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I don't use food delivery services so I'm not familiar with industry but from the business point of view can somebody explain me how GrubHub being 15 years old
by mrkramer 6y ago
I don't use food delivery services so I'm not familiar with industry but from the business point of view can somebody explain me how GrubHub being 15 years old has $1.3bn of revenue but UberEats and DoorDash being much younger have $2.5bn and $1.9bn of revenue respectively.
- nrmitchi 6y agoBecause it's revenue. If I spend $10 to acquire a customer worth $50 in revenue, my revenue is $50. If I spend $150 to acquire a customer worth $100 in revenue, my revenue is $100. In the second situation I have twice as much revenue. The fact that that revenue has been heavily subsidized and isn't profitable doesn't make it any less "revenue".