OpenTable -7.2% AH due to soft guidance

OpenTable's (OPEN) Q3 guidance is for revenue of $45M-$46.3M and EPS of $0.38-$0.42, below a consensus of $46.5M and $0.48.

2013 guidance is for revenue of $186.2M-$190.1M and EPS of $1.80-$1.92 vs. a consensus of $188M and $1.93.

Seated diners +26% Y/Y in Q2 38.2M (+25% in Q1), installed restaurant base grew by 317 Q/Q to 28,274 (grew by 440 in Q1).

North American restaurant base +12% Y/Y to 10.6K, international base +15% to 7.7K. 35M North American diners (+25%), still only 3.3M international diners (+46%).

Restaurant revenue +24% Y/Y (+21% in Q1), thanks to both diner growth and a promotional pricing change. Subscription revenue +8% (+6% in Q1).

Costs/expenses +6% vs. rev. growth of 15%.

Q2 results, PR

Previous: Rezbook acquisition

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