Full report here. Revenue is slowing pretty dramatically in North America (only 26% growth) but obviously off a much smaller base is growing much stronger overseas.
- OpenTable reported consolidated net revenues for Q3 2011 of $34.4 million, a 40% increase over Q3 2010. Consolidated net income for Q3 2011 was $4.1 million, or $0.17 per diluted share. Non-GAAP consolidated net income for Q3 2011, which excludes tax-affected stock-based compensation expense and tax-affected amortization of acquired intangibles, was $7.4 million, or $0.30 per diluted share.
North America Results
- Installed restaurant base as of September 30, 2011, totaled 16,237, a 25% increase over September 30, 2010.
- Seated diners totaled 21.8 million, a 42% increase over Q3 2010.
- Revenues totaled $29.1 million, a 26% increase over Q3 2010.
- Non-GAAP adjusted EBITDA (earnings before interest, taxes, depreciation, amortization and stock-based compensation) totaled $13.6 million, or 47% of North America revenues, a 33% increase over Q3 2010.
- Installed restaurant base as of September 30, 2011, totaled 7,629, a 243% increase over September 30, 2010.
- Seated diners totaled 1.8 million, a 233% increase over Q3 2010.
- Revenues totaled $5.3 million, a 254% increase over Q3 2010.
- Non-GAAP adjusted EBITDA totaled a loss of $0.7 million compared to a loss of $1.2 million in Q3 2010.
- In Q3 2011, toptable.com contributed approximately 665,000 seated diners, $2.9 million of revenue and loss of approximately $0.1 million of non-GAAP adjusted EBITDA to the Company’s results.