News Archive - Page 29 of 44

Grubhub Expands Partnership with The Cheesecake Factory to Deliver Menu Favorites from Coast to Coast

CHICAGO, Dec. 13, 2017 /PRNewswire/ — Grubhub (NYSE: GRUB), the nation’s leading online and mobile food-ordering company, today announced an expansion of its partnership with The Cheesecake Factory®, America’s favorite restaurant known for its extensive menu, generous portions and legendary desserts. Grubhub is now offering delivery for The Cheesecake Factory in 18 different states across the country.

It’s easy for customers to order The Cheesecake Factory menu favorites — handmade, in-house with fresh ingredients — through Grubhub’s online and mobile platforms for delivery right to their door from select restaurant locations nationwide. This means The Cheesecake Factory’s signature cheesecakes and desserts, Saturday and Sunday Brunch, and SkinnyLicious® dishes with 590 calories or less can be enjoyed via Grubhub without leaving the comfort of home.

“We are so pleased to be working with Grubhub to deliver The Cheesecake Factory favorites to our guests across the country,” said David Gordon, president of The Cheesecake Factory. “Delivery provides an additional way for our guests to enjoy a Cheesecake Factory experience, and we are pleased to offer it from so many of our restaurants coast to coast.”

“We’re always looking to satisfy the cravings of our nearly 10 million diners by connecting them with the best local restaurants to order the food they love, at home or on the go,” said Stan Chia, chief operating officer at Grubhub. “Our diners will be delighted to see The Cheesecake Factory on Grubhub. We couldn’t be more thrilled to partner with the much-loved chain to help them capitalize on incremental sales from delivery while maintaining their world-class guest experience.”

Delivery from Grubhub is now available at select The Cheesecake Factory locations in Alabama, Arizona, California, Connecticut, Florida, Kentucky, Michigan, Nebraska, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Tennessee, Utah, Virginia, and Wisconsin.

To find restaurants for delivery near you, including The Cheesecake Factory where available, please visit grubhub.com.

About Grubhub

Grubhub (NYSE: GRUB) is the nation’s leading online and mobile takeout food-ordering marketplace with the most comprehensive network of restaurant partners and largest active diner base. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with approximately 75,000 restaurant partners in over 1,300 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, Eat24, AllMenus and MenuPages.

You can sign your restaurant up for Grubhub at get.grubhub.com. To find takeout restaurants available in your area, please visit grubhub.com, and for more information about Grubhub, please visit newsroom.grubhub.com.

Grubhub Uncovers Delivery Trends and Predicts the Next Top Foods in Annual ‘Year In Delivery’ Report

Grubhub’s data analysis showcases the most popular delivery dishes of 2017 and foods expected to trend in 2018

CHICAGO, Dec. 6, 2017 /PRNewswire/ — Grubhub, the nation’s leading online and mobile food-ordering company, today announced the results of its second annual ‘Year In Delivery’ trends analysis. The data identifies the trendiest delivery dishes of 2017, as well as the foods expected to rise in popularity in 2018.

A few key takeaways from the report include:

Poke was trendier than ever for delivery in 2017 and is forecasted to stay popular in 2018.
San Francisco preferred buttermilk fried chicken, whereas New York loved to eat Japanese cuisine, ordering more spicy miso ramen than the rest of the country in 2017.
Vegetable entrees, such as jackfruit and cauliflower steaks, are on the rise for delivery in 2018, reinforcing national culinary forecasts.

“We’re always looking for ways to connect our diners to a wide variety of cuisines from our 75,000 restaurants nationwide,” said Barbara Martin Coppola, chief marketing officer at Grubhub. “We were delighted to dig into our data and identify food trends, which this year reflect the wide-ranging tastes of our diners — from poke bowls to steak, and avocado toast to burritos.”

Food Trends Analysis Results

The Most Popular Dishes of 2017:

Poke — 643% rise in popularity
Soft pretzels — 221% rise in popularity
Avocado toast — 212% rise in popularity
Chips and queso — 163% rise in popularity
Acai bowl — 138% rise in popularity
Chicken fried steak — 130% rise in popularity
Bean and cheese burrito — 127% rise in popularity
Italian sandwich — 125% rise in popularity
Chicken dum biryani — 123% rise in popularity
Mini corn dogs — 109% rise in popularity
California cobb salad — 108% rise in popularity
Snow crab legs — 106% rise in popularity
Country fried steak — 104% rise in popularity
Sirloin steak — 94% rise in popularity
Lasagna bolognese — 89% rise in popularity

The Most Popular Dishes by City in 2017:

Atlanta: Buttermilk pancakes — 234% rise in popularity
Austin, Texas: Chicken fajitas — 416% rise in popularity
Boston: Butter naan — 362% rise in popularity
Chicago: Chicken taquitos — 373% rise in popularity
Cleveland: Loaded fries — 350% rise in popularity
Dallas: Beef burger — 325% more popularly ordered in Dallas this year
Denver: Tonkotsu ramen — 152% rise in popularity
Detroit: Lettuce chicken wraps — 340% rise in popularity
Houston: Beef fajitas — 289% rise in popularity
Kansas City, Mo.: Mac and cheese — 447% rise in popularity
Las Vegas: Tuna sandwich — 203% rise in popularity
Los Angeles: Poke — 260% rise in popularity
Miami: Sweet plantains — 418% rise in popularity
New York: Spicy miso ramen — 331% rise in popularity
Philadelphia: Sweet potato tots — 308% rise in popularity
Phoenix: Philadelphia roll — 403% rise in popularity
Portland, Ore.: Grilled steak burrito — 397% rise in popularity
St. Louis: Steak tacos — 316% rise in popularity
San Diego: Shrimp taco — 218% rise in popularity
San Francisco: Buttermilk fried chicken — 136% rise in popularity
Seattle: Bacon cheeseburgers — 344% rise in popularity
Washington: Pho — 143% rise in popularity

The Dishes Forecasted for Popularity in 2018:

