Stock Market Watch

Trulia Shares Surge on Q4 Results (TRLA)

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Shares of Trulia Inc. (NYSE: TRLA) are seeing a huge rally in trading today after the company reported its fourth-quarter and full-year 2012 financial results.

Key Points

  • Trulia reported record fourth-quarter revenue
  • The company’s total traffic for the fourth quarter rose 50%
  • New user-generated content contributions rose 84%

Pete Flint, CEO of Trulia, said that 2012 was a milestone year for TRLA. Flint said that in 2012, the company helped a record number of consumers find a great place to live, while connecting more than 24,400 subscribers with those transaction-ready consumers. Flint added that the company finished the year on a resounding note, achieving record quarterly revenue, a rapid increase in mobile traffic, and strong subscriber growth.

For the fourth quarter ended December 31, 2012, Trulia reported total revenue of $20.6 million, representing an increase of 75% over the same period in the previous year. The company’s marketplace revenue for the quarter rose 90% on a year-over-year basis, while its media revenue for the quarter rose 51% on a year-over-year basis.

The company’s net loss for the quarter was $1.6 million, or $0.06 per share, compared to $2.1 million, or $0.30 per share reported for the same period in the previous year. Adjusted EBITDA for the quarter was $0.6 million, compared to an EBITDA loss of $0.7 million reported for the same period in the previous year.

For the full-year 2012, TRLA reported total revenue of $68.1 million, up 77% over 2011. Net loss for the full year was $10.9 million, or $0.87 per share.

TRLA shares rose to an all-time high of $29.89 earlier today. At last check, the stock was trading 25.05% higher at $29.75 on above average volume of 421,949.

About Trulia Inc.

Trulia Inc. provides home buyers, sellers, owners and renters information on properties, places and real estate professionals.

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edliston
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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