OpenTable posts loss as marketing costs rise
May 1 (Reuters) - OpenTable Inc, operator of restaurant booking website OpenTable.com, reported a quarterly loss as the company invested more in marketing to boost revenue from its app for mobile devices.
OpenTable reported a net loss of $3.6 million, or 16 cents per share, for the first quarter ended March 31 compared with a profit of $7.1 million, or 30 cents per share, a year earlier.
Revenue rose 18.2 percent to $53.8 million. (Reporting by Lehar Maan in Bangalore; Editing by Kirti Pandey)
- Lightning, rain fail to deter resolute Hong Kong protesters |
- Kurds seize Iraq/Syria border post; Sunni tribe joins fight against Islamic State |
- Special Report: Islamic State uses grain to tighten grip in Iraq
- Protesters stay out on Hong Kong streets, defying Beijing |
- EBay follows Icahn's advice, plans PayPal spinoff in 2015 |