GrubHub revenue jumps as more customers order food online

Reuters News
Posted: Oct 23, 2014 9:09 AM

(Reuters) - GrubHub Inc reported a 51 percent rise in quarterly revenue as more consumers used the online food-order-and-delivery company to order their meals.

The company's net income rose to $6.5 million, or 8 cents per share, in the third quarter ended Sept. 30, from $1.2 million, or 1 cent per share, a year earlier.

Revenue rose to $61.9 million from $41 million a year earlier.

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Derek Hunter

(Reporting by Abhirup Roy in Bangalore; Editing by Simon Jennings)