Grubhub Reports Fourth Quarter And Full Year 2015 Results
finance.yahoo.com
Grubhub generates 36% revenue growth in the fourth quarter
Fourth Quarter Financial Highlights
Revenues: $100.0 million, a 36% year-over-year increase from $73.3 million in the fourth quarter of 2014.
Non-GAAP Adjusted EBITDA: $26.8 million, a 7% year-over-year increase from $25.0 million in the fourth quarter of 2014.
Net Income: $11.3 million, or $0.13 per diluted share, a 5% year-over-year increase from $10.8 million, or $0.13 per diluted share, in the fourth quarter of 2014.
Non-GAAP Net Income: $16.7 million, or $0.19 per diluted share, a 16% year-over-year increase from $14.4 million, or $0.17 per diluted share.
Fourth Quarter Key Business Metrics Highlights
Active Diners were 6.75 million, a 34% year-over-year increase from 5.03 million Active Diners in the fourth quarter of 2014.
Daily Average Grubs were 241,800, a 19% year-over-year increase from 202,700 Daily Average Grubs in the fourth quarter of 2014.
Gross Food Sales were $643 million, a 26% year-over-year increase from $508 million in the fourth quarter of 2014.
Full Year Financial Highlights
Revenues: $361.8 million, a 43% year-over-year increase from $253.9 million in 2014.
Non-GAAP Adjusted EBITDA: $105.0 million, a 33% year-over-year increase from $78.7 million in 2014.
Net Income: $38.1 million, or $0.44 per diluted share, a 57% year-over-year increase from $24.3 million, or $0.30 per diluted share, in 2014.
Non-GAAP Net Income: $58.1 million, or $0.68 per diluted share, a 51% year-over-year increase from $38.5 million, or $0.47 per diluted share, in 2014.
Full Year Key Business Metrics Highlights
Active Diners were 6.75 million, a 34% increase from 5.03 million Active Diners in 2014.
Daily Average Grubs were 227,100, a 24% year-over-year increase from 182,800 Daily Average Grubs in 2014.
Gross Food Sales were $2.4 billion, a 32% year-over-year increase from $1.8 billion processed in 2014.
"We are incredibly proud of the progress we made in 2015. Our significant upgrades in product and technology as well as our investments in restaurant partnerships set us up for continued growth in 2016 and beyond," continued Maloney. "Our capital-efficient model and strong free cash flow have enabled us to introduce a share buyback to return value opportunistically to shareholders while increasing our overall flexibility through the planned establishment of a credit facility. This flexibility will allow us to acquire attractive assets at reasonable prices if the recent market volatility creates opportunities." |
