Move trims annual loss to $12.2M

Realtor.com operator expects further revenue declines

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Dive into the latest Technology affecting RE, July 17, 2018

Realtor.com operator Move Inc. said cost-cutting measures helped the company trim its net loss to $12.2 million last year, despite a 12.4 percent decline in revenue.

Move — which posted a $34.3 million net loss in 2008 — said it expects revenue will continue to slide, from $242 million in 2008 and $212 million last year to between $186 million and $192 million this year.