Zillow Reports Record Q1 Revenue Of $22.8M, Buys Rental Software Developer RentJuice For $40M

Real estate listings site Zillow just reported strong Q1 earnings. The company reported record revenue of $22.8 million, up 103% over first quarter 2011. Net Income came in at $1.7 million, resulting in EPS of $0.06. Analysts expected earnings of $0.03 per share on revenue of $21.5 million. Zillow is also buying rental marketing software maker RentJuice, as we reported earlier this year. The transaction is all-cash, valued at $40 million.

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