Real estate search portal Zillow boosted website and mobile traffic to new highs and added nearly 5,000 real estate agents to its subscriber base in the first three months of the year, helping the company surprise analysts with a 70 percent jump in revenue from a year ago, to $66.2 million. Those gains came at a price, as a massive 2014 consumer marketing campaign helped drive a $6.3 million first-quarter loss-- less than analysts had predicted. Investors bid up Zillow's share price in after-hours trading, helping the company's share price recoup some of the 9 percent loss for the day. At 52,968, the number of Zillow "Premier Agent" subscribers at the end of March was up 56 percent from a year ago. The portal grew its subscriber base by 4,654 agents in the first 90 days of the year, ...
May 1, 2014 by Paul Hagey
May 5, 2014 by Paul Hagey