OpenTable Q2 Profit Down 9 Percent, but Stock Rises on Outlook
OpenTable Inc.’s second-quarter earnings fell 9 percent as the restaurant reservations manager spent more on sales and marketing amid a relaunch of its Toptable site in the U.K.
OpenTable provides reservations for diners through its electronic reservation books, with subscriptions sold to about 25,037 restaurants worldwide, as of June 30. The company operates its namesake brand in Japan and Germany and runs the Toptable website in the U.K.
