Realtor.com 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 Realtor.com 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.com.