GrubHub beats quarterly revenue estimates on diner growth [Reuters]
Just Eat Takeaway.com N.V. - American Depositary Shares (GRUB)
Last just eat takeaway.com n.v. - american depositary shares earnings: 2/5 04:05 pm
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Source: Reuters
GrubHub beats quarterly revenue estimates on diner growth (Reuters) - GrubHub Inc ( GRUB.N ) beat Wall Street estimates for quarterly revenue on Wednesday, as the online food delivery company attracted more diners through increased restaurant partnerships. Chicago-based GrubHub said it had 22.6 million active diners in the fourth quarter, above analysts’ average estimate of 22.2 million diners. The company defines active diners as the number of unique customer accounts from which orders have been placed. Revenue rose 19% to $341.3 million, above analysts’ average estimate of $325.3 million, according to IBES data from Refinitiv. It was a reversal from the company’s disappointing third-quarter earnings, which GrubHub blamed on slowing growth as customers opted to choose from a growing pool of rival providers to get better deals. The results had wiped off $2 billion in market value. Following the fiasco, GrubHub, though a strong advocate of restaurants partnerships, said it will also
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