Industry NewsTechnology

Market Leader revenue rises for 5th straight quarter

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Online marketing and "software as a service" company Market Leader Inc. posted a $4.3 million net loss during the first quarter, even as revenue grew by 25 percent from a year ago, to $7.2 million.Market Leader -- which closed out 2010 with a $14.3 million loss for the year -- is transitioning from selling leads generated by sites like HouseValues.com to providing customized websites and tools for agents and brokers.The company said in a regulatory filing Tuesday that revenue from its software-as-a-service products was up 61 percent from a year ago during the first quarter, and that the company has seen five consecutive quarters of revenue growth.That's due in part to the fact that Market Leader is now including revenue and expenses generated by real estate blogging network ActiveRain in its results, after becoming the majority stakeholder in the company in September. Before paying $450,000 to boost its ownership of ActiveRain's outstanding voting stock from 34 percent to 51 ...