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Grubhub Inc. (GRUB) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

SEC Filings

Grubhub Inc.

CIK: 1594109

Exhibit 99.1

 

GRUBHUB REPORTS FOURTH QUARTER

AND FULL YEAR 2015 RESULTS

 

GrubHub generates 36% revenue growth in the fourth quarter

 

Chicago, IL – February 4, 2016 – GrubHub Inc. (NYSE: GRUB), the leading takeout marketplace, today announced financial results for the quarter and year ended December 31, 2015.  

 

“The fourth quarter capped off a strong year for GrubHub.  We generated a record $642 million in gross food sales during the quarter and $2.4 billion during the year,” said Matt Maloney, CEO.  “The growth in our delivery network has greatly expanded our potential universe of restaurant partners, helping us work with restaurants that don’t currently offer delivery, but want access to our 6.7 million active diners.  As a result, our restaurant network is broader and deeper than ever, with over 40,000 partners in more than 1,000 cities.”

 

Fourth Quarter and Full Year 2015 Highlights

 

The following results reflect the financial performance and key operating metrics of our business for the three months and year ended December 31, 2015 as compared to the same period in 2014.

 

Fourth Quarter Financial Highlights

 

 

·

Revenues: $100.0 million, a 36% year-over-year increase from $73.3 million in the fourth quarter of 2014.

 

·

Non-GAAP Adjusted EBITDA: $26.8 million, a 7% year-over-year increase from $25.0 million in the fourth quarter of 2014.

 

·

Net Income: $11.3 million, or $0.13 per diluted share, a 5% year-over-year increase from $10.8 million, or $0.13 per diluted share, in the fourth quarter of 2014.

 

·

Non-GAAP Net Income: $16.7 million, or $0.19 per diluted share, a 16% year-over-year increase from $14.4 million, or $0.17 per diluted share.

 

Fourth Quarter Key Business Metrics Highlights

 

 

·

Active Diners were 6.75 million, a 34% year-over-year increase from 5.03 million Active Diners in the fourth quarter of 2014.

 

·

Daily Average Grubs were 241,800, a 19% year-over-year increase from 202,700 Daily Average Grubs in the fourth quarter of 2014.

 

·

Gross Food Sales were $643 million, a 26% year-over-year increase from $508 million in the fourth quarter of 2014.

 

Full Year Financial Highlights

 

·

Revenues: $361.8 million, a 43% year-over-year increase from $253.9 million in 2014.

 

·

Non-GAAP Adjusted EBITDA: $105.0 million, a 33% year-over-year increase from $78.7 million in 2014.

 

·

Net Income: $38.1 million, or $0.44 per diluted share, a 57% year-over-year increase from $24.3 million, or $0.30 per diluted share, in 2014.

 

·

Non-GAAP Net Income: $58.1 million, or $0.68 per diluted share, a 51% year-over-year increase from $38.5 million, or $0.47 per diluted share, in 2014.


The following information was filed by Grubhub Inc. on Thursday, February 4, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
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Components Of Acquired Intangible Assets (detail)
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Components Of Property And Equipment (detail)
Computation Of Basic And Diluted Net Income Per Share (detail)
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Earnings Per Share Attributable To Common Stockholders
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Unrecognized Tax Benefit Activity Excluding Related Accrual For Interest (detail)
CIK: 1594109
Form Type: 10-K Annual Report
Accession Number: 0001564590-16-013426
Submitted to the SEC: Thu Feb 25 2016 6:17:18 PM EST
Accepted by the SEC: Fri Feb 26 2016
Period: Thursday, December 31, 2015
Industry: Business Services

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