Zillow sees 'breakout' quarter with revenue up 71%

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The first three months of the year were a “breakout quarter” for Zillow Inc., with revenue skyrocketing 71 percent from a year ago to $39 million, and “Premier Agent” subscriptions growing by 83 percent, to a total of 34,030. Zillow’s market capitalization has soared above $2 billion on investor expectations that the company will continue to experience meteoric growth. Shares in the company, which were trading below $25 in November, closed at $62.94 today, after trading at a 52-week high of $63.76. Source: sec.gov.