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

The 10 Biggest Airports in the World

The 5 Most Gang Infested Cities In America

The 34 Smartest Countries in the World

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

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!