Grubhub generates 39% revenue growth in the first quarter
CHICAGO, April 27, 2017 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), the nation’s leading takeout marketplace, today announced financial results for the first quarter ended March 31, 2017. DAGs grew 21% year-over-year, and the Company posted quarterly revenues of $156.1 million, which is a 39% year-over-year increase from $112.2 million in the first quarter of 2016.
“More new diners tried Grubhub than ever before in the first quarter. We are seeing clear signs of success from a more diverse restaurant base, broader marketing reach, and continuous improvement of our product,” said Matt Maloney, Grubhub CEO. “We already had the most comprehensive takeout marketplace in the U.S., and delivery has enabled our restaurant network to grow significantly in both breadth and depth, making Grubhub the place to go for online takeout.”
Grubhub generates 38% revenue growth in the fourth quarter
CHICAGO, Feb. 8, 2017 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), the nation’s leading takeout marketplace, today announced financial results for the quarter and year ended Dec. 31, 2016. Orders grew 21% year-over-year, and the Company posted quarterly revenues of $137.5 million, which is a 38% year-over-year increase from $100.0 million in the fourth quarter of 2015.
“Grubhub had a transformative year in 2016. We dramatically improved our product and reaccelerated order growth. Fueled by data-driven product enhancements, substantial strides in delivery, and a refreshed marketing approach, we exited the year growing DAGs faster than we did a year ago,” said Matt Maloney, Grubhub CEO. “With Grubhub delivery now in roughly 70 markets across the country and a significantly improved restaurant network, we enter 2017 well positioned to press our market leading advantage and give Grubhub growth momentum for years to come.”
The past year has been busy for social networks, with key players debuting new features and ad formats. Brands have been busy as well, keeping up with the innovations that networks have made. Mallorie Rosenbluth, head of social media at Grubhub, spoke with eMarketer’s Maria Minsker about upcoming changes in 2017 and how the brand is preparing for them… Click here for more from eMarketer.Read more »
For those of us whose “Netflix and chill” really means Netflix and takeout, we’ve just received word on some crucial scientific findings. Grubhub has just released what it’s calling “a comprehensive, interactive analysis of delivery trends throughout 2016…” Click here for more from Refinery29.Read more »
Data Shows How the Year’s Moments Made Their Mark on Food Orders
CHICAGO, Dec. 13, 2016 /PRNewswire/ — Grubhub, the nation’s leading online and mobile food-ordering company, today announced the launch of A Year In Delivery, a comprehensive analysis of delivery trends throughout 2016. The data uncovers compelling stories about what Grubhub users turned to throughout various cultural moments this year.
When you’ve lived in New York City for a while, you develop a certain impatience for, well, a lot of things. Selfie sticks, slow-walking people, Times Square, slow-walking people in Times Square, subway delays and closures, hour-long waits for brunch. The list goes on…. Click here for more from Adweek.Read more »
Earlier this year, Grubhub’s future looked bleak. The parent company of Seamless, and America’s most popular takeout service, Grubhub was under siege by dozens of delivery startups. Venture capitalists poured $5.6 billion into food delivery in 2015—$2 billion of that in the fourth quarter alone. These new and richly funded competitors were luring in customers with steep discounts and generous sign-up credits. At Grubhub, meanwhile, revenue and user growth had been slowing since the company’s April 2014 IPO. Investors were rattled. On Jan. 28, Grubhub’s stock fell to $18.34, an all-time low. Over the next few months, several analysts cut their ratings. Fast-forward to today and the dining tables have turned… Click here for more from Quartz.Read more »