Zillow has released an amendment to its S-1 filing containing financials for the first quarter of 2011.
In a nutshell:
- The top line continues to grow: revenue for Q1 2011 was $11.26 million. This is more than double the $5.33 million reported for the same period last year.
- Losses have narrowed: net loss for Q1 2011 was $826,000. This compares to a net loss of $2.8 million for the same period in 2010.
- Costs increased from $8.1 million in Q1 2010 t0 $12.1 million in Q1 2011. The company suggested this would be the case in its original filing.
They also chose a ticker symbol: “Z”. I dig that.
Things seem to be headed in the right direction.