Industry News

HouseValues raises first-quarter outlook

Expects $26.8 million in revenue on better-than-expected mortgage biz

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

HouseValues Inc. on Thursday raised its outlook for the first quarter of 2006 on better-than-expected progress in its mortgage business and continued strong demand for its real estate marketing services, the Kirkland, Wash.-based company said. HouseValues now expects first-quarter revenue to be approximately $26.8 million, and adjusted EBITDA to exceed $4 million, up from its previous estimates of $25.5 million to $26 million in revenue and $3 million to $3.5 million in adjusted EBITDA. ("EBITDA" stands for Earnings Before Interest, Taxes, Depreciation and Amortization.) "Our strong first-quarter revenue reflects progress in The Loan Page as well as the first quarter of revenue from HomePages," Ian Morris, HouseValues CEO, said in a statement. "HouseValues' first-quarter results demonstrate our progress with our investments in new products and towards achieving our 2006 goals." HouseValues also reiterated its expectation for all of 2006, expecting full-year revenue of between $105 ...