Last week, Zillow reported record revenue and strong profits. But Zillow isn’t the only publicly-traded online real estate company operating in these parts.
Today, Market Leader posted its own third quarter results, showing a 50 percent uptick in revenue to $9 million. It also trimmed its net loss to $3 million from $3.4 million.
“We achieved 50 percent revenue growth despite a very challenging real estate market based on the strengths of our enhanced products for brokerage companies and their agents, our talented team, and our outstanding partners,” said CEO Ian Morris in a statement.
Zillow is moving deeper into Market Leader’s terrain with the purchase of Diverse Solutions for $7.8 million, a maker of online marketing tools for agents.
But the contrast between Zillow and Market Leader is pretty stark, at least when looking at market values.
Zillow, at last check, showed a market value of $891 million.
Market Leader’s value: $64 million.