Grubhub grew to serve 33 million active diners in the first quarter of 2021, marking a 38 percent year-over-year rise from 23.9 million active diners in the first quarter of 2020, according to a Wednesday (April 28) announcement.
The delivery company had 745,700 daily average grubs (DAGs) in the first quarter of 2021, marking a 44 percent increase from 516,300 DAGs in the first quarter of 2020, the announcement stated. Grubhub also posted $2.6 billion in gross food sales, marking a 60 percent jump from $1.6 billion in the first quarter of 2020.
“We are proud of our continued role in helping restaurants grow their businesses and supporting the communities where they operate,” Grubhub Founder and CEO Matt Maloney said in the announcement. “Our team continued its strong execution in the first quarter — easily hitting records for all of our key business metrics.”
Grubhub President and Chief Financial Officer Adam DeWitt said in the announcement that the company saw strength throughout each of its markets in the first quarter and it had the “highest growth coming in places with a heavy existing competitive presence.”
“We also observed a continued, steady recovery in our largest market, New York City,” DeWitt said in the announcement.
As for its overall results, Grubhub reported a non-GAAP net loss per diluted share of 56 cents on $550.6 million in revenues, the announcement stated.
In terms of Just Eat Takeaway.com’s potential purchase of Grubhub, Maloney said in the announcement that the company is “looking forward to closing the transaction in the coming months and beginning our next chapter as part of the Just Eat Takeaway.com family” with “yesterday’s public filing of the registration statement and preliminary proxy statement with the SEC and the Grubhub special stockholder meeting expected to take place in June.”
The news comes as Grubhub’s app grew to have 31.4 million active users in the fourth quarter, marking a 39 percent year-over-year increase at the time.
The Grubhub collection of brands includes Grubhub, Seamless, MenuPages, AllMenus and LevelUp.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More