Zillow Q2 Earnings Beat Analyst Estimates (Slightly) With $27.8M In Revenue, $1.3M Net Income
Anthony Ha is a writer at TechCrunch, where he covers media, advertising, and startups. Previously, he was a staff technology writer at Adweek, worked as a senior editor at the tech blog VentureBeat, and was also a reporter at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing.... ? Learn More Online real estate site Zillow came out slightly ahead of analyst predictions in its second quarter earnings results, reporting $27.8 million in revenue and earnings of 5 cents per share. Wall Street estimates had put revenue at $27.1 million and earnings at 4 cents per share. Net income was $1.3 million, down from $1.6 million during the same period last year. The revenue numbers mark another revenue record for Zillow — the previous record was last quarter’s $22.8 million. That’s also a 75 percent increase over Q2 2011. In the earnings press release, CEO Spencer Rascoff says: “Zillow had an excellent second...