GrubHub quarterly profit beats as more diners order food online

Feb 8 (Reuters) – GrubHub Inc on Thursday reported a quarterly profit that beat analyst’s estimates, and said Yum Brands Inc would buy a 3 percent stake in the online food delivery company, sending its shares up 20 percent in premarket trading.

GrubHub continued to add restaurants to its network in the fourth quarter with partnerships including hamburger chain White Castle, The Cheesecake Factory and InterContinental Hotels in the face of competition from food delivery services of Amazon.com, Uber and Facebook Inc.

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