# TIVP68 (Video): CoStar Group (CSGP): The Real Estate Empire Making a $5 Billion Bet w/ Shawn O'Malley & Daniel Mahncke

Page: https://stenobird.com/podcast/the-intrinsic-value-podcast-the-investor-s-podcast-network-786362/tivp68-video-costar-group-csgp-the-real-estate-empire-making-a-5-billion-bet-w-shawn-o-malley-daniel-mahncke
Text version: https://stenobird.com/podcast/the-intrinsic-value-podcast-the-investor-s-podcast-network-786362/tivp68-video-costar-group-csgp-the-real-estate-empire-making-a-5-billion-bet-w-shawn-o-malley-daniel-mahncke.md
Podcast: [The Intrinsic Value Podcast - The Investor’s Podcast Network](https://stenobird.com/podcast/the-intrinsic-value-podcast-the-investor-s-podcast-network-786362)
Published: 2026-04-25T21:00:00+00:00
Episode link: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/traffic.megaphone.fm/PPLLC8037868725.mp3
Audio file: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/traffic.megaphone.fm/PPLLC8037868725.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-intrinsic-value-podcast-the-investor-s-podcast-network-786362/episodes/tivp68-video-costar-group-csgp-the-real-estate-empire-making-a-5-billion-bet-w-shawn-o-malley-daniel-mahncke
Duration seconds: 5809

## Resource

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. IN THIS EPISODE YOU’LL LEARN: (00:00:00) Intro (00:01:42) Why the company has delivered nearly 60 consecutive quarters of double-digit revenue growth (00:09:17) How CoStar built a dominant, near-monopoly position in commercial real estate data and analytics (00:18:30) How CoStar generates roughly 50% profit margins on its core B2B business (00:44:12) What makes CoStar's data moat so durable and difficult for competitors to replicate (00:48:12) How the company's acquisition-driven strategy has fueled decades of growth (00:56:22) Why CoStar is investing $5 billion into Homes.com to take on Zillow and Realtor.com 00:58:21) Competitive landscape in the residential real estate marketplace (01:08:41) Whether CoStar's massive residential bet will pay off or destroy shareholder value (01:23:57) How Shawn and Daniel value CoStar and whether CSGP belongs in the portfolio Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join ⁠⁠The Intrinsic Value Conference⁠⁠ in Omaha this May 1, 2026! Learn how to join us in Omaha for the Berkshire meeting ⁠⁠⁠here⁠⁠⁠. Join the exclusive ⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Shawn, Kyle, Daniel, and the other community members. Track ⁠The Intrinsic Value Portfolio⁠. Costar pitch on the ⁠Value Investors Club⁠. Drew Cohen’s⁠ podcast on CoStar⁠. Follow Daniel on ⁠⁠X⁠⁠ and ⁠⁠Li…

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