CoStar Group Names Felix Kusch President of Homes.com
CoStar Group named Felix Kusch, the former CEO of Belgium's number one portal Immoweb and Germany's number two portal Immowelt, as President of Homes.com, reporting directly to founder and CEO Andy Florance. Kusch arrives as the residential segment posts its first profitable quarter: Q2 2026 adjusted EBITDA of $12 million, a $41 million improvement from Q1, with Homes.com revenue up 66% year over year to $28.5 million. Kusch's European portals ran the same agent-first model as Homes.com, and Florance is betting that track record of unseating incumbents can push Homes.com to the number one position in U.S.
Key figures
- Homes com revenue
- $28.5 million
- Homes com revenue yoy
- 66%
- Avg monthly unique visitors
- 118 million
- Residential adj ebitda q2 2026
- $12 million
- Residential adj ebitda qoq improvement
- $41 million
AI analysis
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