Earnings Analysis: Grubhub Inc. (NYSE: GRUB)

CHICAGO, June 20, 2019 – GrubHub Inc. (GRUB) recently posted revenues of $324.0M, which is a 39% year-over-year increase from $233.0M in the first quarter of 2018. Gross Food Sales grew 21% year-over-year to $1.50B, up from $1.20B in the same period last year.

First Quarter Financial Highlights:

  • Revenues: $323.80M, a 39% year-over-year increase from $232.60M in the first quarter of 2018.
  • Net Income: $6.90M, or $0.07 per diluted share, a 78% year-over-year decrease from $30.80M, or $0.34 per diluted share, in the first quarter of 2018.
  • Non-GAAP Adjusted EBITDA: $50.90M, a 21% year-over-year decrease from $64.10M in the first quarter of 2018.
  • Non-GAAP Net Income: $27.90M, or $0.30 per diluted share, a 41% year-over-year decrease from $47.20M, or $0.52 per diluted share, in the first quarter of 2018.

First Quarter Key Business Metrics Highlights:

  • Active Diners were 19.30M, a 28% year-over-year increase from 15.10M Active Diners in the first quarter of 2018.
  • Daily Average Grubs (DAGs) were 521.0K, a 19% year-over-year increase from 436,900 DAGs in the first quarter of 2018.
  • Gross Food Sales were $1.50B, a 21% year-over-year increase from $1.20B in the first quarter of 2018.

Ameena Dalia

Finance and Entertainment Reporter

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