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Grubhub Reports Record First Quarter Results

Grubhub generates 49% revenue growth in the first quarter

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

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

First Quarter 2018 Highlights

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

First Quarter Financial Highlights

Revenues: $232.6 million, a 49% year-over-year increase from $156.1 million in the first quarter of 2017.
Net Income: $30.8 million, or $0.34 per diluted share, a 74% year-over-year increase from $17.7 million, or $0.20 per diluted share, in the first quarter of 2017.
Non-GAAP Adjusted EBITDA: $64.1 million, a 51% year-over-year increase from $42.5 million in the first quarter of 2017.
Non-GAAP Net Income: $47.2 million, or $0.52 per diluted share, an 88% year-over-year increase from $25.1 million, or $0.29 per diluted share, in the first quarter of 2017.

First Quarter Key Business Metrics Highlights

Active Diners were 15.1 million, a 72% year-over-year increase from 8.8 million Active Diners in the first quarter of 2017.
Daily Average Grubs (DAGs) were 436,900, a 35% year-over-year increase from 324,600 DAGs in the first quarter of 2017.
Gross Food Sales were $1.2 billion, a 39% year-over-year increase from $898 million in the first quarter of 2017.

“Organic DAG growth accelerated for the second quarter in a row, fueled by the most comprehensive restaurant marketplace and our efficient delivery,” said Grubhub President and CFO Adam DeWitt. “Our scale continues to generate improving profitability, leading to strong EBITDA per order of $1.63 during the first quarter, even as we push hard on delivery market expansion and spreading diner awareness.”

Second Quarter and Full Year 2018 Guidance

Based on information available as of May 1, 2018, the Company is providing the following financial guidance for the second quarter and full year of 2018:

	Second Quarter 2018	Full Year 2018
	(in millions)
Expected Revenue range	$228 – $236	$930 – $965
Expected Adjusted EBITDA range	$59 – $65	$242 – $262

First Quarter 2018 Financial Results Conference Call
Grubhub will webcast a conference call today at 9 a.m. CT to discuss the first quarter 2018 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 May 15, 2018.

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile takeout food-ordering marketplace with the largest and most comprehensive network of restaurant partners, as well as the largest diner base. Dedicated to connecting diners with the food they love from their favorite local restaurants, Grubhub strives 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 80,000 restaurant partners in over 1,600 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, Eat24, AllMenus and MenuPages.

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 acquisition of Eat24 and its commercial agreements with Yelp and Yum! Brands. 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, 2018, which is on file with the SEC and is 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 March 31, 2018, 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, 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 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 March 31,
	2018		2017
Revenues	$	232,570	$	156,134
Costs and expenses:
Operations and support		96,283		59,519
Sales and marketing		48,756		35,438
Technology (exclusive of amortization)		17,331		13,192
General and administrative		17,697		13,181
Depreciation and amortization		20,951		10,040
Total costs and expenses		201,018		131,370
Income from operations		31,552		24,764
Interest (income) expense – net		1,022		(221)
Income before provision for income taxes		30,530		24,985
Income tax (benefit) expense		(236)		7,270
Net income attributable to common stockholders	$	30,766	$	17,715
Net income per share attributable to common stockholders:
Basic	$	0.35	$	0.21
Diluted	$	0.34	$	0.20
Weighted-average shares used to compute net income per share attributable to common stockholders:
Basic		87,085		85,874
Diluted		90,091		87,120

KEY OPERATING METRICS

	Three Months Ended March 31,
	2018		2017
Active Diners (000s)		15,078		8,751
Daily Average Grubs		436,900		324,600
Gross Food Sales (millions)	$	1,245.0	$	898.1

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

	March 31, 2018		December 31, 2017
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	272,258	$	234,090
Short-term investments		16,052		23,605
Accounts receivable, less allowances for doubtful accounts		100,129		95,970
Prepaid expenses and other current assets		9,847		6,818
Total current assets		398,286		360,483
PROPERTY AND EQUIPMENT:
Property and equipment, net of depreciation and amortization		79,399		71,384
OTHER ASSETS:
Other assets		6,697		6,487
Goodwill		589,862		589,862
Acquired intangible assets, net of amortization		504,011		515,553
Total other assets		1,100,570		1,111,902
TOTAL ASSETS	$	1,578,255	$	1,543,769
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Restaurant food liability	$	126,853	$	119,922
Accounts payable		12,202		7,607
Accrued payroll		9,897		13,186
Taxes payable		1,514		3,109
Short-term debt		4,688		3,906
Other accruals		34,237		26,818
Total current liabilities		189,391		174,548
LONG-TERM LIABILITIES:
Deferred taxes, non-current		71,316		74,292
Other accruals		17,207		7,468
Long-term debt		143,121		169,645
Total long-term liabilities		231,644		251,405
STOCKHOLDERS’ EQUITY:
Common stock, $0.0001 par value		9		9
Accumulated other comprehensive loss		(872)		(1,228)
Additional paid-in capital		856,443		849,043
Retained earnings		301,640		269,992
Total Stockholders’ Equity	$	1,157,220	$	1,117,816
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,578,255	$	1,543,769

