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Thursday, August 9, 2012 - Page updated at 05:00 p.m.
Zillow reports record revenue in 2Q
Seattle Times technology staff
Seattle online real-estate company Zillow reported record revenue of $27.8 million in its second quarter results Tuesday, up 75 percent year over year.
In its fifth quarter since the company went public last July, Zillow posted quarterly profit of $1.3 million, which includes transaction costs of about $700,000 for the acquisition of RentJuice. The deal closed during the quarter. The profit was below the $1.6 million posted in the year-ago period.
Diluted earnings per share was 4 cents, compared with zero in the second quarter of last year.
Of note, Zillow said it has tipped toward mobile with more homes now viewed via Zillow on a mobile device than on a desktop. In July, 168 million homes — or 63 homes per second — were viewed on Zillow via a mobile device, according to the company.
Average monthly unique users reached 33.5 million, up 61 percent.
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