Zillow Reports Record Revenue and Mobile Traffic in Q4
Zillow just released our results for the fourth quarter and full year 2011. You can read the press release in the “Investors” section of our site; meanwhile here are a few highlights.
The fourth quarter was excellent for Zillow, capping off a landmark year in which we went public and delivered record performance across multiple metrics. In Q4, Zillow broke records for revenue, traffic and mobile usage, contributing to our first full year of GAAP profitability. Other Q4 highlights include:
- Record revenue of $19.9 million, up 108% year-over-year.
- Record Marketplace revenue of $13.7 million, up 169% year-over-year.
- Average monthly unique users grew 86% to 23.5 million in Q4. In addition, January 2012 was a record traffic month with 31.7 million unique users, up 102% year-over-year.
- Mobile usage continues to grow substantially. In December, homes were viewed on Zillow Mobile nearly 100 million times, or 36 homes per second. This grew in January to 53 homes viewed per second.
Zillow CFO Chad Cohen and I are hosting our fourth quarter conference call at 2 p.m. PST/5 p.m. EST today and you’re invited to listen in. A link to the webcast is located in the Investor section of our site and a replay will also be available after the call.
I’d like to thank our employees, real estate partners and users for your active roles in such an outstanding year. We’re excited for what’s in store for 2012.