-=Grubhub (GRUB) reported earnings on Wed 6 May 20 (a/h)

Grubhub beats by $0.03, reports revs in-line

Reports Q1 (Mar) net of breakeven, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of ($0.03); revenues rose 12.1% year/year to $363 mln vs the $359.76 mln S&P Capital IQ Consensus.

• Active Diners: 23.9 million, a 24% year-over-year increase from 19.3 million Active Diners in the first quarter of 2019.
• Daily Average Grubs (DAGs): 516,300, a 1% year-over-year decrease from 521,000 DAGs in the first quarter of 2019.
• Gross Food Sales: $1.6 billion, an 8% year-over-year increase from $1.5 billion in the first quarter of 2019.

Expects Q2 adjusted EBITDA to be $5 mln.