AcquisitionsOct 27, 2026, 04:11 PM
CoStar Group to Acquire Vexcel for $730M; Q3 Revenue Up 14%
AI Summary
CoStar Group announced a definitive agreement to acquire Vexcel Group for approximately $730 million in cash. Vexcel is a leading provider of aerial imagery and geospatial data, with revenues exceeding $140 million in the last twelve months. The acquisition is expected to close in the first quarter of 2027 and be accretive to Adjusted EPS in the first full year. In addition, CoStar Group reported strong third-quarter financial results, with revenue up 14% to $952 million and Adjusted EBITDA doubling year-over-year to $229 million. The company also raised its full-year 2026 revenue and Adjusted EBITDA guidance.
Key Highlights
- CoStar Group to acquire Vexcel Group for $730 million in cash.
- Vexcel generated over $140 million in revenue in the last twelve months, up over 30% YoY.
- CoStar Group reported Q3 2026 revenue of $952 million, up 14% YoY.
- Q3 2026 net income was $74 million, up $105 million YoY.
- Q3 2026 Adjusted EBITDA was $229 million, doubling YoY.
- CoStar Group raises full-year 2026 Adjusted EBITDA guidance to $820 million - $840 million.
- CoStar Group raises full-year 2026 revenue guidance to $3.75 billion - $3.77 billion.
Price Impact
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