ZillowGroup-squareZillow, the Seattle-based online real estate service, is already enjoying some benefits from acquiring its largest competitor, Trulia, in February — but it hasn’t been easy.

The company brought in $171.3 million in revenue in Q2, up from the $168.7 million Wall Street predicted. But Zillow also reported $8.4 million in acquisition and restructuring-related costs this quarter, bringing the company’s net loss for Q2 to $26.7 million, or 46 cents per share. That’s compared to a pro forma net loss of 52 cents per share for the same period in 2014.

Zillow CEO Spencer Rascoff told investors during the quarterly earnings call that it’s been a tough few months for the company. It announced plans to buy longtime rival Trulia for $3.5 billion in July 2014, then closed the sale in February. On that same day, a group of employees were notified they were losing their jobs as the two brands prepared to join forces.

Rascoff said the company continues to “power through this time of transition” as it looks forward to returning to business as normal next year. The company hopes to wrap up integration efforts by the end of Q3.

Investors seem optimistic, sending the company’s stock up more than 10 percent in after hours trading immediately following Tuesday’s release.

“Most importantly, we believe the strategic rationale for the combination remains extremely strong, as we are already realizing benefits of our combined audience scale,” Rascoff said.

He added that Zillow sites are now seeing more visitors than ever before, with more than 50 percent market share in the online real estate category — and 72 percent market share on mobile. Advertisers are spending more than before, and multiple listing services are signing up to send their listings directly to Zillow at an “unprecedented rate.”

It’s all perks to having what the company calls the “largest audience of home shoppers on mobile and Web.”

The black sheep of the business, however, continues to be Market Leader. Trulia bought that brand for $355 million in 2013, and then Zillow inherited it with the acquisition of Trulia.

Revenue from Market Leader — which provides cloud-based customer management software for real estate agents — declined by 21 percent year-over-year to $12.5 million.

Rumors have circulated that Zillow is looking for a buyer for the brand, and in Tuesday’s earning release Zillow reported it “is conducting a strategic review of the Market Leader business.”

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