Lettuce chicken wraps — 184% rise in average monthly popularity
Poke — 91% rise in average monthly popularity
Bulgogi bibimbap — 89% rise in average monthly popularity
Roasted cauliflower — 88% rise in average monthly popularity
Spicy tonkotsu ramen — 76% rise in average monthly popularity
Kimchi fries — 75% rise in average monthly popularity
Cinnamon buns — 74% rise in average monthly popularity
Pumpkin soup — 64% rise in average monthly popularity
Brisket sandwich — 54% rise in average monthly popularity
Yellowtail belly — 54% rise in average monthly popularity
Mini corn dogs — 53% rise in average monthly popularity
Pork belly — 53% rise in average monthly popularity
Brick pressed chicken — 48% rise in average monthly popularity
Shio ramen — 47% rise in average monthly popularity
Korean fried chicken wings — 45% rise in average monthly popularity

The Trendiest Dishes for Delivery, in Line with National Culinary Reports:

Spaghetti squash — 351% rise in average monthly popularity
Mezcal — 234% rise in average monthly popularity
Zucchini noodles — 230% rise in average monthly popularity
Jackfruit — 123% rise in average monthly popularity
Crudites — 27% rise in average monthly popularity
Deviled eggs — 26% rise in average monthly popularity
Rotisserie chicken — 26% rise in average monthly popularity
Cauliflower steaks — 21% rise in average monthly popularity
Tater tots — 13% rise in average monthly popularity
Roasted vegetables — 10% rise in average monthly popularity

Methodologies

Grubhub’s data analysts looked at dishes that climbed in popularity this year, using three different methodologies for the analysis:

Top Foods of 2017 (National): Order data was compared from 2017 to order data from 2015 and 2016 collectively. The listed statistic is the percentage growth in 2017 in comparison to previous years.
Top Foods of 2017 (Local): Order data was compared from 2017 to order data from 2015 and 2016 collectively — in comparison to the rest of the country. The listed statistic is the percentage growth in 2017 in comparison to previous years.
Forecasted Foods for 2018: Order volume was analyzed for dishes that rose in popularity each month in 2017, and the monthly cumulative percentage change is the listed statistic.

For the analysis and an infographic, visit Grubhub’s Newsroom.

To find takeout restaurants available in your area, check out grubhub.com. If you are interested in becoming part of the Grubhub Delivery team, please visit driver.grubhub.com. To find out how your restaurant can join Grubhub, check out get.grubhub.com. To learn more about Grubhub and its portfolio of brands, please visit newsroom .grubhub.com.

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile takeout food-ordering marketplace with the most comprehensive network of restaurant partners and largest active diner base. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the Company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with approximately 75,000 restaurant partners in over 1,300 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, Eat24, Foodler, AllMenus and MenuPages.

Grubhub Announces Collaboration with IHG® (InterContinental Hotels Group)

Product Integration Brings Takeout to Over 1,000 Locations Nationwide

CHICAGO, Nov. 15, 2017 /PRNewswire/ — Grubhub, the nation’s leading online and mobile food-ordering company, today announced a collaboration with IHG ^® (InterContinental Hotels Group) to offer IHG^® Rewards Club members point-earning benefits for ordering food on Grubhub via IHG’s online and mobile channels.

This collaboration is the first of its kind, and allows for Grubhub diners to earn points through the IHG ^® Rewards Club hotel loyalty program. The Grubhub integration will be offered across markets where Grubhub is available in more than 1,000 hotels in the U.S. for guests staying at hotels within the Holiday Inn Express^®, Staybridge Suites^® and Candlewood Suites^® brands.

“We’re always looking to satisfy our diners’ cravings, by offering them the broadest and best set of local restaurants, whether they’re at home or on the-go,” said Stan Chia, chief operating officer, Grubhub. “Together with IHG, we’re making it easier than ever for travelers in 1,000 IHG locations across the country to enjoy a city’s unique food scene and discover local cuisines, even when they prefer to dine in the comfort of their hotel room.”

“Our members have told us that they want more ways to earn points while dining, and this innovative program with Grubhub is an easy way to get rewarded for ordering delivery to their hotel room,” said Liz Crisafi, head of loyalty, partnerships and portfolio marketing, The Americas, IHG. “This new benefit now gives our members the ability to create an even better food and beverage experience and represents another great way we are evolving IHG^® Rewards Club to meet their needs throughout the entire travel process.”

Members will earn 500 IHG^® Rewards Club points the first time they order via IHG channels with Grubhub and 250 IHG^® Rewards Club points for each subsequent Grubhub transaction via IHG channels. To earn points for Grubhub, members must order or book through IHG channels, including the IHG^® App, IHG website and IHG^® Connect, the on-property Wi-Fi experience at IHG properties.

About IHG^® Rewards Club
With more than 100 million enrolled members globally, IHG^® Rewards Club is the first and largest guest loyalty program in the hotel industry. Named Best Hotel Rewards Program in the World ten years running as voted by the readers of Global Traveler magazine, IHG^® Rewards Club offers sought-after benefits and is easy to use. Members qualify for Your Rate by IHG^® Rewards Club, an exclusive rate offered when they book direct. In addition to flexible features like No Blackout Dates for Reward Nights, Points & Cash and free Internet, IHG^® Rewards Club members have hundreds of options for redeeming points including: Reward Nights, Flights Anywhere™, Cars Anywhere, digital downloads, brand name items and retail gift cards. Enrollment in IHG^® Rewards Club is free. Guests can sign up by visiting ihg.com/rewardsclub, calling 1-888-211-9874, downloading the IHG App or by inquiring at the front desk of any of the nearly 5,300 IHG hotels worldwide.

Grubhub Reports Record Third Quarter Results

Grubhub generates 32% revenue growth in the third quarter

CHICAGO, Oct. 25, 2017 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), the nation’s leading takeout marketplace, today announced financial results for the third quarter ended Sept. 30, 2017. For the third quarter, the Company posted revenues of $163.1 million, which is a 32% year-over-year increase from $123.5 million in the third quarter of 2016. Gross Food Sales grew 18% year-over-year to $867 million, up from $735 million in the year ago period.

