OpenTable posts loss as marketing costs rise

Thu May 1, 2014 4:38pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

May 1 (Reuters) - OpenTable Inc, operator of restaurant booking website, 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)