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

	Three Months Ended March 31,
	2018		2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	30,766	$	17,715
Adjustments to reconcile net income to net cash from operating activities:
Depreciation		5,050		2,412
Provision for doubtful accounts		325		95
Deferred taxes		(2,976)		(4,741)
Amortization of intangible assets		15,901		7,628
Stock-based compensation		10,231		7,243
Deferred rent		1,633		58
Amortization of deferred loan costs		333		124
Other		(243)		(234)
Change in assets and liabilities, net of the effects of business acquisitions:
Accounts receivable		3,918		(1,721)
Prepaid expenses and other assets		(3,516)		2,957
Restaurant food liability		6,885		11,297
Accounts payable		601		483
Accrued payroll		(3,295)		(1,534)
Other accruals		5,887		9,808
Net cash provided by operating activities		71,500		51,590
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of investments		(10,537)		(57,783)
Proceeds from maturity of investments		18,166		55,833
Capitalized website and development costs		(6,262)		(4,150)
Purchases of property and equipment		(5,462)		(3,056)
Acquisitions of business, net of cash acquired		737		—
Acquisition of other intangible assets		—		(5,000)
Other cash flows from investing activities		16		91
Net cash used in investing activities		(3,342)		(14,065)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments of borrowings under the credit facility		(25,781)		—
Proceeds from exercise of stock options		6,948		1,584
Taxes paid related to net settlement of stock-based compensation awards		(11,485)		(3,688)
Net cash used in financing activities		(30,318)		(2,104)
Net change in cash, cash equivalents, and restricted cash		37,840		35,421
Effect of exchange rates on cash, cash equivalents and restricted cash		356		97
Cash, cash equivalents, and restricted cash at beginning of year		238,239		242,214
Cash, cash equivalents, and restricted cash at end of the period	$	276,435	$	277,732
SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS
Cash paid for income taxes	$	227	$	746

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

	Three Months Ended March 31,
	2018		2017
Net income	$	30,766	$	17,715
Income taxes		(236)		7,270
Interest (income) expense – net		1,022		(221)
Depreciation and amortization		20,951		10,040
EBITDA		52,503		34,804
Acquisition, restructuring and legal costs		1,329		409
Stock-based compensation		10,231		7,243
Adjusted EBITDA	$	64,063	$	42,456

	Three Months Ended March 31,
	2018		2017
Net income	$	30,766	$	17,715
Stock-based compensation		10,231		7,243
Amortization of acquired intangible assets		11,543		5,273
Acquisition, restructuring and legal costs		1,329		409
Income tax adjustments		(6,677)		(5,519)
Non-GAAP net income	$	47,192	$	25,121
Weighted-average diluted shares used to compute net income per share attributable to common stockholders		90,091		87,120
Non-GAAP net income per diluted share attributable to common stockholders	$	0.52	$	0.29

	Guidance
	Three Months Ended June 30, 2018				Year Ended December 31, 2018
	Low		High		Low		High
	(in millions)
Net income	$	19.5	$	23.8	$	79.8	$	94.2
Income taxes		7.5		9.2		30.9		36.5
Interest expense ̶ net		1.0		1.0		4.0		4.0
Depreciation and amortization		19.0		19.0		80.0		80.0
EBITDA		47.0		53.0		194.7		214.7
Acquisition and restructuring costs		—		—		1.3		1.3
Stock-based compensation		12.0		12.0		46.0		46.0
Adjusted EBITDA	$	59.0	$	65.0	$	242.0	$	262.0

Grubhub Makes Ordering Food with Friends Even Easier with Venmo Integration

New payment option offers diners another quick and secure way to pay for the food they love, while also allowing them to more easily split the bill
CHICAGO and NEW YORK , April 17, 2018 /PRNewswire/ — Grubhub (NYSE: GRUB), the nation’s leading online and mobile food-ordering company, today announced the availability of Venmo as a payment option for their diners.

Diners purchasing food on Grubhub, Seamless, or Eat24 mobile apps can now pay with their Venmo balance, linked bank account or debit card. Once the order is placed, diners can split the bill with Venmo, making it easier than ever to share the costs of group food orders with friends. This functionality is available to anyone who has the Venmo app installed on their mobile device and will automatically show up in their available payment options at checkout.