“Grubhub’s goal is to give diners the most comprehensive restaurant selection, with the best option for every taste and every occasion. With the addition of the Eat24, Foodler and OrderUp restaurants to our network, we can help diners find their ideal local favorites better than ever before,” said Grubhub CEO, Matt Maloney. “With a network of 75,000 restaurants and growing, we have the industry’s largest online delivery marketplace, and we will continue to aggressively expand and deepen our reach, increasing our value to both diners and restaurant partners as we grow.”

Third Quarter 2017 Highlights

The following results reflect the financial performance and key operating metrics of our business for the three months ended Sept. 30, 2017, as compared to the same period in 2016.

Third Quarter Financial Highlights

Revenues: $163.1 million, a 32% year-over-year increase from $123.5 million in the third quarter of 2016.
Net Income: $13.0 million, or $0.15 per diluted share, a 1% year-over-year decrease from $13.2 million, or $0.15 per diluted share, in the third quarter of 2016.
Non-GAAP Adjusted EBITDA: $43.0 million, a 21% year-over-year increase from $35.5 million in the third quarter of 2016.
Non-GAAP Net Income: $24.5 million, or $0.28 per diluted share, a 23% year-over-year increase from $19.9 million, or $0.23 per diluted share, in the third quarter of 2016.

Third Quarter Key Business Metrics Highlights

Active Diners were 9.81 million, a 28% year-over-year increase from 7.69 million Active Diners in the third quarter of 2016.
Daily Average Grubs (DAGs) were 304,500, a 14% year-over-year increase from 267,500 DAGs in the third quarter of 2016.
Gross Food Sales were $867 million, an 18% year-over-year increase from $735 million in the third quarter of 2016.

“Grubhub generated both record revenue of $163 million and record Adjusted EBITDA of $1.54 per order in our seasonally soft third quarter,” commented Grubhub CFO, Adam DeWitt. “Our ability to improve profit per order while simultaneously investing for growth through product improvements, restaurant sales and broader consumer advertising underscores the financial strength of our model and the consistently growing value of our two-sided network.”

Corporate Development

Grubhub has completed all three of its previously announced acquisitions for a total consideration of approximately $360 million in cash. Grubhub closed the acquisition of Foodler, one of the leading online delivery platforms in New England, on Aug. 23, 2017, and closed the acquisition of 27 select OrderUp markets on Sept. 14, 2017. The contribution from these two acquisitions is included in Grubhub’s third quarter financial and operational results as of the closing dates. Additionally, Grubhub completed the acquisition of Eat24 and commenced its partnership with Yelp, the leading company that connects people with great local businesses, on Oct. 10, 2017.

Fourth Quarter Guidance

Based on information available as of Oct. 25, 2017, the Company is providing the following financial guidance for the fourth quarter of 2017, which includes the impact of the Eat24, Foodler and OrderUp acquisitions:

	Fourth Quarter 2017
	(in millions)
Expected Revenue range	$197 – $205
Expected Adjusted EBITDA range	$51 – $56

Third Quarter 2017 Financial Results Conference Call

Grubhub will webcast a conference call today at 9 a.m. CT to discuss the third quarter 2017 financial results. The webcast can be accessed on the Grubhub Investor Relations website at http://investors.grubhub.com, along with the Company’s earnings press release and financial tables. A replay of the webcast will be available at the same website until Nov. 8, 2017.

Use of Forward Looking Statements
This press release contains forward-looking statements regarding Grubhub, “the Company’s” or our management’s future expectations, beliefs, intentions, goals, strategies, plans and prospects, including the expected benefits to, and financial performance of, Grubhub following the acquisitions of Foodler, Eat24 and OrderUp and its strategic partnerships with Yelp and Groupon. Such statements constitute “forward-looking statements”, which are subject to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve substantial known and unknown risks, uncertainties and assumptions that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, but are not limited to, the matters set forth in the filings that we make with the Securities and Exchange Commission from time to time, including those set forth in the section entitled “Risk Factors” in our Annual Report on Form 10-K filed on February 28, 2017, which is on file with the SEC and are available on the Investor Relations section of our website at http://investors.grubhub.com/. Additional information will be set forth in our Quarterly Report on Form 10-Q that will be filed for the quarter ended September 30, 2017, which should be read in conjunction with these financial results. Please also note that forward-looking statements represent management’s beliefs and assumptions only as of the date of this press release. Except as required by law, we disclaim any intention to, and undertake no obligation to, publicly update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future.

Use of Non-GAAP Financial Measures
Adjusted EBITDA, non-GAAP net income and non-GAAP net income per diluted share attributable to common stockholders are financial measures that are not calculated in accordance with accounting principles generally accepted in the United States, or GAAP.

We define Adjusted EBITDA as net income adjusted to exclude acquisition, restructuring and certain legal costs, income taxes, interest income and expense, depreciation and amortization and stock-based compensation expense. Non-GAAP net income and non-GAAP net income per diluted share attributable to common stockholders exclude acquisition, restructuring and certain legal costs, amortization of acquired intangible assets, stock-based compensation expense and other nonrecurring items as well as the income tax effects of these non-GAAP adjustments. We use these non-GAAP financial measures as key performance measures because we believe they facilitate operating performance comparisons from period to period by excluding potential differences primarily caused by variations in capital structures, tax positions, the impact of acquisitions and restructuring, the impact of depreciation and amortization expense on our fixed assets and the impact of stock-based compensation expense. Adjusted EBITDA, non-GAAP net income and non-GAAP net income per diluted share attributable to common stockholders are not measurements of our financial performance under GAAP and should not be considered as an alternative to performance measures derived in accordance with GAAP.

See “Schedule of Non-GAAP Financial Measures Reconciliation” below for a reconciliation of net income to Adjusted EBITDA, non-GAAP net income and non-GAAP net income per diluted share attributable to common stockholders.

