Shares of Trulia, the San Francisco-based online real estate company that competes directly with Zillow, are up nearly 4 percent in after-hours trading after the company posted $40.3 million in revenue in its third quarter earnings report.
That’s an increase of 117 percent from this time last year. Net income came in at $7 million ($0.19 per share), up from a net loss of $1.7 million last year.
Those numbers beat Wall Street’s expectations, which pegged Trulia’s 3Q revenue at $37 million and net income at $0.08 per share.
Trulia also announced 35.3 million monthly unique visitors — an increase of 42 percent from last year — and 56,000 subscribers following the $355 million acquisition of Kirkland-based Market Leader in May. The company noted that it now has “by far the largest professional customer base in our industry.”
Without counting for Market Leader’s contribution, Trulia posted $33.8 million in revenue.
Trulia expects 4Q revenue to be in the range of $48.5 to $50 million. Its stock is down nearly 12 percent in the last three months, but still up 162 percent for 2013. Trulia’s market value is now $1.38 billion.