This report does not constitute a rating action. NEW YORK (S&P Global Ratings) Nov. 5, 2026--S&P Global Ratings said today that CoStar Group Inc. ’s acquisition of Vexcel further strengthens its competitive position by increasing scale and adding high-resolution aerial photograph capability to its suite of products. This transaction follows other recent large acquisitions designed to expand CoStar’s product capabilities and geographic reach, such as the purchase of Matterport for 3D digital tours, Domain to expand into Australia’s residential real estate market, and Zonda to add U.S. new residential construction data and analytics. Management recently lowered guidance (excluding Zonda contributions) due to slower organic growth in the second half of 2026, reflecting a softer real estate market than anticipated and