“More than sixty percent of our orders are placed on mobile devices, so we always look for ways to make it easier for diners to find, order and pay for the food they want, when and where they want it,” said Sam Hall, chief product officer, Grubhub. “We’re thrilled to bring Venmo as a payment to our diners, offering another popular and trusted way to pay for meals. Adding the ‘split the bill’ feature provides an additional level of convenience our diners have come to expect from us.”

“Venmo was founded to provide people with an easier way to make and share payments with friends and family,” said Mike Vaughan, Chief Operating Officer, Venmo. “We’re excited to further our longstanding partnership with Grubhub through this integration and given so many food-related payments occur on Venmo each day, it brings the social payment experience our customers love to the mobile buying experiences we know they already enjoy.”

About Venmo
Venmo, a service of PayPal, Inc., is a leading mobile app in the U.S. used to move money between friends and family and pay at millions of retailers. Venmo makes payment a fun, social experience that eliminates the awkwardness that comes with cash or checks. For more information, visit https://www.venmo.com.

About PayPal
Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal Holdings, Inc. (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 227 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. For more information on PayPal, visit https://www.paypal.com/about. For PayPal Holdings, Inc. financial information, visit https://investor.paypal-corp.com.

Grubhub To Announce First Quarter 2018 Financial Results On May 1, 2018

CHICAGO, April 11, 2018 /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 first quarter financial results on Tuesday, May 1, 2018, 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.

Grubhub Expands Delivery Offering to 34 Additional Markets Nationwide

From Honolulu to Charleston, more restaurants can now use Grubhub’s delivery capabilities, giving diners a wider restaurant selection

CHICAGO, April 2, 2018 /PRNewswire/ — Grubhub, the nation’s leading online and mobile food-ordering company, has expanded its delivery capabilities to 34 more markets across 19 states. The expansion was completed throughout the first quarter of 2018 and is part of Grubhub’s plan to grow its delivery network to reach more than 100 new markets this year.

These cities join the more than 80 markets throughout the U.S. that already have Grubhub Delivery capabilities, which allow restaurants to offer their menus for delivery and provide diners with better restaurant choice and variety. Restaurants partnering with Grubhub for delivery include national and regional options like Buffalo Wild Wings, BJ’s Restaurants & Brewhouse, Red Robin Gourmet Burgers and Brews, On the Border and The Cheesecake Factory® in many markets. As Yum! Brands’ only national partner for ordering and delivery, Grubhub will also be adding KFC and Taco Bell locations to these markets across the country in the coming months.

With the expansion, Grubhub’s delivery capabilities will now be available to restaurants in the following markets:

Little Rock, AR
Bakersfield, CA
Fresno, CA
Modesto, CA
Stockton, CA
Deltona & Daytona Beach, FL
Lakeland, FL
Sarasota, FL
Augusta, GA
Honolulu, HI
Boise, ID
Fort Wayne, IN
Des Moines, IA
Wichita, KS
Baton Rouge, LA
Shreveport, LA
Jackson, MS
Springfield, MO
Fayetteville, NC
Greensboro, NC
Winston-Salem, NC
Akron, OH
Canton, OH
Dayton, OH
Toledo, OH
Youngstown, OH
Oklahoma City, OK
Charleston, SC
Columbia, SC
Greenville, SC
Chattanooga, TN
Memphis, TN
Corpus Christi, TX
Tacoma, WA

“We’re thrilled to expand our delivery offering to these markets across the U.S., making quick progress on our plan to expand our delivery capabilities throughout the coming year,” said Stan Chia, chief operating officer, Grubhub. “These additional markets are part of our vision to connect more diners with even more of their favorite local restaurants across the country, and provide them with the widest selection of choice wherever they are.”

Grubhub has always connected diners with restaurants that supply their own drivers. With Grubhub Delivery, restaurants without their own delivery capabilities now have the opportunity to leverage Grubhub’s large and growing network of drivers to expand their customer base and grow order volume. This also provides better restaurant choices and variety for Grubhub diners, as more restaurants can now offer their menus for delivery.

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 largest and most comprehensive network of restaurant partners, as well as the largest diner base. Dedicated to connecting diners with the food they love from their favorite local restaurants, Grubhub strives 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 80,000 restaurant partners in over 1,600 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, Eat24, AllMenus and MenuPages.

Yelp and Grubhub Complete Online Ordering Integration

Yelp diners can now discover tens of thousands of new options for delivery, while providing Grubhub restaurant partners with more orders

SAN FRANCISCO & CHICAGO–(BUSINESS WIRE) — Yelp Inc. (NYSE: YELP), the leader in connecting people with great local businesses, and Grubhub (NYSE: GRUB), the nation’s leading online and mobile food ordering company, today announced the successful integration of Grubhub’s restaurant network onto the Yelp platform.

