Zillow shares soar on expectations for future growth. Fast-growing real estate marketplace Zillow saw profits fall 44 percent from a year ago during the fourth quarter of 2012, but shares in the company soared to a 52-week high today on expectations for future growth.
Zillow reported that fourth-quarter 2012 revenue was up 73 percent from a year ago, to $34.4 million, but net earnings fell to $500,000, down from $900,000 during the same period in 2011. For the year, profits were up 436 percent, to $5.9 million, based on a 77 percent year-over-year revenue growth to $116.9 million. Zillow’s looking to continue that growth this year. Social, Mobile & Technology for Real Estate Agents. Real Estate News for Realtors and Brokers.