Move, Inc. Reports Double-Digit Jump in Second Quarter Revenue

SAN JOSE, CA-Move, Inc., a leader in online real estate, recently reported positive financial results for the second quarter ended June 30, including a 17% spike in revenue. 

“The second quarter was a strong quarter for Move, with both consumer advertising revenue and software and services revenue growing well, resulting in our seventh straight quarter of sequential revenue growth," said Steve Berkowitz, CEO of Move.  "We are very excited about our continued growth and believe we are in a great position to capitalize on the healthy market opportunity in front of us.”

Second Quarter 2013 Highlights Included:

    --  Q2 Revenue increased 17% to $57.5 million
    --  Q2 2013 represented the seventh consecutive quarter of sequential
        revenue growth
    --  Consumer Advertising revenue increased 8% year-over-year to $44.6
        million
    --  Software and Services revenue increased 57% year-over-year to $12.9
        million
    --  Non-GAAP Adjusted EBITDA was $7.0 million
    --  Average monthly unique users of Move's web and mobile sites grew 18%
        year-over-year to nearly 29 million in the second quarter

Second Quarter 2013 Financial Results
Revenue for the quarter was $57.5 million, an increase of $8.2 million, or 17%, from $49.3 million in the second quarter of 2012.  Revenue from Consumer Advertising products increased 8% to $44.6 million in the second quarter of 2013 compared to the same period in 2012.  Revenue from Software and Services products increased 57% to $12.9 million compared to the second quarter of 2012.