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Grubhub Reports First Quarter 2021 Results

Grubhub generates 52% revenue growth in the first quarter

CHICAGO, April 28, 2021 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), a leading online and mobile food-ordering and delivery marketplace, today announced financial results for the first quarter ended March 31, 2021 and also posted a letter to shareholders on its investor relations website. For the first quarter, the Company reported revenues of $551 million, which is a 52% year-over-year increase from $363 million in the same period last year. Gross Food Sales grew 60% year-over-year to $2.6 billion, up from $1.6 billion in the first quarter of 2020.

“We are proud of our continued role in helping restaurants grow their businesses and supporting the communities where they operate. Our team continued its strong execution in the first quarter – easily hitting records for all of our key business metrics,” said Matt Maloney, Grubhub founder and CEO. “With yesterday’s public filing of the registration statement and preliminary proxy statement with the SEC and the Grubhub special stockholder meeting expected to take place in June, we are looking forward to closing the transaction in the coming months and beginning our next chapter as part of the Just Eat Takeaway.com family.”

First Quarter 2021 Highlights
The following results reflect the financial performance and key operating metrics of our business for the three months ended March 31, 2021, as compared to the same period in 2020.

First Quarter Financial Highlights

Revenues: $550.6 million, a 52% year-over-year increase from $363.0 million in the first quarter of 2020.
Net (Loss): $(75.5) million, or $(0.81) per diluted share, a decrease from $(33.4) million, or $(0.36) per diluted share, in the first quarter of 2020.
Non-GAAP Adjusted EBITDA: $(9.3) million, a decrease from $21.0 million in the first quarter of 2020.
Non-GAAP Net (Loss): $(52.5) million, or $(0.56) per diluted share, a decrease from $(37) thousand, or $(0.00) per diluted share, in the first quarter of 2020.

First Quarter Key Business Metrics Highlights¹

Active Diners: 33.0 million, a 38% year-over-year increase from 23.9 million Active Diners in the first quarter of 2020.
Daily Average Grubs (DAGs): 745,700, a 44% year-over-year increase from 516,300 DAGs in the first quarter of 2020.
Gross Food Sales: $2.6 billion, a 60% year-over-year increase from $1.6 billion in the first quarter of 2020.


¹ Key Business Metrics are defined on page 29 of our Annual Report on Form 10-K filed on March 1, 2021.

“We saw strength across all of our markets during the first quarter, with the highest growth coming in places with a heavy existing competitive presence. We also observed a continued, steady recovery in our largest market, New York City,” said Adam DeWitt, Grubhub president and CFO. “Order growth accelerated in the high-single digits compared to the fourth quarter of 2020, even when normalizing for the initial COVID-related deceleration in the second half of March 2020. We believe our robust hybrid marketplace model is well positioned as we transition to a post-COVID environment.”

Guidance
Given Grubhub’s pending acquisition by Just Eat Takeaway.com, it is no longer issuing forward-looking guidance.

About Grubhub
Grubhub (NYSE: GRUB) is a leading online and mobile food-ordering and delivery marketplace with the largest and most comprehensive network of restaurant partners, as well as 33 million active diners. Dedicated to connecting diners with the food they love from their favorite local restaurants, Grubhub elevates food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub features over 300,000 restaurants and is proud to partner with over 280,000 of these restaurants in over 4,000 U.S. cities. The Grubhub portfolio of brands includes Grubhub, Seamless, LevelUp, AllMenus and MenuPages.

Forward-Looking Statements
This communication contains “forward-looking statements” regarding Grubhub, Just Eat Takeaway.com or their respective management’s future expectations, beliefs, intentions, goals, strategies, plans and prospects, which, in the case of Grubhub, are made in reliance on the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve substantial risks, known and unknown, uncertainties, assumptions and other factors that may cause actual results, performance or achievements to differ materially from future results expressed or implied by such forward-looking statements including, but not limited to, the occurrence of any event, change or other circumstances that could give rise to the right of one or both of Grubhub or Just Eat Takeaway.com to terminate the merger agreement; the ability to obtain approval by Grubhub stockholders on the expected schedule or at all; difficulties and delays in integrating Grubhub’s and Just Eat Takeaway.com’s businesses; risks that the proposed merger disrupts Grubhub’s or Just Eat Takeaway.com’s current plans and operations; failing to fully realize anticipated synergies, cost savings and other anticipated benefits of the proposed merger when expected or at all; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed merger; the risk that unexpected costs will be incurred; the ability of Grubhub or Just Eat Takeaway.com to retain and hire key personnel; the diversion of management’s attention from ongoing business operations; uncertainty as to the value of the Just Eat Takeaway.com ordinary shares to be issued in connection with the proposed merger; uncertainty as to the long-term value of the common stock of the combined company following the proposed merger; the continued availability of capital and financing following the proposed merger; the outcome of any legal proceedings that may be instituted against Grubhub, Just Eat Takeaway.com or their respective directors and officers; changes in global, political, economic, business, competitive, market and regulatory forces; changes in tax laws, regulations, rates and policies; future business acquisitions or disposals; competitive developments; and the timing and occurrence (or non-occurrence) of other events or circumstances that may be beyond Grubhub’s and Just Eat Takeaway.com’s control. These and other risks, uncertainties, assumptions and other factors may be amplified or made more uncertain by the COVID-19 pandemic, which has caused significant economic uncertainty.

The extent to which the COVID-19 pandemic impacts Grubhub’s and Just Eat Takeaway.com’s businesses, operations and financial results, including the duration and magnitude of such effects, will depend on numerous factors, which are unpredictable, including, but not limited to, the duration and spread of the outbreak, its severity, the actions taken to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume. Forward-looking statements generally relate to future events or Grubhub and Just Eat Takeaway.com’s future financial or operating performance and include, without limitation, statements relating to the proposed merger and the potential impact of the COVID-19 outbreak on Grubhub and Just Eat Takeaway.com’s business and operations. In some cases, you can identify forward-looking statements because they contain words such as “anticipates,” “believes,” “contemplates,” “could,” “seeks,” “estimates,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “will,” “would” or similar expressions and the negatives of those terms.

