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Travelzoo Common Stock (symbol: TZOO) represents a global media commerce company that connects over 30 million members across North America, Europe, and Asia Pacific with exclusive travel, entertainment, and local deals. With 26 offices worldwide, Travelzoo® operates in four key segments: Travelzoo North America, comprising operations in Canada and the U.S.; Travelzoo Europe, with operations in France, Germany, Spain, and the U.K.; Jack's Flight Club, offering premium subscription-based flight deals; and New Initiatives focusing on licensing activities in Asia Pacific territories.
Travelzoo derives its revenue through advertising fees, including listing fees from travel, entertainment, and local businesses. The company is particularly well-known for its meticulous deal vetting process, ensuring offers are of true value to its members. Recently, Travelzoo launched the #TravelforTomorrow initiative, encouraging conscious travel practices and aiming for one million pledges by travelers to adopt sustainable habits.
Significant milestones include a shift to a paid membership model from January 1, 2024, and a strong financial performance, with a 14% increase in consolidated revenue in Q4 2023. The company reported $3.7 million in net income for the same quarter. Travelzoo's strategic partnerships with over 5,000 top travel suppliers allow it to offer unique and attractive deals to its members, emphasizing high-quality travel experiences at outstanding value.
As of early 2024, the company also announced a stock repurchase program, aiming to repurchase up to 1,000,000 shares of its outstanding common stock, signaling confidence in its financial health and future growth prospects.
Travelzoo (TZOO) reported Q3 2024 financial results with revenue of $20.1 million, down 2% year-over-year. The company achieved a consolidated operating profit of $4.0 million and non-GAAP operating profit of $4.9 million. Net income was $3.2 million, or $0.26 per share, compared to $0.16 in the prior year. North America revenue decreased 4% to $12.8 million, while Europe revenue increased 1% to $6.1 million. The company maintained a strong cash position with $12.1 million in cash and equivalents, generating $5.3 million in operating cash flow.
Travelzoo (NASDAQ: TZOO), the club for travel enthusiasts, has announced its Q3 2024 earnings conference call scheduled for October 23, 2024, at 11:00 AM ET. The company will release its financial results for the quarter ended September 30, 2024, before the market opens on the same day. A live webcast of the earnings call will be available at http://ir.travelzoo.com/events-presentations, with an archived version accessible through the same link within 2 hours after the call ends.
Travelzoo boasts 30 million members who receive exclusive offers and unique experiences reviewed by deal experts worldwide. The company partners with over 5,000 top travel suppliers to provide access to exceptional deals in travel, entertainment, and lifestyle experiences.
Travelzoo (NASDAQ: TZOO) reported its Q2 2024 results with revenue of $21.1 million, consistent year-over-year. The company achieved a consolidated operating profit of $4.0 million and a non-GAAP operating profit of $4.8 million. Earnings per share (EPS) increased to $0.23, up from $0.17 in the prior-year period. Cash flow from operations was $3.1 million.
Travelzoo's North America segment revenue remained stable at $14.1 million, while Europe saw a 1% increase to $6.0 million. Jack's Flight Club, in which Travelzoo has a 60% stake, grew revenue by 9% to $1.1 million. The company's global membership remained steady at 30.8 million.
Looking ahead, Travelzoo expects revenue growth in Q3 2024, albeit at a slower pace than in 2023, with higher profitability year-over-year. The company anticipates substantial revenue growth in 2025 due to additional membership fee revenue.
Travelzoo (NASDAQ: TZOO), the club for travel enthusiasts, has announced its Q2 2024 earnings conference call scheduled for July 25, 2024, at 11:00 AM ET. The company will release its financial results for the quarter ended June 30, 2024, before the market opens on the same day. A live webcast of the earnings call will be available at http://ir.travelzoo.com/events-presentations and will be archived within 2 hours of the call's conclusion.
Travelzoo boasts 30 million members who receive exclusive offers and unique experiences reviewed by deal experts worldwide. The company partners with over 5,000 top travel suppliers to provide access to exceptional deals in travel, entertainment, and lifestyle experiences.
Travelzoo (NASDAQ: TZOO) has announced the hiring of Matt Epstein as Chief Transformation Officer, effective June 12, 2024. Epstein will be part of the global executive team in New York City, focusing on accelerating new developments in Travelzoo's membership. He joins from Walmart where he served as Vice President, Walmart+ Member Experience, Care, and Retention. Epstein has previously held senior roles at SiriusXM Radio and Amazon. He holds an MBA from Darden Graduate School of Business. As part of his compensation, Epstein will receive an option to purchase 100,000 shares of Travelzoo's common stock, vesting over four years. Travelzoo's Global CEO, Holger Bartel, expressed enthusiasm about Epstein's appointment, highlighting its strategic timing amid the company's expansion efforts.
Travelzoo® (TZOO) has initiated a share repurchase program, allowing the buyback of up to 1,000,000 shares of its common stock. The repurchases will be funded through available cash and conducted based on various factors, such as cash balances, market conditions, and alternative investment opportunities.
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