Zillow Announces Record Fourth Quarter and Full Year 2012 Results
Today, Zillow is announcing results for the fourth quarter and full year 2012.
It was another record quarter, capping off an exceptional year. You can read the full press release on our investor relations website, but here are some highlights:
- Record Total Revenue of $34.3 million during the quarter, up 73% over fourth quarter 2011.
- Record Marketplace Revenue of $26.8 million, up 95% over fourth quarter 2011.
- Quarterly traffic grew 47% year-over-year to 34.5 million average monthly unique users, with more than 50% of visits coming from mobile devices in December. Additionally, January 2013 reached record traffic levels of nearly 46 million monthly unique users.
- Total Revenue in 2012 reached $116.9 million, up 77% over 2011. Marketplace Revenue increased 105% year-over-year to $86.7 in 2012.
During the quarter, we completed three acquisitions: Mortech, Inc., a Lincoln, Nebraska-based software and services company that provides a CRM and pricing engine to the mortgage industry; HotPads, a San Francisco-based consumer rentals shopping site and suite of mobile apps; and Buyfolio, a New York City-based online and mobile collaborative shopping tool.
Since the close of the quarter, we entered the home improvement marketplace with the launch of Zillow Digs on iPad and the Web. We also announced that, starting in the second quarter, Zillow will be the exclusive provider of all real estate listings for HGTV’s FrontDoor, giving agents and brokerages that list on Zillow substantial additional marketing for their listings.
It was a great end to a year of tremendous growth for Zillow, and we’re excited for the start of 2013 and what’s to come. Please join myself and Zillow CFO Chad Cohen for our fourth quarter conference call today at 2 p.m. PST/5 p.m. EST. 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 users, our customers and, as always, the incredible team at Zillow for a great year.