Industry NewsTechnology

Market Leader revenue rises for 5th straight quarter

Keller Williams deal, ActiveRain expected to drive growth
Published on May 4, 2011

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by CareyBot

Online marketing and "software as a service" company Market Leader Inc. posted a $4.3 million net loss during the first quarter, even as revenue grew by 25 percent from a year ago, to $7.2 million.

Market Leader -- which closed out 2010 with a $14.3 million loss for the year -- is transitioning from selling leads generated by sites like HouseValues.com to providing customized websites and tools for agents and brokers.

The company said in a regulatory filing Tuesday that revenue from its software-as-a-service products was up 61 percent from a year ago during the first quarter, and that the company has seen five consecutive quarters of revenue growth.

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