While forward-looking statements are Grubhub’s and Just Eat Takeaway.com’s current predictions at the time they are made, you should not rely upon them. Forward-looking statements represent Grubhub’s and Just Eat Takeaway.com’s management’s beliefs and assumptions only as of the date of this communication, unless otherwise indicated, and there is no implication that the information contained in this communication is made subsequent to such date. For additional information concerning factors that could cause actual results and outcomes to differ materially from those expressed or implied in the forward-looking statements, please refer to the cautionary statements and risk factors included in Grubhub’s filings with the Securities and Exchange Commission (the “SEC”), including Grubhub’s Annual Report on Form 10-K filed with the SEC on March 1, 2021, Grubhub’s Quarterly Reports on Form 10-Q and any further disclosures Grubhub makes in Current Reports on Form 8-K. Grubhub’s SEC filings are available electronically on Grubhub’s investor website at investors.grubhub.com or the SEC’s website at www.sec.gov. For additional information concerning factors that could cause future results to differ from those expressed or implied in the forward-looking statements, please refer to Just Eat Takeaway.com’s non-exhaustive list of key risks and cautionary statements included in Just Eat Takeaway.com’s Annual Report, which is available electronically on Just Eat Takeaway.com’s investor website at www.justeattakeaway.com. Except as required by law, Grubhub and Just Eat Takeaway.com assume no obligation to update these forward-looking statements or this communication, or to update, supplement or correct the information set forth in this communication or the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. All subsequent written and oral forward-looking statements attributable to Grubhub, Just Eat Takeaway.com or any person acting on behalf of either party are expressly qualified in their entirety by the cautionary statements referenced above.

Additional Information and Where to Find It
In connection with the proposed merger, Just Eat Takeaway.com has filed with the SEC a registration statement on Form F-4 to register the shares to be issued in connection with the proposed merger. The registration statement has not yet become effective and includes a preliminary proxy statement of Grubhub/prospectus of Just Eat Takeaway.com which, when finalized, will be sent to the stockholders of Grubhub seeking their approval of the respective merger-related proposals. Also in connection with the proposed merger, Just Eat Takeaway.com will file with the Netherlands Authority for the Financial Markets (“AFM”) and/or the UK Financial Conduct Authority (“FCA”) a prospectus for the listing and admission to trading on Euronext Amsterdam and/or the admission to listing on the FCA’s Official List and to trading on the London Stock Exchange’s Main Market for listed securities of the shares to be issued in connection with the proposed merger (the “Prospectus”).

INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM F-4 AND THE RELATED PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM F-4, THE PROSPECTUS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC, THE AFM AND/OR THE FCA IN CONNECTION WITH THE PROPOSED MERGER, WHEN THEY BECOME AVAILABLE, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT GRUBHUB, JUST EAT TAKEAWAY.COM AND THE PROPOSED MERGER.

Investors and security holders may obtain copies of these documents and any other documents filed with or furnished to the SEC by Grubhub or Just Eat Takeaway.com free of charge through the website maintained by the SEC at www.sec.gov, from Grubhub at its website, investors.grubhub.com, or from Just Eat Takeaway.com at its website www.justeattakeaway.com. The Prospectus, as well as any supplement thereto, will be made available on the website of Just Eat Takeaway.com at its website www.justeattakeaway.com.

Participants in the Solicitation
Grubhub, Just Eat Takeaway.com and their respective directors and certain of their respective executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed merger under the rules of the SEC. Information about Grubhub’s directors and executive officers is available in Grubhub’s definitive proxy statement dated April 28, 2021 for its 2021 Annual Meeting of Stockholders. To the extent holdings of Grubhub securities by directors or executive officers of Grubhub have changed since the amounts contained in the definitive proxy statement for Grubhub’s 2021 Annual Meeting of Stockholders, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. These documents are available free of charge from the sources indicated above, and from Grubhub by going to its investor relations page on its corporate website at investors.grubhub.com. Information about Just Eat Takeaway.com’s directors and executive officers and a description of their interests are set forth in Just Eat Takeaway.com’s 2020 Annual Report, which may be obtained free of charge from Just Eat Takeaway.com’s website, www.justeattakeaway.com. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed merger when they become available. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from Grubhub or Just Eat Takeaway.com using the sources indicated above.

No Offer or Solicitation
This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended and applicable United Kingdom, Dutch and other European regulations.

Use of Non-GAAP Financial Measures
Adjusted EBITDA, non-GAAP net income (loss) and non-GAAP net income (loss) 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 (loss) adjusted to exclude merger, acquisition, restructuring and certain legal costs, income taxes, net interest expense, depreciation and amortization and stock-based compensation expense. Non-GAAP net income (loss) and non-GAAP net income (loss) per diluted share attributable to common stockholders exclude merger, 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, restructuring and certain legal costs, 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 (loss) and non-GAAP net income (loss) 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 “Non-GAAP Financial Measures Reconciliation” below for a reconciliation of net income (loss) to Adjusted EBITDA, non-GAAP net income (loss) and non-GAAP net income (loss) per diluted share attributable to common stockholders.

