OpenTable is an online restaurant-reservation service company. The service provides restaurant owners with comprehensive reservation management. Subscribing restaurants use an Electronic Reservation Book (ERB) to replace existing paper reservation systems; ERB is an integrated software and hardware solution that computerizes restaurant host-stand operations. The ERB handles reservation management, table management, guest recognition, and email marketing. The Company also has a mobile application that allows users to find and book dinner reservations.

Type
Subsidiary
Parent Company
Booking Holdings
HQ
San Francisco, US
Founded
1998
OpenTable was founded in 1998 and is headquartered in San Francisco, US
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Key People/Management at OpenTable

Christa Quarles

Christa Quarles

CEO
Connie Chen

Connie Chen

General Counsel
Scott Day

Scott Day

SVP, People & Culture
Joseph Essas

Joseph Essas

CTO
Prasad Gune

Prasad Gune

SVP, Product
Scott Jampol

Scott Jampol

SVP, Marketing
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OpenTable Office Locations

OpenTable has offices in Preston, Mumbai, Frankfurt am Main, Ciudad de México and in 7 other locations
San Francisco, US (HQ)
700 1 Montgomery St
Chicago, US
320 954 W Washington Blvd
Denver, US
350 1899 Wynkoop St
Los Angeles, US
1000 6255 Sunset Blvd
New York, US
920 Broadway
Preston, AU
84 Hotham St
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OpenTable Financials and Metrics

Summary Metrics

Founding Date

1998

Total Funding

$48 m

Investors

In total, OpenTable had raised $48 m. OpenTable is a subsidiary of Booking Holdings

OpenTable Revenue

Embed Graph
OpenTable's revenue was reported to be $190.05 m in FY, 2013 which is a 17.6% increase from the previous period.
Annual
USDFY, 2011FY, 2012FY, 2013

Revenue

139.5 m161.6 m190.1 m

Revenue growth, %

16%18%

Cost of goods sold

39.4 m41.9 m48.2 m

Gross profit

100.2 m119.7 m141.9 m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014

Revenue

39.4 m39.6 m39.7 m45.5 m45.6 m46.7 m53.8 m

Cost of goods sold

10.5 m10.3 m10.5 m11.4 m11.5 m12.8 m14.3 m

Gross profit

28.9 m29.2 m29.2 m34.1 m34.1 m33.9 m39.4 m

Gross profit Margin, %

73%74%73%75%75%73%73%
Annual
USDFY, 2011FY, 2012FY, 2013

Cash

36.5 m102.8 m100.3 m

Accounts Receivable

18.8 m22 m25.4 m

Prepaid Expenses

2.7 m2.9 m4.7 m

Current Assets

82.7 m142.8 m162.4 m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014

Cash

44.6 m57.5 m85.2 m94.5 m80.9 m90.5 m103.5 m

Accounts Receivable

18.8 m18.8 m19.2 m23.5 m23.6 m22.8 m26.5 m

Prepaid Expenses

2.7 m3.3 m3.1 m2.6 m5.1 m7 m4 m

Current Assets

90.4 m105 m119.4 m137.9 m137.2 m149.8 m167.1 m
Annual
USDFY, 2011FY, 2012FY, 2013

Net Income

21.6 m24 m33.4 m

Depreciation and Amortization

8 m9.1 m12.4 m

Accounts Payable

10.3 m18 m8.3 m

Cash From Operating Activities

42.1 m61.3 m66 m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014

Net Income

4.8 m10.6 m16.5 m7.1 m15.5 m23.1 m(3.6 m)

Depreciation and Amortization

2.2 m4.4 m6.6 m2.6 m5.5 m8.8 m3.7 m

Accounts Payable

3.6 m7.7 m12.8 m(2.4 m)(4.2 m)1.4 m(259 k)

Cash From Operating Activities

15.8 m27.8 m45.3 m12.1 m26.7 m42.8 m15.6 m
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OpenTable Operating Metrics

FY, 2013Q1, 2014Dec, 2016Aug, 2017Q3, 2017Q4, 2017Q1, 2018

Diners Seated per Month

14.70 m15.60 m21 m23 m24 m25 m25 m

Restaurants

31 k31 k40 k43 k43 k45 k46 k

Diners Seated to Date

575 m620 m1 b1.40 b1.50 b1.60 b

Reviews

25 m61 m64 m67 m
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OpenTable Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Copilot Labs August 02, 2014
Ness Computing February 06, 2014
Quickcue December 16, 2013
JustChalo June 14, 2013
Foodspotting January 29, 2013
Treatful August 03, 2012
toptable September 15, 2010
GuestBridge September 15, 2009
Copilot Labs, Inc.
Foodspotting, LLC
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OpenTable Revenue Breakdown

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OpenTable revenue breakdown by business segment: 32.5% from Subscription, 60.6% from Reservations and 6.9% from Other

OpenTable revenue breakdown by geographic segment: 13.5% from International and 86.5% from North America

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OpenTable Online and Social Media Presence

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OpenTable News and Updates

Digital health start-up Zocdoc is wrestling with a price change that could cripple doctors

Zocdoc has been planning to change its pricing structure but doctors are fighting hard against it.

OpenTable Reveals the 50 Best Southern Restaurants for Extra Summer Sizzle

SAN FRANCISCO, July 31, 2018 /PRNewswire/ -- With only 50 lazy, hazy days of summer remaining as of this week, OpenTable, the world's leading provider of online restaurant reservations and part of Booking Holdings, Inc. (NASDAQ: BKNG), today unveiled the 50 Best Southern Restaurants in...

OpenTable CEO: #metoo isn't a woman's issue, it's a leadership issue

A moment of public anger a year ago made OpenTable CEO Christa Quarles take a very public stance on women in tech. She later vowed to bring her company to 50% parity of female employees and to really work in the lagging diversity in the engineering team. She says the company is now hiring one woma…

What’s next for #MeToo in the restaurant industry?

Influential women from all areas of the food business, from chefs to restaurateurs and food writers, dissect how the national movement has impacted their industry. “The restaurant industry feels to me like Wall Street did in 1996,” OpenTable CEO Christa Quarles says. That’s one reason Quarles felt c…

Why Your Next Job Offer Might Come From Texting

Texting is the preferred method of communication for most people, so why not use it for recruiting? If you want to reach millennials, your best bet is to send a text. In a study by the enterprise mobile engagement firm OpenMarket, 75% of millennials would prefer texting over talking if given the cho…
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OpenTable Company Life and Culture

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