Welcome to our dedicated page for TRAVELZOO news (Ticker: TZOO), a resource for investors and traders seeking the latest updates and insights on TRAVELZOO stock.
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 (NASDAQ: TZOO) reported its Q1 2023 financial results, showcasing a consolidated revenue of $21.6 million, an increase of 17% year-over-year. In constant currencies, revenue rose 19% to $22.1 million. The company achieved a net income of $3.7 million for the quarter, with earnings per share (EPS) at $0.23, compared to $0.19 in Q1 2022. The non-GAAP consolidated operating profit was $5.5 million. North America led the growth with a revenue increase of 26% to $14.8 million. However, Travelzoo Europe saw stable revenues of $5.9 million. Cash and cash equivalents totaled $19.8 million as of March 31, 2023, with net cash provided by operations at $535,000.
Travelzoo (NASDAQ: TZOO) has announced plans to hold a conference call on April 27, 2023, at 11:00 AM ET to discuss its financial results for the first quarter ending on March 31, 2023. A press release detailing these results will be published before the market opens on the same day. Investors can access the live webcast of the conference call through the company's investor relations page, and an archive will be available shortly after. Travelzoo continues to provide exclusive offers and experiences to its 30 million members, leveraging partnerships with over 5,000 top travel suppliers.
Travelzoo (NASDAQ: TZOO) reported a revenue increase of 36% year-over-year, reaching $18.6 million for Q4 2022, with a 42% rise in constant currencies.
Net income attributable to continuing operations was $2.5 million, resulting in EPS of $0.20, compared to a loss of ($0.27) the previous year.
Non-GAAP operating profit stood at $4.8 million. Travelzoo's North America revenue surged 53% to $13.1 million, while Europe saw a 9% increase to $4.7 million.
Looking ahead, the company expects continued revenue growth and profitability in Q1 2023.
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