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

	Three Months Ended March 31,
	2021		2020
Revenues	$	550,592	$	362,980
Costs and expenses:
Operations and support		393,486		214,561
Sales and marketing		127,234		90,742
Technology (exclusive of amortization)		31,951		31,273
General and administrative		29,124		38,949
Depreciation and amortization		37,717		33,363
Total costs and expenses		619,512		408,888
Loss from operations		(68,920)		(45,908)
Interest expense, net		7,158		6,380
Loss before provision for income taxes		(76,078)		(52,288)
Income tax benefit		(617)		(18,861)
Net loss attributable to common stockholders	$	(75,461)	$	(33,427)
Net loss per share attributable to common stockholders
Basic	$	(0.81)	$	(0.36)
Diluted	$	(0.81)	$	(0.36)
Weighted-average shares used to compute net loss per share attributable to common stockholders:
Basic		93,215		91,793
Diluted		93,215		91,793

KEY BUSINESS METRICS

	Three Months Ended March 31,
	2021		2020
Active Diners (000s)		32,960		23,892
Daily Average Grubs		745,700		516,300
Gross Food Sales (millions)	$	2,604	$	1,630

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

	March 31, 2021		December 31, 2020
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	348,837	$	360,232
Short-term investments		55,824		53,126
Accounts receivable, less allowances for doubtful accounts		104,727		111,802
Income tax receivable		22,229		22,472
Prepaid expenses and other current assets		20,408		24,765
Total current assets		552,025		572,397
PROPERTY AND EQUIPMENT:
Property and equipment, net of depreciation and amortization		217,677		216,146
OTHER ASSETS:
Other assets		54,373		49,201
Deferred tax assets, non-current		142		142
Operating lease right-of-use asset		85,150		88,227
Goodwill		1,007,968		1,007,968
Acquired intangible assets, net of amortization		445,136		454,838
Total other assets		1,592,769		1,600,376
TOTAL ASSETS	$	2,362,471	$	2,388,919
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Restaurant food liability	$	136,280	$	141,802
Accounts payable		16,877		19,859
Accrued payroll		40,871		27,346
Current operating lease liability		17,598		17,897
Other accruals		180,412		149,278
Total current liabilities		392,038		356,182
LONG-TERM LIABILITIES:
Deferred taxes, non-current		16,823		17,777
Noncurrent operating lease liability		100,251		103,416
Long-term debt		494,330		494,103
Other accruals		6		644
Total long-term liabilities		611,410		615,940
STOCKHOLDERS’ EQUITY:
Common stock, $0.0001 par value		9		9
Accumulated other comprehensive loss		(1,167)		(1,275)
Additional paid-in capital		1,260,714		1,243,135
Retained earnings		99,467		174,928
Total Stockholders’ Equity	$	1,359,023	$	1,416,797
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	2,362,471	$	2,388,919

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

	Three Months Ended March 31,
	2021		2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(75,461)	$	(33,427)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation		12,294		8,658
Amortization of intangible assets and developed software		25,423		24,705
Stock-based compensation		20,954		20,185
Deferred taxes		(954)		(2,725)
Other		(448)		3,479
Changes in assets and liabilities
Accounts receivable		6,861		(18,333)
Income taxes receivable		243		(16,311)
Prepaid expenses and other assets		(83)		(4,602)
Restaurant food liability		(5,522)		20,857
Accounts payable		(3,460)		4,678
Accrued payroll		13,525		4,277
Other accruals		30,583		26,085
Net cash provided by operating activities		23,955		37,526
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of investments		(31,150)		(19,790)
Proceeds from maturity of investments		28,465		32,900
Capitalized website and development costs		(13,848)		(14,243)
Purchases of property and equipment		(9,833)		(19,678)
Acquisition of other intangible assets		—		(510)
Other cash flows from investing activities		(200)		(250)
Net cash used in investing activities		(26,566)		(21,571)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings under the credit facility		—		175,000
Taxes paid related to net settlement of stock-based compensation awards		(9,028)		(8,051)
Proceeds from exercise of stock options		1,088		1,414
Other cash flows from financing activities		(900)		—
Net cash provided by (used in) financing activities		(8,840)		168,363
Net change in cash, cash equivalents, and restricted cash		(11,451)		184,318
Effect of exchange rates on cash, cash equivalents and restricted cash		66		(600)
Cash, cash equivalents, and restricted cash at beginning of year		362,897		379,594
Cash, cash equivalents, and restricted cash at end of the period	$	351,512	$	563,312

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

	Three Months Ended March 31,
	2021		2020
Net loss	$	(75,461)	$	(33,427)
Income taxes		(617)		(18,861)
Interest expense, net		7,158		6,380
Depreciation and amortization		37,717		33,363
EBITDA		(31,203)		(12,545)
Merger, acquisition, restructuring and certain legal costs		967		13,376
Stock-based compensation		20,954		20,185
Adjusted EBITDA	$	(9,282)	$	21,016

Net loss per order	$	(1.12)	$	(0.71)
Adjusted EBITDA per order	$	(0.14)	$	0.45

	Three Months Ended March 31,
	2021		2020
Net loss	$	(75,461)	$	(33,427)
Stock-based compensation		20,954		20,185
Amortization of acquired intangible assets		9,702		12,685
Merger, acquisition, restructuring and certain legal costs		967		13,376
Income tax adjustments		(8,696)		(12,856)
Non-GAAP loss	$	(52,534)	$	(37)
Weighted-average diluted shares used to compute Non-GAAP loss per share attributable to common stockholders		93,215		91,793
Non-GAAP loss per diluted share attributable to common stockholders	$	(0.56)	$	(0.00)

Grubhub Q1 2021 Earnings Results

Grubhub Statement on Derek Chauvin Verdict

No court decision can bring George Floyd back to his friends and family. But with this verdict we find a sense of accountability and take a small step toward the systemic change needed. Much more work must be done, and we remain committed to standing up and supporting actions that bring enduring change.

Grubhub To Announce First Quarter Financial Results On April 28, 2021

CHICAGO, April 14, 2021 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), a leading online and mobile food-ordering and delivery marketplace, today announced it will release its first quarter financial results on Wednesday, April 28, 2021, after the market close. Due to the pending acquisition by Just Eat Takeaway.com, Grubhub does not plan to host a conference call to discuss its first quarter results.

