The above graph represents the Grubhub revenue by year, starting from fiscal 2011 to 2019. The US-based food delivery company reported a strong 30.3% YoY growth in its annual revenue, amounting to $1,312.15 million in 2019. Over 26% or $341.3 million in revenue was generated during the fourth quarter of 2019. The growth in Grubhub annual revenue was primarily driven by the significant YoY increase in the number of active Diners and daily average orders placed.
Grubhub Annual Revenue Growth: History
|Source||Grubhub Annual Reports, SEC Filings|
|Note||Grubhub fiscal year starts from January 1st|
As the graph shows, Grubhub achieved its first $100 million revenue milestone in 2013. The company’s total revenue increased 66.6% YoY, from $82.3 million in 2012 to $137.14 million in 2013.
In 2017, the annual of Grubhub Inc. crossed $500 million mark for the first time. With an appreciable 38.5% YoY growth, Grubhub’s global revenue clocked over $683 million. The growth in revenue was primarily due to the increase in our average commission rates, the number of active diners, and a higher average order size.
Interestingly, 2018 remains one of the most memorable year for Grubhub Inc. as the company achieved its first $1 billion revenue milestone. The food delivery giant reported a strong 47.5% YoY growth in its annual revenue, amounting to $1,007.26 million, worldwide. During the year, Grubhub processed $5.1 billion in gross food
sales, representing 34% YoY increase from the $3.8 billion in gross food sales processed in 2017.
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