Move, Inc. Announces First Quarter 2007 Financial Results

RISMEDIA, May 2, 2007–Move, Inc. (NASDAQ:MOVE) reported financial results for the quarter ended March 31, 2007. Total revenue for the first quarter was $71.0 million, a three percent increase compared to $69.0 million in the first quarter of 2006.

Net income applicable to common stockholders ("net income") for the first quarter of 2007 was $163,000 or $0.00 per diluted share, compared to a net loss of $2.3 million, or $(0.02) per diluted share, for the first quarter of 2006.

Move's EBITDA (earnings before interest and certain other non-cash and non-recurring items, principally stock-based compensation charges, depreciation, and amortization) for the first quarter of 2007 was $7.1 million, compared to $3.9 million for the first quarter of 2006. The Company has reported EBITDA because management uses it to monitor and assess the Company's performance and believes it is helpful to investors in understanding the Company's business.

"We were pleased with the profitability and cash flow performance of the Company in the first quarter, but our revenue growth was unbalanced as two of our three major businesses are being retooled along with launching a completely new venture," said Mike Long, Move's CEO. "In spite of a weak residential real estate market, we believe the strategic investments we are making will significantly improve our growth and profitability prospects."

In a separate announcement today, the Company named Lorna Borenstein to be President of Move, Inc.

"With the addition of Lorna as President, and new leaders in place for all of our businesses, the board of directors and I are confident we have the best team to drive growth and secure our long-term market leadership," continued Mike Long.

At March 31, 2007, Move had $188.4 million in cash and short-term investments available to fund operations.

Conference Call
A telephone replay will be available from 4:00 p.m. Pacific Time (7:00 p.m. Eastern Time) today until midnight on May 8, 2007 at 888-286-8010, conference ID 49224616. Chief Executive Officer, Mike Long, and Chief Financial Officer, Lew Belote, discussed the Company's first quarter 2007 results.

For additional information regarding the Company's results, please go to the "SEC Filings" section at http://investor.move.com to view annual reports as filed with the Securities and Exchange Commission on Form 10-K. Move's Form 10-Q for the quarter ended March 31, 2007 is expected to be filed with the Securities and Exchange Commission on, or before, May 7, 2007.

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