About Grubhub
Grubhub (NYSE: GRUB) is a leading online and mobile food-ordering and delivery marketplace with the largest and most comprehensive network of restaurant partners, as well as over 31 million active diners. Dedicated to connecting diners with the food they love from their favorite local restaurants, Grubhub elevates food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub features over 300,000 restaurants and is proud to partner with over 265,000 of these restaurants in over 4,000 U.S. cities. The Grubhub portfolio of brands includes Grubhub, Seamless, LevelUp, AllMenus and MenuPages.

GrubHub Logo

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Grubhub Expands Commitment to Women Culinary Leaders Through Partnerships with World Central Kitchen and Women Business Collaborative in Fourth Year of RestaurantHER

CHICAGO, March 1, 2021 /PRNewswire/ — In recognition of Women’s History Month, Grubhub is strengthening and expanding its commitment to grow the number of women-led restaurants, especially those impacted by COVID. It was four years ago with the creation of RestaurantHER that Grubhub first started using its technology platform to drive change and respond to the issues facing women in the restaurant industry. The company pledged to champion and support women-led restaurants, raise awareness about inequality in the industry and help improve things for the better.

As Grubhub kicks off its fourth year of RestaurantHER, we’re working with World Central Kitchen (WCK) and the Women Business Collaborative (WBC) to support and help amplify our ongoing efforts for women in the culinary industry.

RestaurantHER comes this year as women have lost the most jobs during the pandemic. In January 2021, women were still down 5.4 million jobs, which makes up 55 percent of total jobs lost. The restaurant industry was among those most impacted by COVID, and a majority of the workforce are women. Before COVID, female restaurant workers (especially owners and chefs) struggled to grow due to lack of sponsorship, funding and even workplace harassment. As a result, there are fewer women at the leadership level in restaurants. And now those numbers are dwindling even further.

“We are hopeful that across the country, RestaurantHER will spark a movement of support for women-owned and operated restaurants,” said Devry Boughner Vorwerk, Chief Corporate Affairs Officer at Grubhub. “Women restaurateurs are highly capable business leaders in the industry, and they often face barriers that their male counterparts do not. This month, and every month, at Grubhub, we want to shine a light on women-led restaurants and all the benefits these women bring to their communities through their dedication, their creativity and their cuisine.”

Since Grubhub began the RestaurantHER initiative in 2018, we’ve seen talented and aspiring chefs who have been able to succeed in part because of the resources and programs of RestaurantHER. Our incredible partners and diners have played a significant role in helping Grubhub work toward change. We worked with organizations such as the James Beard Foundation and Women Chefs & Restaurateurs to provide grants and tools for female chefs and culinary leaders to navigate and address the specific challenges they face in the industry. Additionally, Grubhub created a RestaurantHER map where diners can find a women-led restaurant near them.

To continue our efforts, Grubhub is supporting World Central Kitchen‘s Restaurants for the People program and specifically restaurants that are women-owned and operated. Grubhub will support these efforts through the Donate the Change program during Women’s History Month, where diners are invited to join us in helping these women. Grubhub’s Donate the Change feature allows diners who opt-in to round up their change on every order. All proceeds will go to World Central Kitchen to provide nourishing meals to help vulnerable communities impacted by the pandemic. Last year, Grubhub diners across the country generously donated a total of $21 million to support various organizations and communities in need through Donate the Change.

“We are grateful for Grubhub’s support and belief in our mission, and recognition that restaurants are a key part of the solution to the ongoing health, economic, and humanitarian crises. Their support will specifically help women-owned and operated restaurants that are a part of our Restaurants for the People program, which pays restaurants directly to help keep their business afloat while also providing tens of thousands of meals to people in need,” said Erin Gore, Vice President of Development at World Central Kitchen.

Grubhub is also excited to kick off a partnership with the Women Business Collaborative, an alliance of more than 44 women business organizations and thousands of individuals who are committed to gender equality in the workplace. Together, we’ll raise awareness and encourage Americans to support local women-owned restaurants throughout the month of March and throughout the year. We’ll also form an advisory board in 2021 composed of female restaurant owners to discuss issues in the industry and ways Grubhub and others can help.

“The time is now for all of us to commit to order from women-owned restaurants and tell the stories of our support in every community across this nation. We are devoted to this effort with RestaurantHER and Grubhub,” added Edie Fraser, CEO of Women Business Collaborative.

World Central Kitchen will also be Grubhub’s donation partner for our popular virtual concert series Sound Bites, which will feature performances by Megan Thee Stallion, Noah Cyrus and King Princess. Fans tuning in will be encouraged to scan customized QR codes that will pop up throughout the show to receive special discounts and Perks, along with exclusive behind-the-scenes footage from King Princess. For every QR code scanned at one point during the live stream, Grubhub will donate $1 (up to $100,000) to World Central Kitchen. The free Sound Bites concert will take place on Friday, March 26 at 7 p.m. ET on the Grubhub YouTube channel.

Grubhub’s commitment to support women in the restaurant industry will continue as long as it takes to see equality, and we hope our community of diners will join us by supporting female chefs and owners, and their delicious culinary creations, year-round. Visit the Grubhub app, Grubhub.com or RestaurantHER.com to find a women-led restaurant near you.

About Grubhub
Grubhub (NYSE: GRUB) is a leading online and mobile food-ordering and delivery marketplace with the largest and most comprehensive network of restaurant partners, as well as over 31 million active diners. Dedicated to connecting diners with the food they love from their favorite local restaurants, Grubhub elevates food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub features over 300,000 restaurants and is proud to partner with over 265,000 of these restaurants in over 4,000 U.S. cities. The Grubhub portfolio of brands includes Grubhub, Seamless, LevelUp, AllMenus and MenuPages.

Grubhub Joining Effort to Cut Out Cutlery

Today Grubhub is officially joining the #CutOutCutlery campaign and committing to dramatically reducing the number of single-use plastics that enter the environment. In the coming months the Grubhub app and website will begin automatically defaulting to zero utensils and napkins with every order. While diners will still be able to request plasticware when needed, the move will generate significant savings for restaurants across the country.

