Trulia, Inc. (TRLA) Misses Q1 EPS by 2c; Guides Sales Above the Street

Trulia, Inc. (NYSE: TRLA) reported Q1 EPS of ($0.14), $0.02 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $54.5 million versus the consensus estimate of $53.46 million.

Key Business Metrics (metrics include Market Leader)

• Monthly unique visitors in the first quarter of 2014 were 44.6 million, an increase of 42% from 31.4 million in the same period last year.
• Mobile monthly unique visitors in the first quarter of 2014 were 19.0 million, an increase of 68% from 11.4 million in the same period last year.
• Total subscribers as of March 31, 2014 were approximately 66,700*, an increase from the approximately 59,700 as of December 31, 2013.
• Average monthly revenue per subscriber for the first quarter of 2014 was $196, a 5% increase from $187 in the same period last year and a $4 increase from the fourth quarter of 2013.
• New contributions to user-generated content totaled approximately 1.3 million in the first quarter of 2014, a 26% increase from approximately 1.1 million in the same period last year. As of March 31, 2014, this amounted to a cumulative total of more than 13 million contributions to user-generated content.

Trulia, Inc. sees Q2 2014 revenue of $61.5-62.5 million, versus the consensus of $61.04 million.

Trulia, Inc. sees FY2014 revenue of $250-253 million, versus the consensus of $247.6 million.

“In Q1 we added more than 7,000 subscribers, which is a record for the company and continues to demonstrate the momentum we are gaining amongst agents who want to connect with transaction-ready buyers and sellers,” said Pete Flint, Chief Executive Officer of Trulia. “In the real estate category, agents want to be in front of the most qualified consumers where they receive high quality leads. We now have approximately 66,700 agents using Trulia to drive their business, build a pipeline of clients and close more deals by reaching the nearly 50 million unique visitors that are expected to come to Trulia in the month of April.”

For earnings history and earnings-related data on Trulia, Inc. (TRLA) click here.

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