Business
CoStar Group Reiterates Strategic Initiatives to Prioritize Profitable Growth and Increase Long-term Stockholder Value
ARLINGTON, Va., January 28, 2026--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets, today issued the following statement in response to the letter issued by Third Point LLC ("Third Point").
About this update from Costar Group, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1167,"height":204,"url":"https://media.zenfs.com/en/business-wire.com/1dfc45af821d7ea091d6cfd7c334db53"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dTX.P2TCDKWiCT52mOy5Tg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE2ODtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/1dfc45af821d7ea091d6cfd7c334db53","width":960,"height":168},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/qupH3QEGEjv2l8NaOjyMCQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIzMzQ7aD00MDg7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/1dfc45af821d7ea091d6cfd7c334db53","width":1167,"height":204}},"lazy":false},{"type":"text","content":"Key Business, Financial, and Corporate Governance Initiatives Announced in January 2026 Unanimously Approved by the Board and Capital Allocation Committee","length":154,"tagName":"p","attribs":{}},{"type":"text","content":"Responds to Recent Letter from Third Point","length":42,"tagName":"p","attribs":{}},{"type":"text","content":"ARLINGTON, Va., January 28, 2026--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets, today issued the following statement in response to the letter issued by Third Point LLC ("Third Point").","length":336,"tagName":"p"},{"type":"text","content":"The CoStar Group Board of Directors and management team are taking decisive action to prioritize profitable growth and increase long-term value for all stockholders. Over the last nine months, the CoStar Group Board and management team have conducted extensive engagement with holders of a vast majority of the Company’s outstanding shares, including Third Point. The feedback from these engagements has informed the meaningful steps we have taken to extend our track record of stockholder value creation, including:","length":516,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Adding three new independent directors to the Board – including two designated by Third Point and D.E. Shaw. As a result, 50% of the CoStar Group directors have been appointed in the last three years.","length":200,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"le...