Record Mobile Usage and Traffic Contribute to Record Q2 Results
Today, Zillow announced results for second quarter 2012 — another excellent quarter for Zillow, with mobile and desktop growth contributing to record revenue.
- Record total revenue of $27.8 million, up 75% year-over-year.
- Record Marketplace Revenue of $19.6 million, up 102% year-over-year.
- Record usage across mobile and Web, with more homes now viewed via Zillow on a mobile device than on a desktop. In July, 168 million homes were viewed on Zillow via a mobile device – that’s 63 homes per second. This compares to 21 homes per second when we went public just over a year ago.
This quarter, we also made significant progress in our strategic evolution to offer a suite of services to local real estate and rental professionals better manage and market their businesses. (Yesterday’s New York Times article chronicled Zillow’s progress if you’d like some more background). For example, in May, we launched Premier Agent Websites, which have already been adopted by thousands of agents across the country.
Zillow CFO Chad Cohen and I are hosting our second quarter conference call at 2 p.m. PDT/5 p.m. EDT today and will go into greater detail and you’re invited to listen in. A link to the webcast is located in the Investor Relations section of the Zillow website and a replay also will be available after the call.
Thanks to our employees, users and professional partners for their help in achieving an excellent quarter for Zillow.