The combination of Grubhub’s unmatched restaurant network and efficient delivery infrastructure with Yelp’s large purchase-oriented audience positions us to generate thousands of new diners and millions of orders for Grubhub restaurant partners. Yelp users will be able to order from far more local restaurants, while taking advantage of Grubhub’s overall lowest-cost delivery.

“By tapping into Grubhub’s restaurant network, Yelp now offers users the ability to order from a larger and better selection of restaurants across the country,” said Jeremy Stoppelman, Yelp’s co-founder and chief executive officer. “Our long-term partnership with Grubhub strengthens Yelp’s competitive position in the restaurant category, which brings millions of users to our platform every day.”

“We’re thrilled to complete our integration with Yelp, which enhances the online ordering experience for diners and will drive more orders to our restaurants from Yelp’s tens of millions of monthly users,” said Matt Maloney, Grubhub’s founder and chief executive officer. “For the first time, Yelp users can order from Grubhub’s huge network of local favorites, some that don’t provide their own delivery services, including many of the most popular restaurants in each market.”

As Yelp continues to provide more options to users, the company is also carefully engineering new product experiences to make it even easier to find, order and transact with restaurants that offer food delivery and takeout. To accompany the inventory, Yelp released a new mobile Delivery tab, available to iOS and Android users, where consumers can find the very best local food delivery and takeout. Through the Delivery tab, Yelp surfaces useful information — like which restaurants offer free delivery or which hot spots in your area offer delivery — to help consumers find the most relevant ordering options available.

About Grubhub

Grubhub (NYSE: GRUB) is the nation’s leading online and mobile takeout food ordering marketplace with the largest and most comprehensive network of restaurant partners, as well as the largest diner base. Dedicated to connecting diners with the food they love from their favorite local restaurants, Grubhub strives 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 80,000 restaurant partners in over 1,600 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, Eat24, 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 29 million unique devices accessed Yelp via the Yelp app, approximately 77 million unique visitors visited Yelp via desktop computer and approximately 64 million unique visitors visited Yelp via mobile website on a monthly average basis during the fourth quarter of 2017. By the end of the same quarter, Yelpers had written approximately 148 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.

Forward-Looking Statements

This press release contains forward-looking statements regarding Grubhub and Yelp management’s expectations and beliefs regarding the long-term partnership between Grubhub and Yelp, as well as the potential impact of the partnership on each company’s business, consumers and restaurant partners. 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, the matters set forth in the filings that Grubhub and Yelp make with the Securities and Exchange Commission from time to time, including those set forth under the caption “Risk Factors” in each company’s Annual Report on Form 10-K available at http://investors.grubhub.com/ and http://www.yelp-ir.com, respectively, 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.

Grubhub Expands Partnership with Foursquare to Bring Restaurant Delivery to More Users Nationwide

Companies uncover favorite local dishes and highlight top restaurants

CHICAGO and NEW YORK, Feb. 13, 2018 /PRNewswire/ — Grubhub (NYSE: GRUB), the nation’s leading online and mobile food-ordering company, today announced an expansion of its partnership with Foursquare, a technology company that uses location intelligence to build meaningful consumer experiences and business solutions. Foursquare City Guide users across the country now have the ability to order from over 57,000 local Grubhub restaurants that have listings on Foursquare’s online and mobile platforms. While browsing Foursquare City Guide, users can click the “order now” button to be directed to Grubhub’s online or mobile platforms to quickly and easily place an order.

“Foursquare City Guide is all about delighting users by suggesting new restaurants and providing rich information like photos, tips and ratings to help them find the best experiences, whether at home or abroad. But every good explorer needs a night in,” said Marissa Chacko, senior director of consumer products, Foursquare. “Adding Grubhub directly into the app makes it easier for our community to take a night off, while still enjoying the best local restaurants they can find.”

“Grubhub is always looking for ways to make it easier for people to browse the best and broadest set of restaurants and order the food they’re craving,” said Maria Belousova, chief technology officer, Grubhub. “By working with Foursquare, we’re offering consumers yet another easy way to discover and order takeout from great local restaurants. Adding Foursquare’s location intelligence to Grubhub’s database of hundreds of millions of takeout orders created unparalleled opportunities to find ideal matches between diners and restaurants across the country.”

Data Partnership Results and Methodology:
With this expanded partnership that now encompasses more than 57,000 restaurants across the country, Foursquare and Grubhub combined their data to help diners uncover locally loved dishes and explore the best restaurants. Grubhub data reveals the most ordered dishes across major U.S. cities, and Foursquare highlights some of the best restaurants known for these trending foods based on taste data from its apps, Foursquare City Guide and Foursquare Swarm.

