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2017-04-27 14:03:26 GRUB Use JTKWY $41.43 / +6.41 (+18.30%) , YELP Yelp $35.79 / +1.21 (+3.50%) 14:03 04/27/17 04/27 14:03 04/27/17 14:03	GrubHub soars after showing eye-popping user growth Shares of GrubHub (GRUB) surged Thursday after the meal ordering platform's first quarter results showed a significant uptick in users. QUARTERLY NUMBERS. Thursday morning, GrubHub reported Q1 profit of 29c per share on revenue of $156.1M - beating expectations for 24c on $153.04M - while raising its FY17 revenue guidance to $632M-$662M from $620M-$660M. Notably, the company also reported a 26% jump in active diners to 8.75M, while "daily average grubs" grew 21% to 324,600. MANAGEMENT COMMENTARY: On the company's earnings conference call, GrubHub executives commented that "the numbers speak for themselves. In the first quarter, we added more active diners in more restaurants than ever before... This accelerating pace of diner growth was driven by our best quarter ever in active diner additions and highlights the success of our increased advertising in the first few months of the year as well as the opportunity ahead of us. Given our performance year-to-date, we are optimistic about our ability to continue this high level of advertising throughout 2017 while maintaining high ROIs." PRICE ACTION: Shares of GrubHub have soared 19% to $41.63 in afternoon trading, while the similarly restaurant-themed Yelp (YELP) is up 3.6%. GRUB Use JTKWY $41.43 / +6.41 (+18.30%) YELP Yelp $35.79 / +1.21 (+3.50%)	27 Apr 09 May 11 May 16 May 24 May 25 May 05 Jun 08 Jun

2017-04-27 14:03:26

GRUB

Use JTKWY

$41.43 / +6.41 (+18.30%)

, YELP

Yelp

$35.79 / +1.21 (+3.50%)

14:03

04/27/17

04/27

14:03

04/27/17

14:03

GrubHub soars after showing eye-popping user growth

Shares of GrubHub (GRUB) surged Thursday after the meal ordering platform's first quarter results showed a significant uptick in users. QUARTERLY NUMBERS. Thursday morning, GrubHub reported Q1 profit of 29c per share on revenue of $156.1M - beating expectations for 24c on $153.04M - while raising its FY17 revenue guidance to $632M-$662M from $620M-$660M. Notably, the company also reported a 26% jump in active diners to 8.75M, while "daily average grubs" grew 21% to 324,600. MANAGEMENT COMMENTARY: On the company's earnings conference call, GrubHub executives commented that "the numbers speak for themselves. In the first quarter, we added more active diners in more restaurants than ever before... This accelerating pace of diner growth was driven by our best quarter ever in active diner additions and highlights the success of our increased advertising in the first few months of the year as well as the opportunity ahead of us. Given our performance year-to-date, we are optimistic about our ability to continue this high level of advertising throughout 2017 while maintaining high ROIs." PRICE ACTION: Shares of GrubHub have soared 19% to $41.63 in afternoon trading, while the similarly restaurant-themed Yelp (YELP) is up 3.6%.

GRUB

Use JTKWY