Technology

Move sees accelerating double-digit revenue growth

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

Realtor.com operator Move Inc. today reported second-quarter revenue was up 17 percent from a year ago to $57.5 million -- the biggest quarterly year-over-year growth since 2006 and the seventh straight quarter of quarter-to-quarter growth. Net income fell 68 percent, to $466,000, as operating expenses also increased by 13.5 percent, to $43.6 million. Move upped its revenue growth projection for 2013. The company now expects revenue to grow by 14 percent this year, to between $227 million and $228 million, with about $58 million in revenue projected for the end of the third quarter. "The second quarter was a strong quarter for Move, with both consumer advertising revenue and software and services revenue growing well, resulting in our seventh straight quarter of sequential revenue growth," Move CEO Steve Berkowitz said in a statement. "We are very excited about our continued growth and believe we are in a great position to capitalize on the healthy market opportunity in fro...