New York: Bagel and Cream Cheese from Ess-a-Bagel

Dish popularity: 318% more popular in New York vs. the rest of the U.S.
Restaurant Rating: 8.74

Chicago: Cheese Curds from Bangers & Lace

Dish Popularity: 542% more popular in Chicago vs. the rest of the U.S.
Restaurant Rating: 8.92

San Francisco: Shrimp Dumplings from Kingdom of Dumpling

Dish Popularity: 301% more popular in San Francisco vs. the rest of the U.S.
Restaurant Rating: 8.61

Los Angeles: Poke Bowl from Sweetfin Poke

Dish Popularity: 375% more popular in Los Angeles vs. the rest of the U.S.
Restaurant Rating: 9.29

Miami: Cuban Sandwich from La Carreta

Dish Popularity: 274% more popular in Miami vs. the rest of the U.S.
Restaurant Rating: 8.8

Methodology:

Grubhub’s data analysts looked at the most ordered dishes in each city, in comparison to the rest of the U.S. The time frame used for the analysis was Jan. 1, 2017 to Dec. 31, 2017.
Foursquare’s data analysts found the restaurants with the highest affinity score and rating for the dishes identified by Grubhub in their respective cities. These venues had a combination of the highest rating and most positive mentions of these tastes in Foursquare City Guide tips and Foursquare Swarm shouts.

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 over 80,000 restaurant partners in over 1,600 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, Eat24, AllMenus and MenuPages.

About Foursquare
Foursquare is a technology company that enriches consumer experiences and informs business decisions through location intelligence. A community of more than 50 million people use the Foursquare City Guide and Foursquare Swarm apps and websites to discover new places, explore the world and check in. They have written more than 95 million tips and checked in over 12 billion times. Foursquare powers location data for Snapchat, Apple, Uber, Twitter and 125,000 other developers. Foursquare’s business solutions also include Pinpoint, Attribution, Pilgrim SDK and Foursquare Analytics, which empower brands to understand and connect to targeted audiences as well as measure foot traffic and advertising success.

Grubhub Reports Record Fourth Quarter Results

Grubhub generates 49% revenue growth in the fourth quarter

CHICAGO, Feb 8, 2018 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), the nation’s leading takeout marketplace, today announced financial results for the fourth quarter ended Dec. 31, 2017. For the fourth quarter, the Company posted revenues of $205.1 million, which is a 49% year-over-year increase from $137.5 million in the fourth quarter of 2016. Gross Food Sales grew 39% year-over-year to $1.1 billion, up from $818 million in the year ago period.”Over the past two years we have taken incredible strides in expanding the breadth and depth of our restaurant network, growing the number of local restaurants we work with from 40,000 to over 80,000 today,” said Grubhub CEO, Matt Maloney. “The partnership with Yum! which we announced this morning will accelerate the expansion of our delivery network and amplify our diner acquisition efforts, raising consumer awareness of online ordering and driving more volume for all restaurants across our platform.”

Fourth Quarter and Full Year 2017 Highlights

The following results reflect the financial performance and key operating metrics of our business for the three and twelve months ended Dec. 31, 2017, as compared to the same periods in 2016.

Fourth Quarter Financial Highlights

Revenues: $205.1 million, a 49% year-over-year increase from $137.5 million in the fourth quarter of 2016.
Net Income: $53.5 million, or $0.60 per diluted share, a 293% year-over-year increase from $13.6 million, or $0.16 per diluted share, in the fourth quarter of 2016.
Non-GAAP Adjusted EBITDA: $57.0 million, a 45% year-over-year increase from $39.2 million in the fourth quarter of 2016.
Non-GAAP Net Income: $33.3 million, or $0.37 per diluted share, a 68% year-over-year increase from $19.8 million, or $0.23 per diluted share, in the fourth quarter of 2016.

Fourth Quarter Key Business Metrics Highlights

Active Diners were 14.5 million, a 77% year-over-year increase from 8.2 million Active Diners in the fourth quarter of 2016.
Daily Average Grubs (DAGs) were 392,500, a 34% year-over-year increase from 292,500 DAGs in the fourth quarter of 2016.
Gross Food Sales were $1.1 billion, a 39% year-over-year increase from $818 million in the fourth quarter of 2016.

