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The above graph represents the Grubhub quarterly expenses by type, starting from fiscal Q1 2013 to the recently completed quarter. Grubhub’s total operating expenses amounted to $408.89 million in Q1 2020, representing 112.65% of the total revenue. Interestingly, a majority of the company’s total revenue spent on operations and support, every quarter. With 33% YoY increase, Grubhub operations and support expenses reached an all-time high of $214.56 million during the first quarter of 2020.
|Source||Grubhub Quarterly Reports, SEC Filings|
|Note||Grubhub fiscal year starts from January 1st|
In Q1 2020, the US-based food delivery firm spent nearly one fourth of its total quarterly revenue on sales, marketing and advertising campaigns. Grubhub sales and marketing expenses also hit an all-time high of $90.7 million in Q1 2020, with an impressive increase of 15.7% YoY.
Grubhub technology expenses totalled $31.3 million during the first quarter ended March 31, 2020. The 14.8% YoY increase was primarily attributable to the 19% growth in the company’s technology team to support the growth and development of the platform.
Grubhub General and administrative expense increased a massive 70.9% YoY in Q1 2020, to $38.9 million. The sudden increase was primarily attributable to a $12.5 million legal settlement accrual during the first quarter.
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