Zillow's revenue soars as subscriptions rise

Tue May 7, 2013 4:36pm EDT

May 7 (Reuters) - Real estate website Zillow Inc reported higher quarterly revenue after subscriptions were boosted by a recovering U.S. housing market.

Revenue rose 71 percent to $39 million.

The company posted a net loss of $3.7 million, or 11 cents per share, in the first quarter, compared with a net profit of $1.7 million, or 6 cents per share, a year earlier.

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