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Grubhub Inc. (GRUB) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

SEC Filings

Grubhub Inc.

CIK: 1594109

 

Exhibit 99.1

 

GRUBHUB REPORTS RECORD first QUARTER RESULTS

 

Grubhub generates 49% revenue growth in the first quarter

 

CHICAGO, May 1, 2018 – Grubhub Inc. (NYSE: GRUB), the nation’s leading online and mobile food-ordering and delivery marketplace, today announced financial results for the first quarter ended March 31, 2018. For the first quarter, the Company posted revenues of $232.6 million, which is a 49% year-over-year increase from $156.1 million in the first quarter of 2017. Gross Food Sales grew 39% year-over-year to $1.2 billion, up from $898 million in the year ago period.

 

"Our team executed well in the first quarter, making meaningful progress toward our most significant goals for 2018. We’ve already launched dozens of new delivery markets, completed our Yelp and Eat24 integrations a quarter earlier than expected, and attracted a record quarterly number of organic new diners," said Grubhub CEO, Matt Maloney. "Our restaurant partnerships are broader and deeper than ever before, increasing our value to diners and driving sustained diner and order growth.”

 

First Quarter 2018 Highlights

 

The following results reflect the financial performance and key operating metrics of our business for the three months ended March 31, 2018, as compared to the same period in 2017.

 

First Quarter Financial Highlights

 

 

Revenues: $232.6 million, a 49% year-over-year increase from $156.1 million in the first quarter of 2017.

 

Net Income: $30.8 million, or $0.34 per diluted share, a 74% year-over-year increase from $17.7 million, or $0.20 per diluted share, in the first quarter of 2017.

 

Non-GAAP Adjusted EBITDA: $64.1 million, a 51% year-over-year increase from $42.5 million in the first quarter of 2017.

 

Non-GAAP Net Income: $47.2 million, or $0.52 per diluted share, an 88% year-over-year increase from $25.1 million, or $0.29 per diluted share, in the first quarter of 2017.

 

First Quarter Key Business Metrics Highlights

 

 

Active Diners were 15.1 million, a 72% year-over-year increase from 8.8 million Active Diners in the first quarter of 2017.

 

Daily Average Grubs (DAGs) were 436,900, a 35% year-over-year increase from 324,600 DAGs in the first quarter of 2017.

 

Gross Food Sales were $1.2 billion, a 39% year-over-year increase from $898 million in the first quarter of 2017.


The following information was filed by Grubhub Inc. on Tuesday, May 1, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Grubhub Inc.'s 10-Q Quarterly Report:

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Inside this 10-Q Quarterly Report

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Schedule Of Acquisition-date Fair Value Of Assets And Liabilities (detail)
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Grubhub Inc. provided additional information to their SEC Filing as exhibits

CIK: 1594109
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-18-011840
Submitted to the SEC: Tue May 08 2018 4:19:47 PM EST
Accepted by the SEC: Tue May 08 2018
Period: Saturday, March 31, 2018
Industry: Business Services

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