“As we advance sustainable business practices across Grubhub and our industry, this important step will keep millions of unneeded pieces of single-use plastic out of the environment,” Devry Boughner Vorwerk, Chief Corporate Affairs Officer, said. “We look forward to building on this commitment to sustainability in partnership with the diners and restaurants who rely on Grubhub every day.”

This action by Grubhub will remove millions of pieces of plastic cutlery from entering the environment annually. According to HabitsofWaste.org, organizer of the #CutOutCutlery campaign, 40,000,000,000 pieces of plastic cutlery end up in the waste stream per year, polluting our oceans and harming sea life. Sheila Morovati, Founder and CEO of Habits of Waste and #CutOutCutlery, has been a key partner to Grubhub as we have worked to develop this important sustainability feature.

“We applaud Grubhub for taking a significant step in dramatically reducing the amount of single-use plastic that ends up as unwanted waste and litter in our communities,” Morovati said. “Our partnership with Grubhub is a stellar example of how a system can be modified to change behavior, ultimately creating a new norm that automatically reduces waste and increases sustainability.”

Beyond the environmental benefits, removing plasticware is also another way Grubhub and our diners can generate cost savings for restaurants at a time when they need it most. Research has found that restaurants can save potentially thousands of dollars annually by reducing how much plasticware they use. The move is an important step in the journey Grubhub is embarking on towards more sustainable business practices.

Grubhub Reports Fourth Quarter And Full Year 2020 Results

Grubhub generates 48% revenue growth in the fourth quarter

CHICAGO, Feb. 3, 2021 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), a leading online and mobile food-ordering and delivery marketplace, today announced financial results for the fourth quarter and full year ended December 31, 2020 and also posted a letter to shareholders on its investor relations website. For the fourth quarter, the Company reported revenues of $504 million, which is a 48% year-over-year increase from $341 million in the same period last year. Gross Food Sales grew 52% year-over-year to $2.4 billion, up from $1.6 billion in the fourth quarter of 2019.

“We remain steadfast in our support of our restaurant partners as the ongoing pandemic continues to weigh on their businesses and their local communities. From increased marketing spend and reduced commissions, to winterization grants and free digital ordering tools, we continue to be fully committed to assisting our restaurant partners,” said Matt Maloney, Grubhub founder and CEO. “Looking ahead, we’ve been working closely with the Just Eat Takeaway.com team on integration planning and continue to expect the transaction to close in the first half of 2021.”

Fourth Quarter and Full Year 2020 Highlights
The following results reflect the financial performance and key operating metrics of our business for the three and twelve months ended December 31, 2020, as compared to the same period in 2019.

Fourth Quarter Financial Highlights

Revenues: $503.7 million, a 48% year-over-year increase from $341.3 million in the fourth quarter of 2019.
Net (Loss): $(67.8) million, or $(0.73) per diluted share, a decrease from $(27.7) million, or $(0.30) per diluted share, in the fourth quarter of 2019.
Non-GAAP Adjusted EBITDA: $31.2 million, a 17% year-over-year increase from $26.7 million in the fourth quarter of 2019.
Non-GAAP Net (Loss): $(37.9) million, or $(0.41) per diluted share, a decrease from $(4.2) million, or $(0.05) per diluted share, in the fourth quarter of 2019.

Fourth Quarter Key Business Metrics Highlights¹

Active Diners: 31.4 million, a 39% year-over-year increase from 22.6 million Active Diners in the fourth quarter of 2019.
Daily Average Grubs (DAGs): 658,100 a 31% year-over-year increase from 502,600 DAGs in the fourth quarter of 2019.
Gross Food Sales: $2.4 billion, a 52% year-over-year increase from $1.6 billion in the fourth quarter of 2019.

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¹ Key Business Metrics are defined on pages 28 – 29 of our Annual Report on Form 10-K filed on February 28, 2020.

Full Year Financial Highlights

Revenues: $1.8 billion, a 39% year-over-year increase from $1.3 billion in 2019.
Net (Loss): $(155.9) million, or $(1.69) per diluted share, a decrease from $(18.6) million, or $(0.20) per diluted share, in 2019.
Non-GAAP Adjusted EBITDA: $109.3 million, a 41% year-over-year decrease from $186.2 million in 2019.
Non-GAAP Net Income (Loss): $(38.7) million, or $(0.42) per diluted share, a decrease from $73.2 million, or $0.79 per diluted share, in 2019.

Full Year Key Business Metrics Highlights²

Active Diners: 31.4 million, a 39% year-over-year increase from 22.6 million Active Diners in 2019.
Daily Average Grubs (DAGs): 622,700, a 26% year-over-year increase from 492,300 DAGs in 2019.
Gross Food Sales: $8.7 billion, a 47% year-over-year increase from $5.9 billion in 2019.

“2020 was a transformative year for our marketplace. Strong new diner and restaurant additions across all of our markets coupled with increased order frequency from existing diners culminated in record gross food sales during the fourth quarter,” said Adam DeWitt, Grubhub President and CFO. “Absent the ongoing support spend we are providing to our restaurant partners, drivers, and diners, the business could easily support long-term economics of more than $1.50 of Adjusted EBITDA per order.”

Guidance
Given Grubhub’s pending acquisition by Just Eat Takeaway.com, it is no longer issuing forward-looking guidance.

About Grubhub
Grubhub (NYSE: GRUB) is a leading online and mobile food-ordering and delivery marketplace with the largest and most comprehensive network of restaurant partners, as well as over 31 million active diners. Dedicated to connecting diners with the food they love from their favorite local restaurants, Grubhub elevates food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub features over 300,000 restaurants and is proud to partner with over 265,000 of these restaurants in over 4,000 U.S. cities. The Grubhub portfolio of brands includes Grubhub, Seamless, LevelUp, AllMenus and MenuPages.

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² Key Business Metrics are defined on pages 28 – 29 of our Annual Report on Form 10-K filed on February 28, 2020.

