"This was a breakaway year for Zillow in which we repeatedly delivered record revenue, traffic, and mobile usage as we significantly grew our market share as the category leader. And we've had an incredibly strong start to 2014 with another traffic record of nearly 70 million unique users in January," said Spencer Rascoff, Zillow CEO. "We're looking ahead to 2014 with significant investments in growing our audience, growing our Premier Agent business and turning up the volume in mortgages and our other emerging marketplaces.
"We've also taken a critical step forward with StreetEasy in New York, re-launching the service today as completely free, with a better user experience. We've taken a page from the Zillow playbook, empowering consumers with free data and tools to grow StreetEasy's audience and extend its leadership in the largest real estate market in the country."
Fourth Quarter 2013 Financial Highlights
-- Real Estate Revenue grew 71% to $40.5 million from $23.7 million in the fourth quarter of 2012.
-- Mortgages Revenue grew 69% to $5.3 million from $3.2 million in the fourth quarter of 2012.
* Display Revenue increased 67% to $12.5 million from $7.5 million in the fourth quarter of 2012.
-- Mortgages Revenue grew 103% to $21.8 million from $10.8 million in 2012.
* Display Revenue increased 44% to $43.3 million from $30.2 million in 2012.
2 Source: comScore Media Metrix Key Measures on the Real Estate Category, December 2013, US Data.