Homestore, the National Association of Realtors-affiliated company that runs home-search site Realtor.com and other Web sites, today reported a net loss of $4.57 million for the third quarter, which compares to a $4.26 million net loss in the second quarter and a $30.58 million loss in third-quarter 2003. The net loss for the nine months ended Sept. 30 for this year was $13.9 million, compared with a net loss of $35.1 million for the first nine months of 2003. "During the third quarter, we made progress on many key financial measures, including revenue growth, improved segment profitability, and increased liquidity," said Mike Long, Homestore CEO. "We also made significant improvement in overall profitability, although these results are somewhat masked by unusual and non-recurring costs ...
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