GRUBHUB INC.
STATEMENTS OF OPERATIONS
(in thousands, except per share data)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Revenues	$	163,059	$	123,461	$	477,987	$	355,874
Costs and expenses:
Operations and support		65,352		44,346		187,795		120,029
Sales and marketing		35,138		26,499		105,346		80,687
Technology (exclusive of amortization)		14,292		11,006		41,560		31,765
General and administrative		18,244		11,754		45,719		37,501
Depreciation and amortization		12,613		9,089		33,067		25,282
Total costs and expenses		145,639		102,694		413,487		295,264
Income before provision for income taxes		17,420		20,767		64,500		60,610
Provision for income taxes		4,432		7,585		19,043		24,690
Net income attributable to common stockholders	$	12,988	$	13,182	$	45,457	$	35,920
Net income per share attributable to common stockholders:
Basic	$	0.15	$	0.15	$	0.53	$	0.42
Diluted	$	0.15	$	0.15	$	0.52	$	0.42
Weighted-average shares used to compute net income per share attributable to common stockholders:
Basic		86,449		85,217		86,162		84,889
Diluted		88,543		86,424		87,788		85,957

KEY OPERATING METRICS

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Active Diners (000s)		9,806		7,685		9,806		7,685
Daily Average Grubs		304,500		267,500		314,200		268,800
Gross Food Sales (millions)	$	867.3	$	735.0	$	2,645.1	$	2,180.4

GRUBHUB INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)

	September 30, 2017		December 31, 2016
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	265,958	$	239,528
Short term investments		65,650		84,091
Accounts receivable, less allowances for doubtful accounts		73,745		60,550
Prepaid expenses and other current assets		9,430		12,168
Total current assets		414,783		396,337
PROPERTY AND EQUIPMENT:
Property and equipment, net of depreciation and amortization		62,225		46,555
OTHER ASSETS:
Other assets		4,130		4,530
Goodwill		454,557		436,455
Acquired intangible assets, net of amortization		360,549		313,630
Total other assets		819,236		754,615
TOTAL ASSETS	$	1,296,244	$	1,197,507
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Restaurant food liability	$	89,021	$	83,349
Accounts payable		11,869		7,590
Accrued payroll		9,223		7,338
Taxes payable		244		865
Other accruals		23,211		11,348
Total current liabilities		133,568		110,490
LONG TERM LIABILITIES:
Deferred taxes, non-current		103,210		108,022
Other accruals		6,511		6,876
Total long term liabilities		109,721		114,898
STOCKHOLDERS’ EQUITY:
Common stock, $0.0001 par value		9		9
Accumulated other comprehensive loss		(1,329)		(2,078)
Additional paid-in capital		837,711		805,731
Retained earnings		216,564		168,457
Total Stockholders’ Equity	$	1,052,955	$	972,119
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,296,244	$	1,197,507

GRUBHUB INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)

	Nine Months Ended September 30,
	2017		2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	45,457	$	35,920
Adjustments to reconcile net income to net cash from operating activities:
Depreciation		7,949		5,567
Provision for doubtful accounts		338		719
Deferred taxes		(2,162)		(1,908)
Amortization of intangible assets		25,118		19,715
Stock-based compensation		23,913		17,755
Deferred rent		130		980
Investment premium amortization		(624)		(406)
Other		150		114
Change in assets and liabilities, net of the effects of business acquisitions:
Accounts receivable		(12,108)		(22,299)
Prepaid expenses and other assets		2,790		(2,874)
Restaurant food liability		4,591		11,361
Accounts payable		2,965		(4,592)
Accrued payroll		1,575		582
Other accruals		6,351		1,799
Net cash provided by operating activities		106,433		62,433
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of investments		(145,667)		(187,456)
Proceeds from maturity of investments		164,733		210,567
Capitalized website and development costs		(15,281)		(8,859)
Purchases of property and equipment		(12,549)		(17,083)
Acquisitions of businesses, net of cash acquired		(51,859)		(65,849)
Acquisition of other intangible assets		(25,147)		(250)
Other cash flows from investing activities		589		(540)
Net cash used in investing activities		(85,181)		(69,470)
CASH FLOWS FROM FINANCING ACTIVITIES
Repurchases of common stock		—		(14,774)
Proceeds from exercise of stock options		12,505		11,814
Excess tax benefits related to stock-based compensation		—		22,114
Taxes paid related to net settlement of stock-based compensation awards		(7,696)		(1,205)
Payments for debt issuance costs		(285)		(1,477)
Net cash provided by financing activities		4,524		16,472
Net change in cash and cash equivalents		25,776		9,435
Effect of exchange rates on cash		654		(890)
Cash and cash equivalents at beginning of year		239,528		169,293
Cash and cash equivalents at end of the period	$	265,958	$	177,838
SUPPLEMENTAL DISCLOSURE OF NON CASH ITEMS
Cash paid for income taxes	$	16,340	$	5,757

GRUBHUB INC.
NON-GAAP FINANCIAL MEASURES RECONCILIATION
(in thousands, except per share data)

	Three Months Ended September 30, 2017				Nine Months Ended September 30,
	2017		2016		2017		2016
Net income	$	12,988	$	13,182	$	45,457	$	35,920
Income taxes		4,432		7,585		19,043		24,690
Depreciation and amortization		12,613		9,089		33,067		25,282
EBITDA		30,033		29,856		97,567		85,892
Acquisition, restructuring and legal costs		4,539		261		6,443		1,789
Stock-based compensation		8,475		5,349		23,913		17,755
Adjusted EBITDA	$	43,047	$	35,466	$	127,923	$	105,436

	Three Months Ended September 30, 2017				Nine Months Ended September 30,
	2017		2016		2017		2016
Net income	$	12,988	$	13,182	$	45,457	$	35,920
Stock-based compensation		8,475		5,349		23,913		17,755
Amortization of acquired intangible assets		6,455		5,385		16,828		16,070
Acquisition, restructuring and legal costs		4,539		261		6,443		1,789
Income tax adjustments		(7,936)		(4,243)		(19,770)		(14,780)
Non-GAAP net income	$	24,521	$	19,934	$	72,871	$	56,754
Weighted-average diluted shares used to compute net income per share attributable to common stockholders		88,543		86,424		87,788		85,957
Non-GAAP net income per diluted share attributable to common stockholders	$	0.28	$	0.23	$	0.83	$	0.66