Full Year Financial Highlights

Revenues: $683.1 million, a 38% year-over-year increase from $493.3 million in 2016.
Net Income: $99.0 million, or $1.12 per diluted share, a 100% year-over-year increase from $49.6 million, or $0.58 per diluted share, in 2016.
Non-GAAP Adjusted EBITDA: $184.0 million, a 27% year-over-year increase from $144.6 million in 2016.
Non-GAAP Net Income: $106.1 million, or $1.20 per diluted share, a 39% year-over-year increase from $76.6 million, or $0.89 per diluted share, in 2016.

Full Year Key Business Metrics Highlights

Active Diners were 14.5 million, a 77% year-over-year increase from 8.2 million Active Diners in 2016.
Daily Average Grubs (DAGs) were 334,000, a 22% year-over-year increase from 274,800 DAGs in 2016.
Gross Food Sales were $3.8 billion, a 26% year-over-year increase from $3.0 billion in 2016.

“Grubhub delivery has helped drive phenomenal growth for us, reaching an annualized run rate of over $1 billion dollars in GFS from close to zero in 2015,” commented Grubhub President and CFO Adam DeWitt. “Our ability to scale delivery capabilities efficiently, combined with consistent execution on organic diner acquisition and merger integrations, enabled us to generate record EBITDA per order of $1.58 in the fourth quarter.”

First Quarter and Full Year 2018 Guidance

Based on information available as of Feb. 8, 2018, the Company is providing the following financial guidance for the first quarter and full year of 2018:

	First Quarter 2018	Full Year 2018
	(in millions)
Expected Revenue range	$224 – $232	$910 – $960
Expected Adjusted EBITDA range	$54 – $60	$225 – $255

Fourth Quarter 2017 Financial Results Conference Call

Grubhub will webcast a conference call today at 9 a.m. CT to discuss the fourth 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 Feb. 22, 2018.

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 over 80,000 restaurant partners in over 1,600 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, Eat24, AllMenus and MenuPages.

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 acquisition of Eat24 and its commercial agreements with Yelp and Yum! Brands. 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 and our most recent Quarterly Report on Form 10-Q for the quarter ended Sep. 30, 2017, which are 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 Annual Report on Form 10-K that will be filed for the year ended Dec. 31, 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, the impact of the U.S. Tax Cuts and Jobs Act (“U.S. Tax Act”) 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.

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

	Three Months Ended December 31,				Year Ended December 31,
	2017		2016		2017		2016
Revenues	$	205,080	$	137,457	$	683,067	$	493,331
Costs and expenses:
Operations and support		81,658		51,727		269,453		171,756
Sales and marketing		45,384		29,636		150,730		110,323
Technology (exclusive of amortization)		14,703		10,689		56,263		42,454
General and administrative		18,396		12,435		65,023		50,482
Depreciation and amortization		18,781		9,911		51,848		35,193
Total costs and expenses		178,922		114,398		593,317		410,208
Income from operations		26,158		23,059		89,750		83,123
Interest (income) expense – net		1,010		(183)		102		(729)
Income before provision for income taxes		25,148		23,242		89,648		83,852
Income tax (benefit) expense		(28,378)		9,605		(9,335)		34,295
Net income attributable to common stockholders	$	53,526	$	13,637	$	98,983	$	49,557
Net income per share attributable to common stockholders:
Basic	$	0.62	$	0.16	$	1.15	$	0.58
Diluted	$	0.60	$	0.16	$	1.12	$	0.58
Weighted-average shares used to compute net income per share attributable to common stockholders:
Basic		86,702		85,608		86,297		85,069
Diluted		89,366		86,666		88,182		86,135

KEY OPERATING METRICS

	Three Months Ended December 31,				Year Ended December 31,
	2017		2016		2017		2016
Active Diners (000s)		14,462		8,174		14,462		8,174
Daily Average Grubs		392,500		292,500		334,000		274,800
Gross Food Sales (millions)	$	1,138.6	$	817.7	$	3,783.7	$	2,998.1

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


	December 31, 2017		December31,2016
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	234,090	$	239,528
Short-term investments		23,605		84,091
Accounts receivable, less allowances for doubtful accounts		95,970		60,550
Prepaid expenses and other current assets		6,818		12,168
Total current assets		360,483		396,337
PROPERTY AND EQUIPMENT:
Property and equipment, net of depreciation and amortization		71,384		46,555
OTHER ASSETS:
Other assets		6,487		4,530
Goodwill		589,862		436,455
Acquired intangible assets, net of amortization		515,553		313,630
Total other assets		1,111,902		754,615
TOTAL ASSETS	$	1,543,769	$	1,197,507
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Restaurant food liability	$	119,922	$	83,349
Accounts payable		7,607		7,590
Accrued payroll		13,186		7,338
Taxes payable		3,109		865
Short-term debt		3,906		—
Other accruals		26,818		11,348
Total current liabilities		174,548		110,490
LONG-TERM LIABILITIES:
Deferred taxes, non-current		74,292		108,022
Other accruals		7,468		6,876
Long-term debt		169,645		—
Total long-term liabilities		251,405		114,898
STOCKHOLDERS’ EQUITY:
Common stock, $0.0001 par value		9		9
Accumulated other comprehensive loss		(1,228)		(2,078)
Additional paid-in capital		849,043		805,731
Retained earnings		269,992		168,457
Total Stockholders’ Equity	$	1,117,816	$	972,119
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,543,769	$	1,197,507

