Grubhub Investor Presentation Deck

Two Sided Network Creates a Virtuous Cycle Number of Restaurants (000s) 28.8 2013 $1.3 2013 33.9 2014 Gross Food Sales (2) (B) $1.8 2014 >40 2015 $2.4 2015 MORE RESTAURANTS MORE DINERS GRUBHUB NCREASED SA MORE ORDERS 3.4 2013 135.5 Active Diners (¹) (M) 2013 5.0 2014 Daily Average Grubs (3) (000s) 182.8 2014 (1) Calculated as the number of unique diner accounts from which an order has been placed in the past twelve months through our platform (2) Calculated as the total value of food, beverages, taxes, prepaid gratuities, and any delivery fees for all revenue generating orders processed through our platform during the twelve months ended December 31 (3) Calculated as the number of revenue generating orders placed on our platform divided by the number of days for a given period 6.7 2015 227.1 2015 GH 19

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