Use of Forward-Looking Statements
This communication contains “forward-looking statements” regarding Grubhub, Just Eat Takeaway.com or their respective management’s future expectations, beliefs, intentions, goals, strategies, plans and prospects, which, in the case of Grubhub, are made in reliance on the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve substantial risks, known and unknown, uncertainties, assumptions and other factors that may cause actual results, performance or achievements to differ materially from future results expressed or implied by such forward-looking statements including, but not limited to, the occurrence of any event, change or other circumstances that could give rise to the right of one or both of Grubhub or Just Eat Takeaway.com to terminate the merger agreement; the ability to obtain approval by Grubhub stockholders on the expected schedule or at all; difficulties and delays in integrating Grubhub’s and Just Eat Takeaway.com’s businesses; risks that the proposed merger disrupts Grubhub’s or Just Eat Takeaway.com’s current plans and operations; failing to fully realize anticipated synergies, cost savings and other anticipated benefits of the proposed merger when expected or at all; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed merger; the risk that unexpected costs will be incurred; the ability of Grubhub or Just Eat Takeaway.com to retain and hire key personnel; the diversion of management’s attention from ongoing business operations; uncertainty as to the value of the Just Eat Takeaway.com ordinary shares to be issued in connection with the proposed merger; uncertainty as to the long-term value of the common stock of the combined company following the proposed merger; the continued availability of capital and financing following the proposed merger; the outcome of any legal proceedings that may be instituted against Grubhub, Just Eat Takeaway.com or their respective directors and officers; changes in global, political, economic, business, competitive, market and regulatory forces; changes in tax laws, regulations, rates and policies; future business acquisitions or disposals; competitive developments; and the timing and occurrence (or non-occurrence) of other events or circumstances that may be beyond Grubhub’s and Just Eat Takeaway.com’s control. These and other risks, uncertainties, assumptions and other factors may be amplified or made more uncertain by the COVID-19 pandemic, which has caused significant economic uncertainty. The extent to which the COVID-19 pandemic impacts Grubhub’s and Just Eat Takeaway.com’s businesses, operations and financial results, including the duration and magnitude of such effects, will depend on numerous factors, which are unpredictable, including, but not limited to, the duration and spread of the outbreak, its severity, the actions taken to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume. Forward-looking statements generally relate to future events or Grubhub and Just Eat Takeaway.com’s future financial or operating performance and include, without limitation, statements relating to the proposed merger and the potential impact of the COVID-19 outbreak on Grubhub and Just Eat Takeaway.com’s business and operations. In some cases, you can identify forward-looking statements because they contain words such as “anticipates,” “believes,” “contemplates,” “could,” “seeks,” “estimates,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “will,” “would” or similar expressions and the negatives of those terms.

For additional information concerning factors that could cause future results to differ from those expressed or implied in the forward-looking statements, please refer to Just Eat Takeaway.com’s non-exhaustive list of key risks and cautionary statements included in Just Eat Takeaway.com’s Annual Report, which is available electronically on Just Eat Takeaway.com’s investor website at www.justeattakeaway.com. Except as required by law, Grubhub and Just Eat Takeaway.com assume no obligation to update these forward-looking statements or this communication, or to update, supplement or correct the information set forth in this communication or the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. All subsequent written and oral forward-looking statements attributable to Grubhub, Just Eat Takeaway.com or any person acting on behalf of either party are expressly qualified in their entirety by the cautionary statements referenced above.

Additional Information and Where to Find It
In connection with the proposed merger, Just Eat Takeaway.com will file with the SEC a registration statement on Form F-4 to register the shares to be issued in connection with the proposed merger. The registration statement will include a preliminary proxy statement of Grubhub/prospectus of Just Eat Takeaway.com which, when finalized, will be sent to the stockholders of Grubhub seeking their approval of the respective merger-related proposals. Also in connection with the proposed merger, Just Eat Takeaway.com will file with the Netherlands Authority for the Financial Markets (“AFM”) and/or the UK Financial Conduct Authority (“FCA”) a prospectus for the listing and admission to trading on Euronext Amsterdam and/or the admission to listing on the FCA’s Official List and to trading on the London Stock Exchange’s Main Market for listed securities of the shares to be issued in connection with the proposed merger (the “Prospectus”). INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM F-4 AND THE RELATED PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM F-4, THE PROSPECTUS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC, THE AFM AND/OR THE FCA IN CONNECTION WITH THE PROPOSED MERGER, WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT GRUBHUB, JUST EAT TAKEAWAY.COM AND THE PROPOSED MERGER.

These documents are available free of charge from the sources indicated above, and from Grubhub by going to its investor relations page on its corporate website at investors.grubhub.com. Information about Just Eat Takeaway.com’s directors and executive officers and a description of their interests are set forth in Just Eat Takeaway.com’s 2019 Annual Report, which may be obtained free of charge from Just Eat Takeaway.com’s website, www.justeattakeaway.com. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed merger when they become available. Investors should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from Grubhub or Just Eat Takeaway.com using the sources indicated above.

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

	Three Months Ended December 31,				Year Ended December 31,
	2020		2019		2020		2019
Revenues	$	503,739	$	341,270	$	1,819,982	$	1,312,151
Costs and expenses:
Operations and support		319,242		190,328		1,169,126		675,471
Sales and marketing		119,940		86,100		402,503		310,299
Technology (exclusive of amortization)		30,652		29,164		122,949		115,297
General and administrative		33,883		28,018		132,553		101,918
Depreciation and amortization		37,345		32,488		141,821		115,449
Total costs and expenses		541,062		366,098		1,968,952		1,318,434
Loss from operations		(37,323)		(24,828)		(148,970)		(6,283)
Interest expense, net		7,813		6,189		27,988		20,493
Loss before provision for income taxes		(45,136)		(31,017)		(176,958)		(26,776)
Income tax (benefit) expense		22,649		(3,299)		(21,097)		(8,210)
Net loss attributable to common stockholders	$	(67,785)	$	(27,718)	$	(155,861)	$	(18,566)
Net loss per share attributable to common stockholders
Basic	$	(0.73)	$	(0.30)	$	(1.69)	$	(0.20)
Diluted	$	(0.73)	$	(0.30)	$	(1.69)	$	(0.20)
Weighted-average shares used to compute net loss per share attributable to common stockholders:
Basic		92,909		91,509		92,328		91,247
Diluted		92,909		91,509		92,328		91,247

