Recovering housing sector boosts Zillow's results

Tue Aug 6, 2013 4:36pm EDT

Aug 6 (Reuters) - Real estate website Zillow Inc reported a 69 percent rise in second-quarter revenue as subscriptions surged due to a rebound in the U.S housing sector.

The company posted net loss of $10.2 million, or 30 cents per share, in the second quarter, compared with a profit of $1.3 million, or 4 cents per share, a year earlier.

Revenue rose to $46.9 million.