Summary As Amazon partnered with Grubhub, we estimated its user growth opportunities at 62 mln users by leveraging Amazon’s massive Prime members of 160 mln. With the additional users, we expect this to provide incremental transaction volumes for Grubhub of $3.41 bln per year through 2026. In terms of market share of the food delivery …
Continue reading “Just Eat Takeaway: Amazon Partnership Could Double Grubhub’s Growth”
The pandemic accelerated competition for on-demand food delivery, and in the United States, there were two clear winners: DoorDash and Uber, which together control 96% of a market that has doubled over the past two years. After years of using venture capital money to keep prices low and buy up smaller competitors along the way, …
Continue reading “Uber and DoorDash found a way to make food-delivery profitable”
Just Eat Takeaway.com, Grubhub’s parent and Europe’s largest meal delivery company, on Wednesday reported a smaller loss for the first half of 2022 and maintained growth and margin forecasts for the full year, promising lower spending on costs such as a recent commercial featuring pop icon Katy Perry. Investors lauded the company’s focus on profitability, which …
Continue reading “Grubhub owner jokes about Katy Perry ad as it takes $3B writedown”
Just Eat Takeaway.com revealed a 3 billion euro (£2.5 billion) hit over its US-based Grubhub business as it reported a drop in half-year orders after demand eased with the waning of the pandemic-fuelled boom. Total orders fell 7% in the first half of 2022 compared with a year earlier due to the lifting of lockdowns …
Continue reading “Just Eat takes £2.5bn hit on Grubhub as takeaway orders dwindle”
Amazon announced it will offer Prime members unlimited food delivery through the delivery app GrubHub. While the move will almost certainly be unprofitable in the short run given GrubHub’s financial woes, it could help Amazon capture yet another major American industry. GrubHub and other food delivery apps operate at a loss. Still, they got a predictable boost during the …
The Amazon-Grubhub alliance Grubhub, the struggling US meal-delivery business, is getting a second chance. On Wednesday, the company announced that it was teaming up with retail behemoth Amazon.com Inc., which is adding food delivery as a perk for millions of Amazon Prime members. With the deal, Prime customers can get online food takeout with no delivery fees …
Continue reading “What Amazon and Grubhub Get From a Partnership”
July 6 (Reuters) – Amazon.com Inc (AMZN.O) has secured the right to buy a 2% stake in Just Eat Takeaway.com’s (TKWY.AS) Grubhub and will offer no-fee access to the service for a year to U.S. Prime members, hoping to boost subscriptions with a renewed push into meal delivery. Announced ahead of Amazon’s July “Prime Day” marketing blitz starting Tuesday, …
Continue reading “Amazon makes Grubhub deal to give Prime members fee-free food”
Key Takeaways Amazon Prime members will receive free GrubHub+ memberships as part of a new deal with GrubHub’s parent company, JustEat Takeaway.com In exchange, Amazon will receive options to purchase between 2 and 15% of JustEat Takeaway.com, with the final figure dependent on how many new users it drives to GrubHub. The market has responded …
Continue reading “Should Amazon And GrubHub’s Deal Make DoorDash Nervous?”
Grubhub received a big boost after Amazon announced it’s giving a free year of the Grubhub+ to its nearly 150 million U.S. Prime members as a new perk, affording them access to free and unlimited deliveries starting immediately. This comes less than three months after Just Eat Takeaway.com put Grubhub up for sale after the Amsterdam-based …
Continue reading “Curious: Amazon Adds Grubhub+ for Prime Members”
Grubhub’s parent company Just Eat Takeaway continues to seek out strategic partnerships as a way to improve its U.S. business. “The CEO Jitse [Groen] of Takeaway has been very vocal about, ‘Hey my preference is to have a strong partner and continue to have ownership in Grubhub,’” Grubhub CEO Adam DeWitt said Thursday during Wall Street Journal’s Global Food Forum. “A sale …
Continue reading “Grubhub CEO: A strong partnership is preferred as company mulls future”