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

	Year Ended December 31,
	2017		2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	98,983	$	49,557
Adjustments to reconcile net income to net cash from operating activities:
Depreciation		11,775		8,921
Provision for doubtful accounts		1,424		1,102
Deferred taxes		(31,179)		1,027
Amortization of intangible assets		40,073		26,272
Stock-based compensation		32,748		23,559
Deferred rent		849		1,286
Amortization of deferred loan costs		487		365
Investment premium amortization		(739)		(612)
Other		436		(159)
Change in assets and liabilities, net of the effects of business acquisitions:
Accounts receivable		(27,833)		(17,488)
Prepaid expenses and other assets		4,112		(8,765)
Restaurant food liability		8,576		16,451
Accounts payable		(4,244)		(3,204)
Accrued payroll		5,537		1,819
Other accruals		11,735		(2,453)
Net cash provided by operating activities		152,740		97,678
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of investments		(154,758)		(226,694)
Proceeds from maturity of investments		215,983		284,662
Capitalized website and development costs		(21,325)		(12,809)
Purchases of property and equipment		(18,971)		(24,087)
Acquisitions of businesses, net of cash acquired		(333,301)		(65,849)
Acquisition of other intangible assets		(25,147)		(250)
Other cash flows from investing activities		557		(492)
Net cash used in investing activities		(336,962)		(45,519)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings under the credit facility		200,000		—
Repayments of borrowings under the credit facility		(25,781)		—
Repurchases of common stock		—		(14,774)
Proceeds from exercise of stock options		16,375		13,468
Excess tax benefits related to stock-based compensation		—		24,906
Taxes paid related to net settlement of stock-based compensation awards		(10,556)		(2,779)
Payments for debt issuance costs		(1,979)		(1,477)
Net cash provided by financing activities		178,059		19,344
Net change in cash and cash equivalents		(6,163)		71,503
Effect of exchange rates on cash		725		(1,268)
Cash and cash equivalents at beginning of year		239,528		169,293
Cash and cash equivalents at end of the period	$	234,090	$	239,528
SUPPLEMENTAL DISCLOSURE OF NON CASH ITEMS
Cash paid for income taxes	$	19,148	$	8,722

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

	Three Months Ended December 31,				Year Ended December 31,
	2017		2016		2017		2016
Net income	$	53,526	$	13,637	$	98,983	$	49,557
Income taxes		(28,378)		9,605		(9,335)		34,295
Interest (income) expense – net_(a)		1,010		—		102		—
Depreciation and amortization		18,781		9,911		51,848		35,193
EBITDA		44,939		33,153		141,598		119,045
Acquisition, restructuring and legal costs		3,199		253		9,642		2,042
Stock-based compensation		8,835		5,804		32,748		23,559
Adjusted EBITDA	$	56,973	$	39,210	$	183,988	$	144,646

Due to interest incurred on borrowings under the Company’s credit facility during the three months ended December 31, 2017, the Company has updated its calculation of Adjusted EBITDA to include net interest expense. The Company did not recast periods prior to 2017 due to the insignificance of net interest (income) expense in those periods. Recast Adjusted EBITDA for the three months ended March 31, 2017, June 30, 2017 and September 30, 2017 includes net interest income of $0.2 million, $0.3 million and $0.4 million, respectively. There were no changes to the Company’s GAAP results as a result of this change in presentation.

	Three Months Ended December 31,				Year Ended December 31,
	2017		2016		2017		2016
Net income	$	53,526	$	13,637	$	98,983	$	49,557
Stock-based compensation		8,835		5,804		32,748		23,559
Amortization of acquired intangible assets		11,238		4,801		28,066		20,871
Acquisition, restructuring and legal costs		3,199		253		9,642		2,042
Income tax benefit of the U.S. Tax Act		(34,054)		—		(34,054)		—
Income tax adjustments		(9,469)		(4,692)		(29,239)		(19,472)
Non-GAAP net income	$	33,275	$	19,803	$	106,146	$	76,557
Weighted-average diluted shares used to compute net income per share attributable to common stockholders		89,366		86,666		88,182		86,135
Non-GAAP net income per diluted share attributable to common stockholders	$	0.37	$	0.23	$	1.20	$	0.89