	Guidance
	Three Months Ended December 31, 2017
	Low		High
	(in millions)
Net income	$	13.7	$	16.7
Income taxes		9.3		11.3
Interest expense – net		1.0		1.0
Depreciation and amortization		17.5		17.5
EBITDA		41.5		46.5
Acquisition and restructuring costs		—		—
Stock-based compensation		9.5		9.5
Adjusted EBITDA	$	51.0	$	56.0

Grubhub Partners with BJ’s Restaurant & Brewhouse® to Provide Online Ordering, Delivery and Corporate Catering for 100 Restaurant Locations Nationwide

CHICAGO and HUNTINGTON BEACH, Calif., Oct. 16, 2017 /PRNewswire/ — Grubhub (NYSE: GRUB), the nation’s leading online and mobile food-ordering company, today announced a new partnership with BJ’s Restaurants, Inc. (NASDAQ: BJRI) to provide turnkey delivery and corporate catering for 100 BJ’s Restaurant & Brewhouse® locations.

Guests can now order their favorite BJ’s dishes — whether it’s a deep-dish pizza, Brewhouse Slow-Roasted Prime Rib, or other fresh items from the broad and constantly evolving menu — easily through Grubhub’s online and mobile platforms.

“We are excited to be expanding our delivery options and combining BJ’s extensive menu with the convenience of Grubhub,” said Lon Ledwith, executive vice president of operations at BJ’s Restaurants, Inc. “Our focus on great taste and guest satisfaction pairs well with Grubhub’s focus on service and innovative technology.”

“Grubhub connects people with their favorite local restaurants, so they can order what they want, whenever the craving hits. The addition of BJ’s locations to Grubhub means diners can order some of their favorite menu items from the much-loved chain, like the iconic Pizookie® or a delicious handcrafted burger,” said Stan Chia, chief operating officer at Grubhub. “We are excited to have BJ’s as one of our national brands to provide the partnership and technology that will help them reach new guests. I hope that diners are delighted to see the availability of this beloved brand on the Grubhub platform.”

Delivery and corporate catering from Grubhub is now available at 100 BJ’s Restaurant & Brewhouse locations in California, Colorado, Florida, Kentucky, Maryland, Nevada, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Arizona, Texas, Virginia and the District of Columbia.

To get started with BJ’s delivery, visit Grubhub.com. For more information on Grubhub, please visit newsroom.grubhub.com.

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile takeout food-ordering marketplace with the most comprehensive network of restaurant partners and largest active diner base. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the Company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with approximately 75,000 restaurant partners in over 1,200 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, Eat24, Foodler, AllMenus and MenuPages.

About BJ’s Restaurants, Inc.
BJ’s Restaurants, Inc. currently owns and operates 195 casual dining restaurants under the BJ’s Restaurant & Brewhouse®, BJ’s Restaurant & Brewery®, BJ’s Pizza & Grill® and BJ’s Grill® brand names. BJ’s Restaurants offer an innovative and broad menu featuring award-winning, signature deep dish pizza complemented with generously portioned salads, appetizers, sandwiches, soups, pastas, entrees and desserts, including the Pizookie® dessert. Quality, flavor, value, moderate prices and sincere service remain distinct attributes of the BJ’s experience. All restaurants feature BJ’s critically acclaimed proprietary craft beers, which are produced at several of the Company’s Restaurant & Brewery locations, its two brewpubs in Texas and by independent third party craft brewers.

The Company’s restaurants are located in the 25 states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Kentucky, Louisiana, Maryland, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington. Visit BJ’s Restaurants, Inc. on the Web at http://www.bjsrestaurants.com for locations and additional information.

Grubhub Completes Acquisition of Eat24

CHICAGO, Oct. 10, 2017 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), the nation’s largest food ordering company, today closed its previously announced acquisition of Eat24.

With approximately 75,000 great local restaurants available online or on the app, Grubhub has the most complete restaurant network for online pickup and delivery ordering in the United States. In conjunction with the acquisition, Grubhub and Yelp have also commenced a long-term partnership agreement, which will bring online ordering for all Grubhub restaurant partners to the Yelp local goods and services platform.

“Grubhub creates unmatched value for our restaurant partners and the best possible experience for diners,” said Matt Maloney, Grubhub CEO. “Eat24’s loyal diner base and extensive restaurant selection will satisfy more diners while driving more orders to restaurants and our drivers. We couldn’t be more excited about the Eat24 acquisition and Yelp partnership.”

With the close of the Eat24 deal, Grubhub has completed all three of the acquisitions discussed on its second quarter earnings call, including Foodler and OrderUp. In connection with these acquisitions, Grubhub has refinanced its existing credit facility with a new five-year, $350 million committed facility, consisting of a $125 million term loan and an expanded $225 million revolving credit facility.

Grubhub will discuss the financial and operational impacts of these transactions on its upcoming third quarter earnings call.

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile takeout food-ordering marketplace with the most comprehensive network of restaurant partners and largest active diner base. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the Company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with approximately 75,000 restaurant partners in over 1,200 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, Eat24, Foodler, AllMenus and MenuPages.

Grubhub To Announce Third Quarter 2017 Financial Results On Oct. 25, 2017

CHICAGO, Oct. 10, 2017 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), the nation’s leading online and mobile food-ordering and delivery marketplace, today announced that it will host a conference call to discuss its third quarter financial results on Wednesday, Oct. 25, 2017, at 9:00 a.m. CT, following the release of the Company’s financial results. CEO Matt Maloney and CFO Adam DeWitt will host the webcast.

