Industry NewsNews Brief

Move Inc. expects bump up in revenue this year

Realtor.com operator posts $1.6M Q1 loss
Published on May 5, 2011

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by CareyBot

Realtor.com operator Move Inc. said it posted a $1.6 million first-quarter loss as revenue inched up 1 percent from a year ago to $49.1 million.

Operating income -- earnings before interest, taxes, stock-based compensation and charges, depreciation, and amortization (EBITDA) -- totaled $5.4 million for the quarter, a margin equal to 11 percent of revenue.

Move issued guidance saying the company expects to generate $200 million to $205 million in revenue this year with adjusted EBITDA margin of 13 to 14 percent. That projection would represent a bump up from revenue of $197.5 million in 2010, but down from peak revenue of $249 million seen in 2007, at the tail end of the housing boom.

Last year, Move negotiated a new Realtor.com operating agreement with the Na

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