News Column

Trulia Reports First Quarter 2014 Results

May 16, 2014



By a News Reporter-Staff News Editor at Real Estate Weekly News -- Trulia, Inc. (NYSE:TRLA), a leading online marketplace for home buyers, sellers, renters and real estate professionals, announced financial results for the first quarter ended March 31, 2014.

"In Q1 we added more than 7,000 subscribers, which is a record for the company and continues to demonstrate the momentum we are gaining amongst agents who want to connect with transaction-ready buyers and sellers," said Pete Flint, Chief Executive Officer of Trulia. "In the real estate category, agents want to be in front of the most qualified consumers where they receive high quality leads. We now have approximately 66,700 agents using Trulia to drive their business, build a pipeline of clients and close more deals by reaching the nearly 50 million unique visitors that are expected to come to Trulia in the month of April." Financial Highlights - First Quarter 2014 (financials include Market Leader) Total revenue for the first quarter of 2014 was $54.5 million, up 127% year-over-year.

Marketplace revenue of $45.8 million, up 155% year-over-year.

Media revenue of $8.7 million, up 45% year-over-year.

Net loss attributable to common stockholders for the first quarter of 2014 was $15.2 million, or $0.41 per share on a basic and diluted basis, compared with a net loss of $2.0 million, or $0.07 per share on a basic and diluted basis, for the first quarter of 2013.

Adjusted EBITDA for the first quarter of 2014 was $2.8 million, compared with $1.2 million for the first quarter of 2013.

Adjusted net loss attributable to common stockholders for the first quarter of 2014 was $5.3 million, or $0.14 per share on a basic and diluted basis, compared with an adjusted net loss attributable to common stockholders of $0.6 million, or $0.02 per share on a basic and diluted basis, for the first quarter of 2013. Key Business Metrics (metrics include Market Leader) Monthly unique visitors in the first quarter of 2014 were 44.6 million, an increase of 42% from 31.4 million in the same period last year.

Mobile monthly unique visitors in the first quarter of 2014 were 19.0 million, an increase of 68% from 11.4 million in the same period last year.

Total subscribers as of March 31, 2014 were approximately 66,700*, an increase from the approximately 59,700 as of December 31, 2013.

Average monthly revenue per subscriber for the first quarter of 2014 was $196, a 5% increase from $187 in the same period last year and a $4 increase from the fourth quarter of 2013.

Keywords for this news article include: Trulia Inc, Real Estate.

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Source: Real Estate Weekly News


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