In its second earnings report as a public company, online real estate site Trulia saw both higher revenue and a bigger loss than analysts had estimated. The company saw revenue of $20.6 million and a net loss of $1.59 million for the quarter ending on December 31. That’s a (non-GAAP) loss of 3 cents per share.
Revenue is up 75 percent year-over-year, while the company’s net loss has fallen from $2.5 million. In its previous earnings report, Trulia saw record revenue and had positive EBITDA (namely, it was profitable before interest, taxes, depreciation and amortization) for the first time. The company continued the pattern of positive EBITDA this quarter.
Analysts had predicted Trulia would see $19 million in revenue with a loss of 2 cents per share.
“We finished the year on a resounding note, achieving record quarterly revenue, a rapid increase in mobile traffic, and strong subscriber growth,” CEO Pete Flint said in the press release. “We are well positioned to grow in 2013 as the real estate market continues its recovery.”
Traffic and subscriptions were also up. The company said it averaged 23.6 million monthly unique users, a 50 percent year-over-year increase, with 5.8 million coming from mobile. The company ended the quarter of 24,443 subscribers (compared to 16,849 last year), and it made an average of $172 in monthly revenue from each subscriber. Users have now contributed 7 million pieces of content to the site, including 810,000 in the past quarter.
Competitor Zillow plans to announce earnings tomorrow.
Trulia gives home buyers, sellers, owners and renters the inside scoop on properties, places and real estate professionals. Trulia has unique info on the areas people want to live that can’t be found anywhere else: users can learn about agents, neighborhoods, schools, crime and even ask the local community questions. Real estate professionals use Trulia to connect with millions of transaction-ready buyers and sellers each month via our hyper local advertising services, social recommendations and top-rated mobile apps. Trulia...
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