Louisiana-based food delivery startup Waitr recently released an earnings report after going public at the end of last year.
In total, the startup made $69 million in revenue and reported a net loss of $35 million, which is a 200 percent growth in revenue overall in 2018.
Less than one year ago, Waitr was acquired by Texas billionaire Tilman Fertitta, owner of the Houston Rockets and president of Landry’s restaurants, who runs Landcadia Holdings. Lancadia Holdings combined with Waitr and was renamed Waitr Holdings, Inc.
Waitr then acquired another company with a similar business model called BiteSquad, which was completed a few weeks ago. With the existing Bite Squad markets, Waitr is now in 86 markets, more than 500 cities, and across 22 states.
Full financial details are expected in March.