KEY BUSINESS METRICS

	Three Months Ended December 31,				Year Ended December 31,
	2020		2019		2020		2019
Active Diners (000s)		31,417		22,621		31,417		22,621
Daily Average Grubs		658,100		502,600		622,700		492,300
Gross Food Sales (millions)	$	2,361	$	1,552	$	8,669	$	5,914

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

	December 31, 2020		December 31, 2019
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	360,232	$	375,909
Short-term investments		53,126		49,275
Accounts receivable, less allowances for doubtful accounts		111,802		119,658
Income tax receivable		22,472		3,960
Prepaid expenses and other current assets		24,765		17,515
Total current assets		572,397		566,317
PROPERTY AND EQUIPMENT:
Property and equipment, net of depreciation and amortization		216,146		172,744
OTHER ASSETS:
Other assets		49,201		26,836
Deferred tax assets, non-current		142		—
Operating lease right-of-use asset		88,227		100,632
Goodwill		1,007,968		1,007,968
Acquired intangible assets, net of amortization		454,838		500,481
Total other assets		1,600,376		1,635,917
TOTAL ASSETS	$	2,388,919	$	2,374,978
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Restaurant food liability	$	141,802	$	131,753
Accounts payable		19,859		26,748
Accrued payroll		27,346		19,982
Current operating lease liability		17,897		9,376
Other accruals		149,278		61,504
Total current liabilities		356,182		249,363
LONG-TERM LIABILITIES:
Deferred taxes, non-current		17,777		27,163
Noncurrent operating lease liability		103,416		111,056
Long-term debt		494,103		493,009
Other accruals		644		817
Total long-term liabilities		615,940		632,045
STOCKHOLDERS’ EQUITY:
Common stock, $0.0001 par value		9		9
Accumulated other comprehensive loss		(1,275)		(1,628)
Additional paid-in capital		1,243,135		1,164,400
Retained earnings		174,928		330,789
Total Stockholders’ Equity	$	1,416,797	$	1,493,570
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	2,388,919	$	2,374,978

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

	Year Ended December 31,
	2020		2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(155,861)	$	(18,566)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation		42,446		30,237
Amortization of intangible assets and developed software		99,375		85,212
Stock-based compensation		84,485		72,879
Deferred taxes		(9,528)		(7,726)
Other		8,529		8,531
Changes in assets and liabilities
Accounts receivable		6,924		(11,591)
Income taxes receivable		(18,512)		5,989
Prepaid expenses and other assets		(22,569)		(13,854)
Restaurant food liability		10,106		4,380
Accounts payable		(2,014)		1,978
Accrued payroll		7,362		1,804
Other accruals		84,251		23,349
Net cash provided by operating activities		134,994		182,622
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of investments		(112,313)		(85,989)
Proceeds from maturity of investments		108,779		51,366
Capitalized website and development costs		(57,179)		(48,524)
Purchases of property and equipment		(62,999)		(55,167)
Acquisition of other intangible assets		(510)		(9,980)
Acquisitions of businesses, net of cash acquired		—		127
Other cash flows from investing activities		(525)		(250)
Net cash used in investing activities		(124,747)		(148,417)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt		175,000		500,000
Repayments of borrowings under the credit facility		(175,000)		(342,313)
Taxes paid related to net settlement of stock-based compensation awards		(34,621)		(23,753)
Proceeds from exercise of stock options		9,588		4,469
Payments for debt issuance costs		(89)		(9,136)
Other cash flows from financing activities		(2,149)		—
Net cash provided by (used in) financing activities		(27,271)		129,267
Net change in cash, cash equivalents, and restricted cash		(17,024)		163,472
Effect of exchange rates on cash, cash equivalents and restricted cash		326		320
Cash, cash equivalents, and restricted cash at beginning of year		379,595		215,802
Cash, cash equivalents, and restricted cash at end of the period	$	362,897	$	379,594
SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS
Cash paid for income taxes	$	216	$	1,163

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

	Three Months Ended December 31,				Year Ended December 31,
	2020		2019		2020		2019
Net loss	$	(67,785)	$	(27,718)	$	(155,861)	$	(18,566)
Income taxes		22,649		(3,299)		(21,097)		(8,210)
Interest expense, net		7,813		6,189		27,988		20,493
Depreciation and amortization		37,345		32,488		141,821		115,449
EBITDA		22		7,660		(7,149)		109,166
Merger, acquisition, restructuring and certain legal costs		8,765		966		31,975		4,105
Stock-based compensation		22,425		18,073		84,485		72,879
Adjusted EBITDA	$	31,212	$	26,699	$	109,311	$	186,150

Net loss per order	$	(1.12)	$	(0.60)	$	(0.68)	$	(0.10)
Adjusted EBITDA per order	$	0.52	$	0.58	$	0.48	$	1.04


	Three Months Ended December 31,				Year Ended December 31,
	2020		2019		2020		2019
Net loss	$	(67,785)	$	(27,718)	$	(155,861)	$	(18,566)
Stock-based compensation		22,425		18,073		84,485		72,879
Amortization of acquired intangible assets		10,203		13,367		45,643		50,712
Merger, acquisition, restructuring and certain legal costs		8,765		966		31,975		4,105
Income tax adjustments		(11,466)		(8,916)		(44,903)		(35,883)
Non-GAAP income (loss)	$	(37,858)	$	(4,228)	$	(38,661)	$	73,247
Weighted-average diluted shares used to compute Non-GAAP income (loss) per share attributable to common stockholders		92,909		91,509		92,328		92,759
Non-GAAP income (loss) per diluted share attributable to common stockholders	$	(0.41)	$	(0.05)	$	(0.42)	$	0.79

Grubhub Q4 2020 Earnings Results

Grubhub’s Newly-designed App Gives Diners an Updated Experience for Ordering In

Grubhub has grown and evolved over the years to what our diners know us for today: more than 300,000 restaurants for diners to order from in over 4,000 cities; our Grubhub+ membership program with exclusive rewards for our most loyal diners; a product experience specific to those dining on campus; the ability to order large orders and pickup in a few simple taps; the Perks program featuring hundreds of dollars in deals; and so much more. We recently launched the newest version of the Grubhub and Seamless apps (available on both the App Store and Google Play Store) to make it easy – and inspiring – for our diners to find what they want to eat next.

