Realtor.com operator Move Inc. posted first-quarter revenue of $58 million, up 7 percent from the same period last year, according to its latest earnings report released today.

A 6 percent year-over-year increase in the amount real estate pros paid to advertise with the firm (to $44.8 million) and a 10 percent increase in the amount pros paid to use its software and services (to $13.2 million) fueled the revenue jump.

“Move’s laser focus on providing consumers and real estate professionals with accurate housing information and high-quality experiences is paying off with improved growth and greater public awareness of our value,” said Steve Berkowitz, Move’s CEO, in a statement.

Despite the revenue increase, Move posted a net loss of $5.2 million in the first quarter due, in part, to a 17.2 percent year-over-year jump in sales and marketing expenses associated with the firm’s first-ever national marketing campaign for realtor.com.

Move also reported that Web traffic to realtor.com hit an all-time high in March with 33 million unique visitors. Although that total is more than the 23.8 million unique visitors comScore reported to all the sites in Move’s network captured in March, the two firms calculate unique visitors differently.

ComScore calculates unique visitors only once whether they access a site via a desktop computer, one or more mobile devices or multiple browsers. Move, on the other hand, notes in its earnings report that it tallies unique visitors by device and browsers.

Source: Move Inc.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription