US real estate website Zillow's Q2 sales rise 68% to US$78.7m

[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.