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GrubHub Surges 6%: M&A Drives Diners to 10 Million

Revenue of $163.1 million, up 32% from the prior year period, yielded earnings per share of 28 cents, topping consensus for $159.63 million and 24 cents.

For the current quarter, the company said it expects revenue in a rang of $197 million to $205 million, easily beating the average estimate for $182 million.

The company’s “active diners” rose 28%, year over year, to 9.81 million, while the “daily average grubs” served rose 14%, to 304,500.

A lot of the Street’s focus is on the company’s M&A, and CEO Matt Maloney was upbeat on that matter, noting that “with the addition of the Eat24, Foodler and OrderUp restaurants to our network, we can help diners find their ideal local favorites better than ever before."

CFO Adam DeWitt noted that the copay’s Ebitda was a company record, at $1.54 per food order, even though it was “our seasonally soft quarter."


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