US commercial property portal loopnet.com is reporting its third consecutive quarter of growth in its Q4 financial results.
The company says its revenue for the fourth quarter of 2010 was US$20.0 million, compared to $19.8 million in the third quarter of 2010 and $18.3 million in the fourth quarter of 2009.
Just before the results were announced, loopnet.com CEO Thomas P Byrne sold 12,500 shares at an average price of $11 a share.
loopnet.com’s statement adds that revenue for the full year of 2010 was $78.0 million, compared to $76.5 million in 2009. The company’s registered members were up slightly to a total of 4,626,973, however premium member numbers fell by 755 to a total of 68,608.
In terms of unique visitors, the company says traffic to loopnet.com and its network of websites – cityfeet.com, landandfarm.com, landsofamercia.com, bizquest.com and bizbuysell.com – was approximately 2.4 million during the quarter, as reported by comScore Media Metrix.
Total listing numbers at the portal increased slightly to a total of 788,330 at the end of the quarter, and profile views of listings were also up from 64.2 million to 67.0 million. The latest Hitwise ranking has loopnet.com up from 18th to 15th place among US real estate websites.
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