Grubhub Inc. (NYSE: GRUB) reported first quarter 2020 earnings results today.
Revenues increased 12%
year-over-year to $363 million.
Net loss was $33.4
million, or $0.36 per share, compared to a net income of $6.9 million, or $0.07
per share, in the same period last year.
Adjusted earnings
amounted to $0.00 per share compared to EPS of $0.30 last year.
The company expects adjusted EBITDA of $5 million for the second quarter of 2020.