Seeking Alpha

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

Check out Seeking Alpha’s new Earnings Center »

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs