Industry NewsTechnology

Move turns a profit on sagging revenue

Realtor.com operator testing ads next to listings
Published on Aug 9, 2011

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by CareyBot

Realtor.com operator Move Inc. reported a $1.2 million second-quarter profit despite a slight decline in revenue from the same period a year ago.

The 2 percent year-over-year decline in revenue, to $48.9 million, was partly the result of a decline in subscribers to the company's lead generation and marketing tool, Top Producer 8i, the company said.

Top Producer's Market Snapshot and Market Builder products also brought in less revenue "due to reduced spending by real estate professionals," the company said, and revenue from enhanced listings also dropped.

Move has