The live webcast of the conference call will be available on the investor relations section of the Grubhub website at http://investors.grubhub.com/. Following completion of the call, a recording of the webcast will be available on the website.

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile takeout food-ordering marketplace with the most comprehensive network of restaurant partners and largest active diner base. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the Company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with approximately 75,000 restaurant partners in over 1,200 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, Eat24, Foodler, AllMenus and MenuPages.

Grubhub Data Reveals Savvy Online Ordering Trends Across America

Analysis of Grubhub features designed for ease of use reveals data trends on the habits of the nation’s online ordering superstars, showcasing differences by city and gender

CHICAGO, Sept. 19, 2017 /PRNewswire/ — Grubhub, the nation’s leading takeout marketplace, today announced the results of its analysis of the past year’s efficient ordering trends. The findings provide insights on how people are using Grubhub’s Express Reorder, Preorder and Pickup features to place takeout orders with ease.

Some savvy ordering “winners” include:

New York City, taking the top spot in the “Fastest Foodies” category. New Yorkers use the Express Reorder feature 91 percent more than the rest of the country.
Portland, Ore., leading the pack in the “Food Forecasters” category. Portland diners use Preorder, Grubhub’s feature that lets diners order up to five days in advance, 140 percent more than the rest of the country, planning their meals ahead of time.
Albany, N.Y., placing first in the “City Skippers” category. People in Albany use Grubhub’s Pickup feature 101 percent more than the rest of the country to skip the lines and delivery fees.
Overall, females are more likely to plan ahead using Preorder 105 percent more than males.
Meanwhile, males are more likely to quickly reorder a favorite past meal, leveraging Express Reorder 18 percent more than females.
New Yorkers, placing as the top banana orderers! People in the Big Apple quickly reorder bananas 85 percent more than the rest of the country.

“We’re committed to finding new ways to connect our diners with great local restaurants so that they can discover the food they want, whenever the craving hits,” said Barbara Martin Coppola, CMO, Grubhub. “Whether our diners are planning ahead by preordering, picking up at the restaurant to skip the line, or quickly reordering from one of their favorites, we’re always gathering feedback and using insights from our diners to introduce features that make their lives easier.”

Methodology:

Grubhub’s talented team of data analysts looked at usage of the Express Reorder, Preorder and Pickup features of the Grubhub platform from July 2016 to July 2017. The superlative-style rankings of cities were determined by comparing each city’s orders to those of Grubhub diners across the nation. The most popular dish per feature was determined by orders placed using that feature in a particular city versus a standard (not using the feature) order placed in the same city. Male versus female order habits were determined by analyzing the order data of males in comparison to females on the Grubhub platform.

Data Findings Include:

Top 10 “Fastest Foodie” Cities & Fun Facts
Cities that most commonly use the Express Reorder feature`

New York City places 91 percent more Express Reorders than the rest of the U.S.
1. Most Express Reordered Dish: Turkey sandwich
2. Gender Wars: Males place 41 percent more Express Reorders than females
Cambridge, Mass. places 72 percent more Express Reorders than the rest of the U.S.
1. Most Express Reordered Dish: Vegetable tempura
2. Gender Wars: Males place 39 percent more Express Reorders than females
San Francisco places 60 percent more Express Reorders than the rest of the U.S.
1. Most Express Reordered Dish: Jeera rice
2. Gender Wars: Males place 46 percent more Express Reorders than females
Somerville, Mass. places 56 percent more Express Reorders than the rest of the U.S.
1. Most Express Reordered Dish: Salmon roll
2. Gender Wars: Males place 31 percent more Express Reorders than females
Boston places 52 percent more Express Reorders than the rest of the U.S.
1. Most Express Reordered Dish: Spicy scallop roll
2. Gender Wars: Males place 22 percent more Express Reorders than females
Los Angeles places 32 percent more Express Reorders than the rest of the U.S.
1. Most Express Reordered Dish: Hashbrowns
2. Gender Wars: Males place 27 percent more Express Reorders than females
Jersey City, N.J. places 27 percent more Express Reorders than the rest of the U.S.
1. Most Express Reordered Dish: Boneless chicken kabobs
2. Gender Wars: Male place 48 percent more Express Reorders than females
Washington, D.C. places 22 percent more Express Reorders than the rest of the U.S.
1. Most Express Reordered Dish: Goat biryani
2. Gender Wars: Males place 8 percent more Express Reorders than females
Chicago places 19 percent more Express Reorders than the rest of the U.S.
1. Most Express Reordered Dish: Chicken makhani
2. Gender Wars: Males place 13 percent more Express Reorders than females
Arlington, Va. places 14 percent more Express Reorders than the rest of the U.S.
1. Most Express Reordered Dish: Chicken pakora
2. Gender Wars: Males placed 23 percent more Express Reorders than females

Top 10 “Food Forecaster” Cities & Fun Facts
Cities that most commonly use the Preorder feature

Portland, Ore. places 140 percent more Preorders than the rest of the U.S
1. Most Preordered Dish: Chicken tacos
2. Gender Wars: Females place 195 percent more Preorders than males
Austin, Texas places 104 percent more Preorders than the rest of the U.S
1. Most Preordered Dish: Tortilla soup
2. Gender Wars: Females place 107 percent more Preorders than males
Dallas places 87 percent more Preorders than the rest of the U.S
1. Most Preordered Dish: Cobb salad
2. Gender Wars: Females place 161 percent more Preorders than males
San Diego places 76 percent more Preorders than the rest of the U.S
1. Most Preordered Dish: Mediterranean salad
2. Gender Wars: Females place 129 percent more Preorders than males
Houston places 65 percent more Preorders than the rest of the U.S
1. Most Preordered Dish: Chicken salad sandwich
2. Gender Wars: Females place 200 percent more Preorders than males
Seattle places 45 percent more Preorders than the rest of the U.S
1. Most Preordered Dish: Veggie pizza
2. Gender Wars: Females place 117 percent more Preorders than males
Rochester, N.Y. places 38 percent more Preorders than the rest of the U.S
1. Most Preordered Dish: Buffalo chicken salad
2. Gender Wars: Females place 85 percent more Preorders than males
Boston places 32 percent more Preorders than the rest of the U.S
1. Most Preordered Dish: Veggie pizza
2. Gender Wars: Females place 117 percent more Preorders than males
San Francisco places 30 percent more Preorders than the rest of the U.S
1. Most Preordered Dish: Cobb salad
2. Gender Wars: Females place 86 percent more Preorders than males
Las Vegas places 28 percent more Preorders than the rest of the U.S
1. Most Preordered Dish: Chinese chicken salad
2. Gender Wars: Females place 88 percent more Preorders than males

