-=GrubHub (GRUB) reported earnings on Wed 25 July 2018 (b/o)

GrubHub beats by $0.09, beats on revs; guides Q3 revs above consensus; raises FY18 guidance above consensus; acquires LevelUp for $390 mln 

• Reports Q2 (Jun) earnings of $0.50 per share, excluding non-recurring items, $0.09 better thanthe Capital IQ Consensus of $0.41; revenues rose 50.9% year/year to $239.7 mln vs the $233.05 mln Capital IQ Consensus. 
• EBITDA +61% to $67.4 mln vs. $59-65 mln guidance.
• Daily Average Grubs (DAGs) were 423,200, a 35% year-over-year increase.
• Co issues upside guidance for Q3, sees Q3 revs of $232-240 mln vs. $230.61 mln Capital IQ Consensus Estimate; EBITDA $58-64 mln.
• Co issues upside guidance for FY18, sees FY18 revs of $966-983 mln vs. $960.45 mln Capital IQ Consensus; EBITDA to $256-270 mln from $242-262 mln 
• Grubhub also the acquisition of Boston-based LevelUp for $390 mln in cash, the leader in mobile diner engagement and payment solutions for national and regional restaurant brands. With the addition of LevelUp, Grubhub will offer national and independent restaurants the industry's most comprehensive solution to drive online delivery and pickup orders, from demand generation through fulfillment.