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Move Inc. expects bump up in revenue this year

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York operator Move Inc. said it posted a $1.6 million first-quarter loss as revenue inched up 1 percent from a year ago to $49.1 million.

Operating income -- earnings before interest, taxes, stock-based compensation and charges, depreciation, and amortization (EBITDA) -- totaled $5.4 million for the quarter, a margin equal to 11 percent of revenue.

Move issued guidance saying the company expects to generate $200 million to $205 million in revenue this year with adjusted EBITDA margin of 13 to 14 percent. That projection would represent a bump up from revenue of $197.5 million in 2010, but down from peak revenue of $249 million seen in 2007, at the tail end of the housing boom.

Last year, Move negotiated a new operating agreement with the National Association of Realtors, acquired Threewide Corp. and its listings syndicator ListHub, entered into an advertising alliance with AOL, and launched a new site devoted to lending, MortgageMatch.c...