Top 10 “City Skippers” Cities & Fun Facts
Cities that most commonly use the Pickup feature to skip the lines and delivery fees

Albany, N.Y. places 101 percent more Pickups than the rest of the U.S
1. Dish Most Ordered for Pickup: Bacon, egg and cheese sandwich
2. Gender Wars: Females place 2 percent more Pickups than males
New Brunswick, N.Y. places 98 percent more Pickups than the rest of the U.S
1. Dish Most Ordered for Pickup: Chipotle chicken wrap
2. Gender Wars: Males place 39 percent more Pickups than females
Evanston, Ill. places 92 percent more Pickups than the rest of the U.S
1. Dish Most Ordered for Pickup: Philadelphia roll
2. Gender Wars: Females place 11 percent more Pickups than males
College Park, Md. places 80 percent more Pickups than the rest of the U.S
1. Dish Most Ordered for Pickup: Rainbow roll
2. Gender Wars: Females place 25 percent more Pickups than males
Troy, N.Y. places 80 percent more Pickups than the rest of the U.S
1. Dish Most Ordered for Pickup: Chicken pesto pizza
2. Gender Wars: Males place 8 percent more Pickups than females
Cambridge, Mass. places 58 percent more Pickups than the rest of the U.S
1. Dish Most Ordered for Pickup: Chicken tikka masala
2. Gender Wars: Females place 6 percent more Pickups than males
Boston places 58 percent more Pickup than the rest of the country
1. Dish Most Ordered for Pickup: Yellowtail and scallion roll
2. Gender Wars: Females place 3 percent more Pickups than males
Philadelphia places 42 percent more Pickups than the rest of the country
1. Dish Most Ordered for Pickup: Grilled chicken cobb salad
2. Gender Wars: Females place 2 percent more Pickups than males
Rochester, N.Y. places 41 percent more Pickups than the rest of the country
1. Dish Most Ordered for Pickup: Fajita burrito
2. Gender Wars: Males place 11 percent more Pickups than females
Stamford, Conn. places 41 percent more Pickups than the rest of the country
1. Dish Most Ordered for Pickup: Barbecue chicken wings
2. Gender Wars: Females place 9 percent more Pickups than males

To view the full analysis, please email press@grubhub.com.

About Grubhub

Grubhub (NYSE: GRUB) is the nation’s leading online and mobile takeout food-ordering marketplace with the most comprehensive network of restaurant partners and largest active diner base. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with more than 55,000 restaurant partners in over 1,200 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, AllMenus and MenuPages.

Grubhub Partners with Portland Food Carts to Power SMBs and Bring Diners Local Favorites

Online Ordering Leader Will Enable Food Carts to Reach More Customers and Provide Diners with Unique Flavors and Cuisines

PORTLAND, Ore., Sept. 19, 2017 /PRNewswire/ — Grubhub, the nation’s leading takeout marketplace, announced today that it has partnered with Portland’s legendary food cart collection. Portlanders can now have their favorite food cart flavors delivered from the foodie hot spots of Rose City Park, Portland Mercado and Happy Valley Station via a customized website.

The partnership highlights Grubhub’s dedication to small businesses and diners. It will create new ways to connect hungry diners to their favorite local cuisines and empower restaurants to reach more customers than ever before.

“Portland’s food carts are legendary for bringing unique flavors to diners and offering chefs an alternative to opening a traditional restaurant,” said Greg Trombley, Grubhub director, Portland co-site leader and former managing partner at Portland-based Delivered Dish. “We’re thrilled to support the community with an easy, efficient way to order food cart favorites, while providing independent vendors with vital tools to grow their business.”

Grubhub’s expansion to Portland food carts exemplifies the company’s commitment to reinventing how restaurants do business. Through this partnership, Grubhub will help restaurants enhance their takeout and delivery experiences and open up additional revenue streams.

The many Portland food carts that have partnered with Grubhub include Jouk Li Jou, La Arepa, and Carlito’s Cocina.

“I grew up on Puerto Rican food; it feels like home to me. I want to share that feeling with the Portland community that embraces the food culture I love,” said Karlo Prado, owner and operator of Carlito’s Cocina, a Puerto Rican-inspired food cart at Portland Mercado. “Partnering with Grubhub will expand my customer base and increase orders, especially during fall and winter when people are less likely to visit food parks.”

Grubhub has built a customized website through which hungry diners can filter and search for their favorite cuisines in their preferred food park. To see the full list of participating food carts, please visit: http://foodcarts.grubhub.com/portland/.

Grubhub has now partnered with food carts in a range of cities across the country, including Austin, Los Angeles and Miami.

To find takeout restaurants available in your area, check out Grubhub.com. If you are interested in becoming part of the Grubhub Delivery team, please visit driver.grubhub.com. To find out how your restaurant can join Grubhub, check out get.grubhub.com. To learn more about Grubhub and its portfolio of brands, please visit newsroom.grubhub.com.

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile takeout food-ordering marketplace with the most comprehensive network of restaurant partners and largest active diner base. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the Company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with more than 55,000 restaurant partners in over 1,200 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, AllMenus, MenuPages, LAbite, Restaurants on the Run, DiningIn and Delivered Dish.

