Hacker Connect January 16 in New York
An event for and by the real estate tech community

Global vacation rental website operator HomeAway Inc. reports it boosted third-quarter revenue by nearly 37 percent from a year ago to $61.1 million. The Austin, Texas-based company said paid listings grew 22 percent from a year ago, to 626,528.The company launched "pay-for-performance" pricing on HomeAway.com, enabling customers to pay more to rank higher in search results. The tiered pricing is expected to boost average revenue per listing, which was up 6.7 percent from a year ago to $335.Net income totaled $2.7 million, but the company posted a $4.1 million net loss for the quarter after recognizing a $6.8 million hit to the bottom line from preferred stock dividends and discount accretion. HomeAway no longer has any preferred stock outstanding.HomeAway's U.S. websites incl...