5 centimeters. These figures describe the scope of Vexcel’s products and announced program, while CoStar linked the agreement to developing its data sets without announcing a specific financial impact from the deal.
Chief Executive Andy Florance said proprietary data gives the company an advantage in delivering value to information customers. He added that its global reach allows it to provide consumer-focused artificial intelligence features on its platforms "at a much lower cost than our competitors." In its results statement, the company also identified at least 200 million dollars in potential additional savings over the next twelve to eighteen months. Florance said the savings keep the company on track to reach its 1.25 billion dollar target for adjusted earnings before interest, taxes, depreciation and amortization in 2028. The statement did not specify how much the Vexcel agreement would contribute to those savings or the financial target.