Trulia announced today that it brought in $64.1 million in revenue during the second quarter of 2014. It’s an increase of 116 percent year-over-year, compared to $30 million in revenue in the second quarter of last year. That beat the consensus among analysts surveyed by Thomson Reuters, who estimated that the company would report $62 million in revenue.
The San Francisco-based real estate company also reported a loss of 11 cents per share, beating analyst expectations of a 16 cents per share loss. Still, that’s down from a profit of 5 cents per share in the year-ago quarter.
This news comes less than a week after Zillow announced that it had reached an agreement to acquire Trulia for $3.5 billion. That move would heavily consolidate the real estate search market, as well as give Zillow access to Trulia’s agent-facing products.
“Our business is firing on all cylinders. The focus on a more valuable, more transaction ready consumer paid dividends in Q2, as our marketing campaign accelerated audience growth during the busiest part of the real estate season,” Trulia CEO Pete Flint said in a press release. “I’m tremendously excited about joining forces with Zillow.”
The company reported that it saw an average of 51.6 million monthly unique users during the quarter. In addition, Trulia’s focus on mobile seems to have been paying dividends, with the company reporting 25.1 million monthly unique users on its mobile products. That’s almost double the 13 million mobile MAUs the company reported during the year-ago quarter.
Today’s news doesn’t seem to have interested investors after a massive sell-off hit the stock market today. As of this writing, Trulia’s stock price is down half a percent in after hours trading.
Trulia’s detailed financial results are embedded below.