Shawn O’Malley and Daniel Mahncke explore CoStar Group (ticker: CSGP), the dominant provider of commercial real estate data and analytics, and assess whether the company’s massive $5 billion bet on Homes.com can successfully crack the residential real estate market dominated by Zillow, or whether this ambitious expansion will destroy shareholder value. What you’ll learn here: 00:00:00 - Intro 00:01:54 - Why the company has delivered nearly 60 consecutive quarters of double-digit revenue growth 00:09:32 - How CoStar built a dominant, near-monopoly position in commercial real estate data and analytics 00:18:35 - How CoStar generates roughly 50% profit margins on its core B2B business 00:35:45 - What makes CoStar's data moat so durable and difficult for competitors to replicate 00:45:58 - How the company's acquisition-driven strategy has fueled decades of growth 00:53:54 - Why CoStar is investing $5 billion into Homes.com to take on Zillow and Realtor.com 00:55:53 - Competitive landscape in the residential real estate marketplace 01:01:18 - Whether CoStar's massive residential bet will pay off or destroy shareholder value 01:26:41 - How Shawn and Daniel value CoStar 01:29:43 - Intrinsic value of CoStar 01:30:26 - Whether Shawn and Daniel will add CoStar to the Intrinsic Value Portfolio Transcript & Host Info: https://www.theinvestorspodcast.com/episodes/the-real-estate-data-empire-making-a-5-billion-bet-costar-group-w-shawn-omalley-daniel-mahncke/ 📨 Sign up for The Intrinsic Value Newsletter: https://www.theinvestorspodcast.com/subscribe-youtube/ 🤝 Join us in Omaha this May 1, 2026 for The Intrinsic Value Conference during Berkshire Hathaway weekend. The event is free to attend, with a social hour and live stock pitch presentation. Intrinsic Value Community members receive VIP reserved spots and a private dinner after the shareholder meeting. Learn more: https://www.intrinsicvalueconference.com Be a member: https://www.theinvestorspodcast.com/intrinsicvaluecommunity ▶️ Related Episodes - Duolingo (DUOL): Generational Opportunity or fad?: https://youtu.be/1lQNqxRHBw4 - S&P Global Stock: Valuing the Company behind the S&P 500: https://youtu.be/hAeaKoo9Q2I - Chapters Group: Billionaires bet on this potential 100-Bagger: https://youtu.be/24Fr71kKeew Listen to our episodes here: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM Visit our website: https://www.theinvestorspodcast.com/intrinsic-value-podcast/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting. #CoStarGroup #RealEstateInvesting #StockMarketAnalysis #ValueInvesting #CSGP