Monday
November 24, 2014

Move Posts Jump in Revenue, Realtor.com® Traffic

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Move Posts Jump in Revenue, Realtor.com® Traffic

Move Inc., operator of realtor.com, announced that its revenue jumped 7 percent year-over-year to $58 million in the first quarter. March also represented the greatest monthly realtor.com® traffic in the company’s 20-year history. In March, realtor.com® boasted nearly 33 million unique users, according to the company’s latest quarterly statement.

“Move’s laser focus on providing consumers and real estate professionals with accurate housing information and high-quality experiences is paying off with improved growth and greater public awareness of our value,” Steve Berkowitz, Move’s CEO, said in a statement. “We have assembled a unique set of assets delivering a virtuous ecosystem to all constituencies in the marketplace. Our momentum continues to build.”

During the first quarter, realtor.com® launched its first national television campaign, which sought to drive increased traffic to the site. In March, realtor.com® attracted nearly 33 million unique users – up 21 percent year-over-year. Realtor.com® also has partnered with the National Association of REALTORS® for the first time for a marketing campaign to increase its consumer awareness. Also in the first quarter, Move Inc. launched Doorsteps Swipe, an app that allows consumers to peruse online home listings. Consumers have viewed more than 2 million homes on Doorsteps Swipe. Move Inc. also recently debuted Porch Home and Neighborhood Report, free reports that provide the remodeling project history of a specific home and its neighborhood.

Move Inc. projects that its revenue will increase to $61.5 million to $62 million for the quarter ending June 30.

Source: Move Inc.

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