Grubhub reported a quarterly loss, stark evidence of the pressure food-delivery companies feel as they compete for new customers with discounts and expansion
Grubhub Inc. reported a loss in its most recent quarter, evidence of the pressure on food-delivery companies vying for customers with discounts and expansion efforts.
The Chicago-based company on Wednesday said sales rose to $341 million for the quarter that ended in December, a 19% increase from $288 million a year earlier. The company reported 23 million active diners at the end of last year, compared with 18 million in the final 2018 quarter.
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