Angie's List posted a loss of 6 cents a share, in line with analysts' estimates and narrower than a loss of 14 cents a share in the same period one year earlier. Revenue rose 39% year over year to $72.7 million from $52.2 million, while revenue from paid memberships rose 25% to $18.3 million.
"The first quarter represented solid performance for the company," said CEO Bill Oesterle in a statement. "We grew fast, produced cash and improved margins, all while investing in new products and upgrading our technology. I am pleased with the progress we have made against our operating plan for the full year."
The stock was up 7.25% in after-market activity.