Zillow Group turns profit in third quarter

The company earned a net income of $6.8 million in Q3 2016

Zillow Group, the operator of listing portals Zillow and Trulia, posted a profit in the third quarter after putting a long and costly lawsuit behind it. CEO Spencer Rascoff said the firm’s third-quarter performance was “terrific,” as traffic grew year over year and revenue from Premier Agent advertisers accelerated.