3 Takeaways From Zillow's Earnings
Now that Zillow (NASDAQ: Z ) has sold off to the tune of 10% following competitor Trulia's (NYSE: TRLA ) earnings, investors need to refocus on the solid takeaways from Zillow's own strong earnings.
Zillow and Trulia are battling in the rapidly developing online real estate market with Realtor.com operator Move (NASDAQ: MOVE ) . By total traffic metrics and market capitalization, Zillow is the leader in the sector, but the competitors are spending heavily in an attempt to close that lead. The key takeaways from the fourth-quarter earnings report is that Zillow continues to expand the leadership position in traffic to real estate sites.
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