	Guidance
	Three Months Ended March 31, 2018				Year Ended December 31, 2018
	Low		High		Low		High
	(in millions)
Net income	$	16.2	$	20.5	$	65.6	$	87.2
Income taxes		6.3		8.0		25.4		33.8
Interest expense ̶ net		1.0		1.0		4.0		4.0
Depreciation and amortization		20.0		20.0		82.0		82.0
EBITDA		43.5		49.5		177.0		207.0
Acquisition and restructuring costs		—		—		—		—
Stock-based compensation		10.5		10.5		48.0		48.0
Adjusted EBITDA	$	54.0	$	60.0	$	225.0	$	255.0

Grubhub Now Delivers for More Restaurants in Des Moines

Too cold to leave the house? Diners can now enjoy food from more Des Moines favorites delivered right to their door, including Goldfinch, The Cheesecake Factory and more

CHICAGO, Jan. 18, 2018 /PRNewswire/ — Grubhub, the nation’s leading online and mobile food-ordering company, today announced an expansion of its delivery capabilities to Des Moines, Iowa. To kick off delivery and help Des Moines residents eat well this chilly January, Grubhub is offering free delivery, and there is no order minimum.

Grubhub has been connecting diners with Des Moines restaurants that supply their own drivers since 2012. With this expansion, restaurants across Iowa’s capital city have the opportunity to leverage Grubhub’s large and growing network of drivers, expand their customer base and grow order volume. This also means better restaurant choice and variety for Grubhub diners, as more restaurants offer their menus for delivery.

“We’re proud to give diners more restaurant choices than ever before, from their favorite restaurants across West Des Moines to East Village and beyond,” said Rudy Mendoza, Des Moines General Manager, Grubhub. “We’re thrilled to deepen our partnerships with local Des Moines restaurants by offering Grubhub’s delivery capabilities. Now, restaurant partners can leave the last mile of delivery to Grubhub and focus on what they do best: making the farm-to-table dishes that Des Moines residents love.”

Diners can now order from a wide range of Des Moines favorites on Grubhub including:

“As Grubhub Delivery continues to expand across the country, we could not be more excited to bring our capabilities to Des Moines’ burgeoning restaurant scene,” said Stan Chia, chief operating officer, Grubhub. “As Des Moines continues reinventing itself, Grubhub is pleased to provide a wider selection of the city’s favorite restaurants for diners to enjoy, especially during January’s bitter cold temperatures.”

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.

Grubhub To Announce Fourth Quarter 2017 Financial Results On Feb. 8, 2018

CHICAGO, Jan. 17, 2018 /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 fourth quarter financial results on Thursday, Feb. 8, 2018, 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.

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.

GrubHub Logo

View original content with multimedia:http://www.prnewswire.com/news-releases/grubhub-to-announce-fourth-quarter-2017-financial-results-on-feb-8-2018-300584216.html

Dave Zaragoza; Corporate Finance & Investor Relations; ir@grubhub.com OR Katie Norris; Press; press@grubhub.com

Grubhub Now Delivers for More Restaurants in Tacoma

Rain or shine, diners can now order from more of Gate City’s favorite restaurants, including Shake Shake Shake, BJ’s Restaurants & Brewhouse and more

CHICAGO, Jan. 16, 2018 /PRNewswire/ — Grubhub, the nation’s leading online and mobile food-ordering company, today announced an expansion of its delivery capabilities to Tacoma, Wash.

Grubhub has been connecting diners with Tacoma restaurants that supply their own drivers since 2011. With this expansion, all of Tacoma’s booming food scene has the opportunity to leverage Grubhub’s large and growing network of drivers, expand their customer base and grow order volume. This also means better restaurant choice and variety for Grubhub diners, as more restaurants offer their menus for delivery.

“We’re proud to give diners more restaurant choices than ever before, from their favorite restaurants across the City of Destiny,” said Carolyn Edwards, Tacoma General Manager, Grubhub. “We’re thrilled to deepen our partnerships with local Tacoma restaurants by offering Grubhub’s delivery capabilities. Now, restaurant partners can leave the last mile of delivery to Grubhub and focus on making the gourmet, local food that Tacoma residents crave.”

Diners can now order from a wide range of Tacoma favorites on Grubhub including:

“As Grubhub Delivery continues to expand across the country, we could not be more excited to bring our capabilities to the beautiful city of Tacoma,” said Stan Chia, chief operating officer, Grubhub. “We’re now able to provide a wider selection of the city’s ever-growing restaurant scene for diners to enjoy — rain or shine.”

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.

News Type: Press Releases