January 23, 2017 12:15 AM ET

Internet Software and Services

Company Overview of GrubHub Inc.

Company Overview

GrubHub Inc., together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 40,000 local restaurants with diners in approximately 1,000 cities. It operates GrubHub and Seamless Websites through grubhub.com and seamless.com. The company also offers GrubHub and Seamless mobile applications and mobile Websites for iPhone, iPad, Android, iWatch, and Apple TV devices; and Seamless Corporate program that helps businesses address inefficiencies in food ordering and associated billing. In addition, it provides Allmenus.com and MenuPages, which provide an aggregated database of approximately 3...

111 West Washington Street

Suite 2100

Chicago, IL 60602

United States

Founded in 1999

1,105 Employees

Phone:

877-585-7878

Key Executives for GrubHub Inc.

Founder, Chief Executive Officer and President
Age: 40
Total Annual Compensation: $600.0K
Chief Financial Officer and Treasurer
Age: 43
Total Annual Compensation: $375.0K
Senior Vice President of Operations
Age: 34
Total Annual Compensation: $258.2K
Senior Vice President, General Counsel and Secretary
Age: 52
Total Annual Compensation: $368.0K
Chief Marketing Officer
Age: 40
Total Annual Compensation: $228.1K
Compensation as of Fiscal Year 2015.

GrubHub Inc. Key Developments

Grubhub Unveils New Features to Enhance Site Usability

Grubhub announced the launch of new features to make its platforms even easier for diners to use: Preorder, Express Reorder and Map Based Search. The features make online and mobile ordering more seamless than ever and are available to all of Grubhub's diners. These features will help diners find food from their local favorites quickly, whether they are at home or on the go, and are perfect for any lifestyle: busy parents, working professionals, or diners new to a neighborhood. A Look at the New Features: Preorder: Allows diners to order up to 120 hours in advance, and to change their order up until the time they receive their order confirmation on the day of delivery. Benefits anyone who has a busy schedule; parents and working professionals can plan the time they receive their meal ahead of time. Available on all Grubhub and Seamless platforms Map Based Search: Enables diners to filter search results within a map-based view of restaurants. Allows diners to see the precise location of each restaurant. Provides an easy and relatable user experience, with maps powered by google Available on Grubhub and Seamless desktop and mobile web platforms. Express Reorder: Makes it easy for diners on the go to quickly reorder a meal from their order history, in just two clicks. Available on Grubhub and Seamless desktop and Android App. iOS in development The new features are now available for both Grubhub and Seamless diners.

GrubHub Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2016

GrubHub Inc. reported unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2016. For the quarter, revenues were $123,461,000 against $85,662,000 a year ago. Income before provision for income taxes was $20,767,000 against $11,668,000 a year ago. Net income attributable to common stockholders was $13,182,000 or $0.15 per basic and diluted share against $6,867,000 or $0.08 per basic and diluted share a year ago. EBITDA was $29,856,000 against $17,967,000 a year ago. Adjusted EBITDA was $35,466,000 against $21,463,000 a year ago. Non-GAAP net income was $19,934,000 or $0.23 per diluted share against $11,499,000 or $0.13 per basic and diluted share a year ago. For the nine months, revenues were $355,874,000 against $261,866,000 a year ago. Income before provision for income taxes was $60,610,000 against $46,290,000 a year ago. Net income attributable to common stockholders was $35,920,000 or $0.42 per basic and diluted share against $26,789,000 or $0.31 per diluted share a year ago. Net cash provided by operating activities was $62,433,000 against $13,590,000 a year ago. Purchase of property and equipment was $17,083,000 against $2,866,000 a year ago. Acquisition of other intangible assets was $250,000. EBITDA was $85,892,000 against $67,667,000 a year ago. Adjusted EBITDA was $105,436,000 against $78,131,000 a year ago. Non-GAAP net income was $56,754,000 or $0.66 per diluted share against $41,431,000 or $0.48 per basic and diluted share a year ago. For the quarter, active diners were 7,685,000 compared to 6,431,000 a year ago. Daily average Grubs were 267,500 compared to 211,500 a year ago. For the nine months, active diners were 7,685,000 compared to 6,431,000 a year ago. Daily average Grubs were 268,800 compared to 222,000 a year ago. The company provided earnings guidance for the fourth quarter ending December 31, 2016. For the quarter, the company expects revenue in the range of $136 million to $138 million, adjusted EBITDA in the range of $38 million to $40 million, net income in the range of $14 million to $15 million, EBITDA in the range of $32 million to $34 million and depreciation and amortization in the range of $9 million to $9 million.

GrubHub Inc. Announces Board Changes

GrubHub Inc. announced that Justin Sadrian, a member of the board of directors the company, resigned from the board, the audit committee and the nominating and corporate governance committee. The board increased the size of the board to ten members and appointed David Habiger and Linda Johnson Rice as class II directors. As a Class II director, each of Mr. Habiger and Mrs. Johnson Rice will serve on the board until the company's 2019 annual meeting of stockholders and until his or her successor is duly elected and qualified. The board also appointed Mr. Habiger to serve on the audit committee and the compensation committee and Mrs. Johnson Rice to serve on the nominating and corporate governance committee.

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