Zillow Reports Record Revenues and Traffic in Q3
Today, Zillow announced our third quarter results. I am pleased to report it was another outstanding quarter for Zillow with record revenues, traffic and mobile usage. It also marked our fifth consecutive quarter of adjusted EBITDA profitability.
You can read the entire press release in the Investor Relations section of the Zillow website, but here are a few highlights:
• Record revenues of $19.1 million, up 132% year-over-year.
• Record Marketplace Revenues of $11.8 million, up 226% year-over-year.
• Record traffic and mobile usage: average monthly unique users of 24.2 million, up 101% year-over-year.
• Today, we also announced our acquisition of Diverse Solutions, an Irvine, CA-based company, which helps real estate agents better market their businesses and improve their personal websites. You can read more about the acquisition in our press release or in the blog post.
I’d like to thank our employees, users and professional partners for their active role in helping us to achieve this rapid growth and simply outstanding quarter.
Zillow CFO Chad Cohen and I are hosting our third quarter conference call at 2 p.m. PDT/5 p.m. EDT today 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.