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Technology Stocks : GrubHub Inc. (GRUB)
GRUB 61.05-0.1%Jun 11 5:00 PM EST

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From: JakeStraw10/26/2016 9:15:25 AM
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Grubhub Reports Record Third Quarter Results
finance.yahoo.com

Order growth accelerated to 26% year-over-year, and the Company posted quarterly revenues of $123.5 million, which is a 44% year-over-year increase from $85.7 million in the third quarter of 2015.

"We are pleased with Grubhub's third quarter growth, as we continue building the most comprehensive marketplace for restaurants and takeout diners. Our product improvements and investment in delivery continue to generate high levels of sustainable growth," said Matt Maloney, Grubhub CEO. "Grubhub is now delivering for restaurant partners in over 60 markets nationwide, and our growth rate is generally highest in markets where a substantial percentage of orders are being delivered by our drivers."
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