Trulia Hits $20.6 Million In Revenues
Trulia has hit a higher-than-expected revenue for Q4 2012. The company hit $20.6 million in revenue, which is up 75% over the same quarter last year. Wall Street analysts were expecting $19.1 million according to FactSet data. Unfortunately the company still reported a loss of $1.6 million ($0.06 per share). This is better than the $0.30 per share loss from Q4 2011 though.
Revenue for the full year was $68.1 million and the company hit a net loss of $10.9 million ($0.87 per share). Trulia hit around 23.6 million unique monthly visitors for Q4, which is up 50% over Q4 2011. The company saw their mobile traffic increase 119% with 5.8 million mobile unique users per month.
Trulia subscribers are up 45% to 24,443 for Q4 2012 compared to 16,849 in Q4 2011. User generated content was up 84% with around 810,000 new contributions in 2012.
The company went public on the NYSE this past September. Trulia raised around $102 million as shares jumped over 40% above the IPO price of $17. Trulia’s market cap is at around $650.4 million.