Zillow, Inc. announced financial results for the quarter ended March 31, 2013. "The first quarter was a breakout quarter for Zillow, as we reached new heights in traffic and Premier Agent subscriptions, leading to record revenue and exceeding our own expectations, as well as further extending our category leadership on mobile and Web," said Spencer Rascoff, CEO of Zillow, Inc.
"We are extremely excited about the massive market opportunity in front of us, and about growing our audience, our Premier Agent business, and our emerging marketplaces. We are stepping on the gas in a number of areas, playing the long game and making calculated investments in products, people and marketing that will allow us to create a massive, enduring brand," added Rascoff.
First Quarter 2013 Financial Highlights and Revenue Outlook
Zillow's full 1Q 2013 report can be found here.