M&A
confidence high
sentiment positive
materiality 0.80
CoStar completes $800M cash acquisition of Zonda, expanding into new home data marketplaces
COSTAR GROUP, INC.
- CoStar Group acquired Zonda for $800M cash; deal announced May 29, 2026 and now closed after regulatory approvals.
- Zonda serves 3,000+ customers; 2025 revenue ~$170M at 23% Adjusted EBITDA margin.
- Adds NewHomeSource.com and Livabl marketplaces; U.S. new home market ~$400B in annual sales.
- Q2 2026 revenue $925M (+18% YoY); Adjusted EBITDA doubled to $184M; residential revenue up 33% to $444M.
- Zonda CEO Jeff Meyers will stay on; CoStar sees synergies with Matterport's spatial tech.