GrubHub soaring after earnings beat

Shares of the online food ordering and delivery company GrubHub surged over 15% on Thursday after the company beat revenue expectations in its Q4 earnings.

The stock now up about ~12%.

The company, which owns popular brands Seamless and AllMenus, delivered revenue of $100 million, a 35% increase from Q4 last year, even as deep-pocketed rivals such as Amazon and Uber are moving into the market.

Net income increased 5% year-over-year to hit $11.3 million, however its earnings-per-share remained flat at $0.13 (and slightly below analyst expectations of $0.14).

This is also a decidedly different turnout from GrubHub’s Q3 earnings, where shares plunged more than 29% after its profits missed expectations.

Here are the other key numbers:

  • Active Diners = 6.75 million, a 34% year-over-year increase from 5.03 million Active Diners in the fourth quarter of 2014.
  • Daily Average Grubs (how many orders) = 241,800, increasing 19% year-over-year

NOW WATCH: An Iranian actress posted Instagram photos of herself without a hijab and was forced to flee the country

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.