Feb 12 Real estate website Zillow Inc
reported a 70 percent rise in quarterly revenue as a recovering
U.S. housing market boosted subscriptions.
Net income rose to $2.7 million, or 6 cents per share, in
the fourth quarter, from $549,000, or 2 cents per share, a year
Revenue rose to $58.3 million from $34.3 million.
Zillow said paid subscriptions rose 64 percent to 48,314 in
the quarter ended December. The company gets most of its revenue
from subscriptions by real estate agents who list their
properties on the site.
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Don