Grubhub and Yelp Announce Long-term Partnership to Connect Consumers with the Best Food Ordering Options

Leader in online food ordering expands marketplace with acquisition of Yelp’s Eat24; Yelp Platform broadens reach through integration of Grubhub restaurant network

CHICAGO and SAN FRANCISCO, Aug. 3, 2017 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), the nation’s leading online and mobile food ordering company, and Yelp Inc. (NYSE: YELP), the leader in connecting people with great local businesses, today announced a long-term partnership designed to capitalize on each company’s unique assets and propel online takeout and delivery. As part of the agreement, Grubhub will acquire Yelp’s Eat24 business and Yelp will integrate online ordering from all Grubhub restaurants onto its extensive local goods and services platform.

“Grubhub and Yelp, market leaders in their respective fields, have a shared mission of connecting consumers to local businesses. With such complementary goals and strengths, Jeremy and I are excited to form a partnership that will allow each company to focus on its respective expertise, while working together to expand local e-commerce for diners and restaurants,” said Matt Maloney, Grubhub’s founder and chief executive officer. “Adding Eat24’s large diner base and thousands of restaurants to our platform will accelerate Grubhub’s mission to become the most comprehensive marketplace connecting takeout diners and restaurants. The long-term agreement ensures that Grubhub also has access to Yelp’s enormous user base and clear content leadership to help drive more diners to our restaurants.”

“Bringing Grubhub onto the Yelp Platform through this long-term partnership will be a win for everyone. Consumers get a high-quality end-to-end experience with a wider selection of restaurants and better delivery options. Restaurant partners receive increased online exposure and the opportunity for increased order volume, as well as expanded delivery support. Yelp and Grubhub benefit from greater scale and sharper operating focus,” said Jeremy Stoppelman, Yelp’s co-founder and chief executive officer. “We expect Grubhub’s acquisition of Eat24 to create significant value for our consumers, restaurant partners and stockholders. The Eat24 team deserves credit for the transformational impact they’ve had as part of Yelp, and I’m pleased that we will continue to pursue this huge market opportunity in partnership with Grubhub.”

The acquisition will benefit diners, restaurants, Grubhub and Yelp:

Diners: Together, Grubhub and Eat24 will form the largest network of restaurants offering online and mobile food ordering in the United States. Diners will have the ability to discover and order from approximately 75,000 great local restaurants through either Grubhub’s or Yelp’s easy-to-use interface and take advantage of the industry’s lowest diner fees.
Restaurants: Connecting Grubhub’s unmatched restaurant network and efficient delivery infrastructure to Yelp’s large purchase-oriented audience will give Grubhub’s restaurant partners access to new potential diners and the opportunity for increased orders. Extending Eat24’s restaurants to Grubhub’s sizable diner network will help drive new diners and incremental revenue to Eat24 restaurant partners.
Grubhub: The combination of Eat24’s much-loved brand and significant reach will enable Grubhub to address more diners and drive more volume in all markets.
Yelp: The partnership adds tens of thousands of order-ready restaurants to the Yelp Platform and increases the availability of food delivery via Yelp, which will drive usage and transaction velocity in Yelp’s most highly-trafficked category.

The long-term partnership agreement between Grubhub and Yelp has an initial term of five years, commencing upon the closing of Grubhub’s acquisition of Eat24. Additionally, Grubhub has entered into a definitive agreement to acquire Eat24 for $287.5 million in cash, subject to standard closing conditions, including the expiration of U.S. antitrust waiting periods. Grubhub’s acquisition of Eat24 is expected to be funded through a combination of cash on hand and debt.

Grubhub and Yelp will discuss the partnership and acquisition of Eat24 on their earnings calls today, at 3:30 p.m. Central Time / 1:30 p.m. Pacific Time and 4:30 p.m. Central Time / 2:30 p.m. Pacific Time, respectively. A live webcast of the conference calls will be available at https://investors.grubhub.com and www.yelp-ir.com.

In connection with the acquisition of Eat24, Kirkland & Ells LLP is acting as legal advisor to Grubhub and Orrick Herrington & Sutcliffe LLP is acting as legal advisor to Yelp.

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile takeout food-ordering marketplace with the most comprehensive network of restaurant partners and largest active diner base. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with more than 55,000 restaurant partners in over 1,200 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, AllMenus and MenuPages.

About Yelp
Yelp Inc. (NYSE: YELP) connects people with great local businesses. Yelp was founded in San Francisco in July 2004. Since then, Yelp has taken root in major metros in more than 30 countries. Approximately 28 million unique devices accessed Yelp via the Yelp app, approximately 83 million unique visitors visited Yelp via desktop computer and approximately 74 million unique visitors visited Yelp via mobile website on a monthly average basis during the second quarter of 2017. By the end of the same quarter, Yelpers had written approximately 135 million rich, local reviews, making Yelp the leading local guide for real word-of-mouth on everything from boutiques and mechanics to restaurants and dentists.

Use of Forward Looking Statements
This press release contains forward-looking statements regarding Grubhub and Yelp management’s future expectations, beliefs, intentions, goals, strategies, plans and prospects regarding Grubhub’s acquisition of Eat24 and the long-term partnership between Grubhub and Yelp, as well as the potential impact of the acquisition and partnership on each company’s financial results, business, consumers and restaurant partners, and the expected means of funding the acquisition. Such statements constitute “forward-looking” statements, which are subject to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and assumptions that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, but are not limited to, with respect to Grubhub, the matters set forth in the filings that Grubhub makes with the Securities and Exchange Commission from time to time, including those set forth in the section entitled “Risk Factors” in Grubhub’s Annual Report on Form 10-K filed on Feb. 28, 2017, which is on file with the SEC and are available on the Investor Relations section of Grubhub’s website at http://investors.grubhub.com/ and, with respect to Yelp, the matters set forth in the filings that Yelp makes with the SEC from time to time, including those set forth under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Yelp’s most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q at http://www.yelp-ir.com or the SEC’s website at www.sec.gov. Please also note that forward-looking statements represent management’s beliefs and assumptions only as of the date of this press release. Except as required by law, Grubhub and Yelp assume no obligation to publicly update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future.

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