OpenTable Serves Up A 273 Percent Jump In Profits, And Launches Spotlight Deals
August 04, 2010 at 14:37 PM EDT
One publicly traded Web business that seems to be humming (unlike AOL ) is OpenTable . The company announced second quarter earnings last night. Revenues were up 37 percent to $22.5 million, and net profits rose a whopping 273 percent to $2.6 million. To make those diners even more loyal, OpenTable is getting into group buying and flash sales by launching a weekly deal program called Spotlight , which will offer deep discounts on meals at OpenTable restaurants.