“Our business has changed, our diner’s needs have changed, and importantly, we’ve updated our app experience to reflect that,” said Sam Hall, chief product officer at Grubhub. “Beyond building added support for the hundreds of thousands of restaurants now on our platform, the new app also better aligns with changes we’re seeing in diner behavior and integrates our core focus on building diner loyalty. Whether it’s our Grubhub+ membership program or the recently-added Perks tab where diners can find hundreds of dollars in exclusive deals, we wanted to ensure these features were easily accessible in our new app.”

Ultimately, we wanted to make ordering pickup and delivery easier and more convenient on Grubhub, leading to new diners, increased loyalty and more orders for our restaurant partners around the country.

Deciding what to order can feel like an eternity, especially when diners are hungry, so we made some changes to make it even easier.

HERE’S WHAT YOU’LL FIND IN THE NEWLY-DESIGNED APP:

A New Home
Diners value simplicity and an easy way to order, and we created a one-stop-shop for key decisions when ordering in. This includes a quick toggle between pickup and delivery, search for restaurants in our Grubhub+ membership program, order ahead with the preorder function for those busy days, and more.

Making Pickup a Breeze
Let’s be honest–we know that getting food from point A to point B as quickly as possible is of utmost importance when ordering pickup. Now, when toggling to pickup, diners will be dropped into a map showing nearby restaurants with the ability to filter by participating Grubhub+ restaurants and those offering curbside pickup. And if a list view is preferred, diners can simply choose “show list” to scroll through nearby restaurants.

Making it Easier to Save
Between the Perks tab, a single place for diners to find local deals nearby, and Grubhub+, our monthly membership program providing diners with benefits such as unlimited free delivery, we’ve made it hard for diners to resist finding a good deal. Now we’ve integrated those features even further into the mobile experience, highlighting Perks and eligible Grubhub+ restaurants right on the restaurant cards as diners scroll through nearby spots.

Easy Order Review
With a new Order tab accessible at the bottom of the Grubhub app, diners can easily scan through their past, current, and scheduled orders – all in one place. For those creatures of habit, the tap of the “reorder” button allows diners to add ongoing favorites into their cart for a seamless checkout in the least amount of time.

Real-Time Order Status
Diners can now keep an eye on the status of their order from the moment an order is placed. Whether an order is in the middle of being prepared or on its way, all real-time updates can be found on the Home tab.

Updated Search Functionality
We made it effortless to search and browse at the same time. Diners can now filter by top cuisines in the area, discover new foods, or browse by restaurants that may catch the eye. Finding something new has never been easier!

“In working through the redesign, it was critical for us to work hand-in-hand with our product and engineering partners to deliver a holistic experience for our diners,” added Jacob Styburski, vice president of design and user experience at Grubhub. “We also made sure to listen to our diners throughout the design process, incorporating their feedback on everything from the look and feel to the functionality of the new app. It was important to build something we knew they’d love, and this is just the beginning!”

This is just the beginning for what we’re building as part of the Grubhub and Seamless app experiences. We continuously listen to and learn from our diners and add features that make it even easier and more enjoyable to order from their favorite restaurants. Our diners can expect more to come in the future!

Working Toward a More Diverse and Inclusive Workplace with Path Forward

Since our founding in 2004, we’ve encouraged authenticity, celebrated our differences and believed that diversity strengthens our success. More than 30 million people and hundreds of thousands of restaurant owners, from all different backgrounds, rely on Grubhub. We know that we must bring people with different backgrounds, experiences, perspectives and skills around the table to better understand and support the communities we serve.

Over the last year, we’ve looked critically at our company makeup, initiatives, processes and partnerships to identify areas for improvement. We view Diversity, Equity and Inclusion as an ongoing effort with no “end date,” but we’re proud of the progress we’ve made thus far, including removing language with bias from our job postings, diversifying hiring and interview panels, creating our Voices Council and GrubConnect groups, and — most recently — partnering with Path Forward to offer a returnship program to individuals who are looking to return to the workforce in technical roles after taking time spent as a caregiver.

“We are committed to fostering an inclusive workplace, and Path Forward provides Grubhub with a valuable avenue to source from a wider and more diverse population of talented professionals who have historically faced barriers to returning to the workforce,” said Kelley Berlin, Grubhub’s chief people officer. “It can be challenging for caregivers to find equitable employment opportunities after taking time caring for their family, and returnships are one way to provide an encouraging developmental path.”

Grubhub’s Reconnect Returnship Program is a 16-week paid returnship for experienced professionals returning to the workforce after spending time caring for their families. The program is open to individuals who have at least five years of professional experience and have been out of the paid workforce for at least two years to focus on caring for a child or other dependent.

“Employers need employees who reflect the diversity of our country and the diversity of their customers,” said Tami Forman, Path Forward’s executive director. “Food delivery is often a lifesaver for those who are caring for their families, and this program provides a pathway for caregivers who very well may have relied on Grubhub’s services in the past to now restart their careers at the company. We are thrilled to partner with Grubhub to launch this program so they can attract people who bring diversity of gender, age, and lived experience to the table.”

Know someone who’s a good fit for the program? Encourage them to apply!

News Category: Company