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Redfin Corp. posts 43% YOY Q4'17 increase in revenue

Redfin Corp. reported a net loss for the 2017 fourth quarter of $1.8 million, or 2 cents per share of common stock, compared to a net loss of $5.3 million, or $8.08 per share, in the 2016 fourth quarter.

For the 2017 full year, the real estate services company posted a net loss of $15.0 million, or $4.47 per share, a decrease from its record net loss of $22.5 million, or $5.42 per share, in 2016.

Adjusted net loss per share for the full reporting year came to 20 cents, down from 32 cents in 2016.

Revenue for the 2017 fourth quarter came to $95.8 million, marking a 43% increase from the $66.8 million recorded in the year-ago period. For the full reporting year, revenue came to $370.0 million, a 38% increase from $267.2 million in 2016.