=GrubHub (GRUB) reported earnings on Mon 28 Oct 19 (a/h)

GrubHub misses by $0.01, misses on revs; guides Q4 revs below consensus, guides Q4 EBITDA well below consensus 

Reports Q3 (Sep) earnings of $0.27 per share, excluding non-recurring items, $0.01 worse than the S&P Capital IQ Consensus of $0.28; revenues rose 30.3% year/year to $322.05 mln vs the $329.54 mln S&P Capital IQ Consensus and vs prior guidance of $320-340 mln.

• Co reports a 10% yr/yr decline in Q3 adjusted EBITDA to $53.8 mln vs prior guidance of $53-60 mln and vs consensus of $56.1 mln.
• Adjusted EBITDA per order came in at $1.28. Recent quarters are as follows: $0.98 in 4Q18 to $1.09 in 1Q19 to $1.23 in 2Q19 to $1.28 in 3Q19.

Co issues downside guidance for Q4, sees Q4 revs of $315-335 mln vs. $384.6 mln S&P Capital IQ Consensus. 

• Co guides to Q4 adjusted EBITDA of $15-25 mln vs CapitalIQ consensus of $79.2 mln.