US real estate website Zillow's Q2 sales rise 68% to US$78.7m
Portal bidding for rival Trulia beats analyst estimates
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[NEW YORK] Zillow Inc, the real estate website that's acquiring smaller rival Trulia Inc for US$3.5 billion, reported second-quarter sales that topped analysts' estimates as traffic increased and more agents used its home listing service.
Sales rose 68 per cent to a record US$78.7 million, from US$46.9 million a year earlier, Zillow said on Tuesday in a statement. That compared with analysts' average prediction of US$76.6 million, according to data compiled by Bloomberg.
The Seattle-based company, the biggest US website for real estate agents and prospective home buyers, also raised its annual sales forecast as advertising and listing revenue surges.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
