OpenTable Inc (OPEN) Fluctuates on Earnings Release

Beating Wall Street expectations only slightly, OpenTable Inc (NASDAQ:OPEN) hasn’t moved much in after-market trading. Fourth quarter earnings came in at $0.46 per diluted share ($10.7 million total), which topped estimates by $0.03.

Across 2012, the company increased revenues 16%, to $161.6 million. OpenTable mirrored that increase in Q4, bringing in 16% more revenues year over year to a total of $43.0 million — beating estimates of $42.5 million. This quarter, North America business continued to drive the top line, bringing in 16% more than its International segment, at 13% on a year-over-year basis; that translates to $36.7 million and $6.3 million, respectively.

The company also saw growth in its restaurant customers and in seated diners.

OpenTable Inc (NASDAQ:OPEN)Currently, OpenTable grew its restaurant base by 9.5%, to 27,517; 19,801 comes from North American merchants, and 7,716 are international. After adjusting for a relaunch of its toptable site in Q2 2012, OpenTable says that its international installation base actually saw a 62% increase over 2011.

Seated diners increased by 22.3%, to 32.8 million, compared to Q4 2011. North America accounted for 29.9 million diners, growing 21%, while International diners grew 35%, and totaled 3.0 million.

Matt Roberts, President and CEO of OpenTable, said:

Our business continued to demonstrate strong momentum in 2012. The shift to mobile coupled with richer customer experiences represent long-term opportunities for the business, and we’re pleased with the recent progress in our international segment.

Going forward, OpenTable expects revenues to be around $44.7-$46.1 million next quarter, and $186.1-$193.1 million next year. Non-GAAP EPS should be in the range of $1.79 to $1.96 for the year, while next quarter EPS should range from $0.39 to $0.44;

The article OpenTable Fluctuates on Earnings Release originally appeared on Fool.com and is written by Kevin Chen.

Fool contributor Kevin Chen has no position in any stocks mentioned. You can follow him at @TMFKang or on Google+. The Motley Fool recommends OpenTable.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!