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Zillow posts bigger loss as it spends more on advertising
May 7, 2014 / 8:46 PM / 4 years ago

Zillow posts bigger loss as it spends more on advertising

May 7 (Reuters) - Zillow Inc posted a bigger quarterly loss as the real estate website operator spent more on advertising to attract more people to its site.

Zillow’s net loss widened to $6.3 million, or 16 cents per share, in the first quarter ended March 31 from $3.7 million, or 11 cents per share, a year earlier.

Revenue jumped 70 percent to $66.2 million.

Zillow said in February that it would forego some profitability in the near-term to boost market share. (Reporting by Sampad Patnaik in Bangalore; Editing by Joyjeet Das and Saumyadeb Chakrabarty)

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