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Strategies & Market Trends : The New Economy and its Winners

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From: Bill Harmond5/7/2014 8:01:46 PM
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07-May-14 16:33 ET In Play Zillow beats by $0.10, beats on revs (93.63 -9.29) : Reports Q1 (Mar) earnings of $0.02 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus Estimate of ($0.08); revenues rose 69.7% year/year to $66.2 mln vs the $63.28 mln consensus.
Adjusted EBITDA was $8.7 million in the first quarter of 2014, or 13% of revenue, which was an increase from $5.1 million in the first quarter of 2013, or 13% of revenue.
Record quarterly and all-time traffic, and April 2014 hit another record of nearly 79 million monthly unique users on mobile and Web (up 50% year-over-year).
Premier Agent count grew 56% year-over-year, adding 4,654 subscribers during the quarter for a total of 52,968 as of March 31, 2014.
Average monthly revenue per subscriber was a record $286, representing an increase from $259 over first quarter 2013.
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