Mobile Commerce

GrubHub Gaining Traction With Diners

It is looking like the second quarter of 2015 was pretty tasty for GrubHub.

The mobile-oriented food delivery service reported earnings of $9.4 million — up from $2.7 million a year ago. Revenue also saw a big jump year over year. In Q2 2015, GrubHub snapped up $88 million in revenue — up 47 percent from the very respectable $60 million of Q2 2014.

The big uptick in revenue derives from the service’s big surge in usership figures. Active diners were up 42 percent to 5.9 million in Q2. That charged up food sales, which bounced 34 percent to $568 million.

As for what comes next for the Chicago-based burgeoning food delivery giant, the firm estimates adjusted EBITDA of $23 million to $25 million in the third quarter on revenue of $85 million to $87 million. For the rest of 2015 on the whole, it is projecting adjusted EBITDA of $104 million to $112 million on revenue of $358 million to $364 million.

While the news was on the whole positive, the market did not show much reaction. The stock remained stable at $31.

 

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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