zillow inc-class a (Z) Snapshot

Zillow, Inc. launched Agentfolio(TM) in Chicago and will follow with Boston, New York City and other markets. Agentfolio provides a unique collaboration and co-shopping platform via mobile and Web that streamlines communication and organization for agents and home buyers working together during a home search. Agentfolio is the only real estate platform that allows multiple people involved in a home search to collaborate in a central place, rather than an agent's crowded email inbox. Today's agents and home buyers want to use technology to make the home-buying process more efficient. Agentfolio makes it easier for agents to share listings as well as their local knowledge and expertise with their clients, making them stand out from the rest and have happier clients. Agentfolio is free for Zillow(R) Premier Agents or just $25 a month for agents not currently subscribed to Zillow's Premier Agent advertising program.

Zillow, Inc. Presents at 8th Annual Needham & Co. Internet & Digital Media Conference, Jun-04-2013 08:00 AM. Venue: The Westin Grand Central Hotel, 212 E. 42nd Street, New York, New York, United States. Speakers: Chad M. Cohen, Chief Financial Officer, Principal Accounting Officer and Treasurer.

Zillow, Inc. reported unaudited earnings results and operating results for the first quarter ended March 31, 2013. The company reported revenue of $38,966,000, loss from operations of $3,802,000, net loss of $3,747,000 or $0.11 per basic and diluted share against revenue of $22,833,000, income from operations of $1,693,000, net income of $1,724,000 or $0.06 per basic and diluted share a year ago. EBITDA for the quarter was $5.1 million, representing 13% of revenue. Adjusted EBITDA was $5,123,000 against $5,447,000 a year ago. Net cash provided by operating activities was $2,289,000 against $6,498,000 a year ago. Purchase of property and equipment was $5,944,000 against $2,525,000 a year ago. Premier Agent subscribers increased by a record 4,557 in the first quarter of 2013, and totaled 34,030 on March 31, 2013, up 83% year-over-year. Average monthly revenue per subscriber in the first quarter of 2013 was $259, which declined slightly year-over-year and sequentially due primarily to the record additions of new subscribers, as new Premier Agents typically start at lower levels of impressions than longer-term subscribers. The company is raising its revenue outlook for the full year 2013. Revenue for full-year 2013 is expected to be in the range of approximately $178.0 to $182.0 million. This represents a 54% year-over-year growth rate over 2012 full year revenue of $116.9 million at the midpoint of the outlook range. For full year 2013, the company anticipates total depreciation and amortization expenses to be in the range of $23 million to $24 million, share-based compensation to be the range of $22 million to $24 million and CapEx and capitalized data content to be in the range of $10 million to $13 million. The company now expects approximately $20 million in full year EBITDA. For the second quarter, revenue is expected to be in the range of $43.5 million to $44.5 million, representing 58% year-over-year growth at the midpoint of the range. The company’s EBITDA for the second quarter is expected to be approximately $750,000 to $1.25 million. During the second quarter, the company anticipates an incremental investment in advertising of $4 million to $5 million, above its previously planned levels of around $5 million and depreciation and amortization expenses are expected to be in the range of $5 million to $5.5 million.