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Recovering housing sector boosts Zillow's results
August 6, 2013 / 8:40 PM / 4 years ago

Recovering housing sector boosts Zillow's results

(Reuters) - Real estate website Zillow Inc (Z.O) 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.

Reporting By Aurindom Mukherjee & Chandni Doulatramani in Bangalore; Editing by Saumyadeb Chakrabarty

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