An Interest In:
Web News this Week
- April 27, 2024
- April 26, 2024
- April 25, 2024
- April 24, 2024
- April 23, 2024
- April 22, 2024
- April 21, 2024
Some of Our Sources
- TutsPlus - Code
- Smashing Magazine
- Six Revisions
- Web Designer Depot
- FanExtra - PSD
- Crazy Leaf Design
- Web Design Ledger
- CSS Globe
- Design Modo
- Daily Now
Help Webnuz
Referal links:
February 13, 2014 02:49 am GMT
Zillow today announced its Q4 2013 earnings. The company booked $58.3 million in revenue (up 70% year-over-year) for a GAAP earnings per share of $0.07 and non-GAAP EPS of $0.20. Net income was $2.7 million. In the year-ago quarter, Zillow reported earnings of $34.3 million and not income of $0.5 million. For all of 2013, the company reported record revenue of $197.5 million, up 69% year-over-year. The analyst consensus ahead of the earnings was that the company would report revenue of about $56.18 million and earnings per share of $0.07, a 12 percent drop from the year-ago-quarter. In previous quarters, the company reported record traffic to its site, as well as large growth for its mobile apps. Despite record earnings, however, the increased advertising expenses that drove this traffic meant the company reported a net loss of about $1.2 million in the last quarter. For the full FY 2013, Zillow today reported a loss of $12.5 million and once again, the company noted that this was “due primarily to previously announced investment in advertising.” This time around, Zillow’s traffic once again grew to new record levels – which was surely also driven by the slowly recovering real-estate market. In total, quarterly traffic grew 57% year-over-year, to 54.4 million average monthly uniques on mobile and Web. In January 2013, the company says, it reached a new record with 70 million unique users and in an interview after the earnings hit, Rascoff stressed that mobile is now also a large driver of the company’s revenue growth. As for Zillow’s recent emphasis on rentals, Rascoff noted that it’s still a relatively small driver of the company’s revenue right now, but he expect this to grow fast. “This was a breakaway year forZillowin which we repeatedly delivered record revenue, traffic, and mobile usage as we significantly grew our market share as the category leader. And we’ve had an incredibly strong start to 2014 with another traffic record of nearly 70 million unique users in January,” saidSpencer Rascoff,ZillowCEO in today’s announcement. Rascoff also stressed that the site is now significantly larger than any of its competitors and that it will continue to invest in growing its audience rapidly. Besides reporting its earnings today, Zillow also announced that it is relaunching StreetEasy, the New York City-centric real-estate site it acquired for $50 million in August 2013. The service is getting a complete redesign, but maybe even
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4UI4D4QXY68/
Zillow Reports Record Q4 2013 Earnings, Relaunches NYC-Focused StreetEasy As Free Service
Zillow today announced its Q4 2013 earnings. The company booked $58.3 million in revenue (up 70% year-over-year) for a GAAP earnings per share of $0.07 and non-GAAP EPS of $0.20. Net income was $2.7 million. In the year-ago quarter, Zillow reported earnings of $34.3 million and not income of $0.5 million. For all of 2013, the company reported record revenue of $197.5 million, up 69% year-over-year. The analyst consensus ahead of the earnings was that the company would report revenue of about $56.18 million and earnings per share of $0.07, a 12 percent drop from the year-ago-quarter. In previous quarters, the company reported record traffic to its site, as well as large growth for its mobile apps. Despite record earnings, however, the increased advertising expenses that drove this traffic meant the company reported a net loss of about $1.2 million in the last quarter. For the full FY 2013, Zillow today reported a loss of $12.5 million and once again, the company noted that this was “due primarily to previously announced investment in advertising.” This time around, Zillow’s traffic once again grew to new record levels – which was surely also driven by the slowly recovering real-estate market. In total, quarterly traffic grew 57% year-over-year, to 54.4 million average monthly uniques on mobile and Web. In January 2013, the company says, it reached a new record with 70 million unique users and in an interview after the earnings hit, Rascoff stressed that mobile is now also a large driver of the company’s revenue growth. As for Zillow’s recent emphasis on rentals, Rascoff noted that it’s still a relatively small driver of the company’s revenue right now, but he expect this to grow fast. “This was a breakaway year forZillowin which we repeatedly delivered record revenue, traffic, and mobile usage as we significantly grew our market share as the category leader. And we’ve had an incredibly strong start to 2014 with another traffic record of nearly 70 million unique users in January,” saidSpencer Rascoff,ZillowCEO in today’s announcement. Rascoff also stressed that the site is now significantly larger than any of its competitors and that it will continue to invest in growing its audience rapidly. Besides reporting its earnings today, Zillow also announced that it is relaunching StreetEasy, the New York City-centric real-estate site it acquired for $50 million in August 2013. The service is getting a complete redesign, but maybe evenOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/4UI4D4QXY68/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch