Grubhub Inc. (GRUB) shares are sliding more than 6% in Thursday's morning trade.
The company reported net loss of $33.4 million or $0.36 per share compared with a profit of $6.9 million or $0.07 per share last year. Revenue for the quarter, however, increased to $363 million from $323.8 million in the previous year.
Currently, the shares of the online and mobile food-ordering and delivery marketplace are at $46.62, down 8.30 percent from the previous close of $50.83. GRUB gapped down at $48.29 at open. The company noted that at current volume trends, it could be generating meaningful Adjusted EBITDA in the second quarter.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.