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) has updated its revenue guidance for Q4 2022, projecting approximately $18.5 million, reflecting a 31% year-over-year increase. The company notes that its revenue trend is distinct from travel suppliers, as it capitalizes on the demand shift post-pandemic. CEO Holger Bartel stated that improved offers are driving accelerating revenue growth. Travelzoo connects its 30 million members with exclusive deals through partnerships with over 5,000 travel suppliers.
Travelzoo® (NASDAQ: TZOO) has achieved the highest ranking for consumer satisfaction in the travel offers category, awarded by FOCUS-MONEY magazine in Germany. This marks the fourth consecutive year that Travelzoo received this honor in a survey assessing 632 digital brands. Over 96,000 readers participated in the survey. Additionally, Travelzoo was recognized in another survey by BILD Zeitung, receiving a 'Top Preis-Leistung' rating. These accolades highlight Travelzoo's commitment to providing exceptional value to its 30 million members worldwide.
Travelzoo (NASDAQ: TZOO) reported Q3 2022 revenue of $15.8 million, up 1% year-over-year. In constant currencies, revenue grew to $16.7 million, a 6% increase. The company achieved a non-GAAP operating profit of $1.1 million with EPS of $0.06, down from $0.22 in Q3 2021 due to prior income effects. North America revenue rose 9% to $10.5 million, while Europe fell 14% to $4.5 million. Cash reserves totaled $20.5 million, and the company anticipates improved performance in Q4 2022.
Travelzoo (NASDAQ: TZOO) will discuss its financial results for Q3 2022 on a conference call scheduled for October 26, 2022, at 11:00 AM ET. The company will release its financial results before the market opens on the same day. Travelzoo provides exclusive offers and experiences to its 30 million members through partnerships with over 5,000 travel suppliers. The call will include a live webcast accessible via Travelzoo's investor relations website, with an archived version available post-call.
Jack's Flight Club, owned by Travelzoo (NASDAQ: TZOO), has seen a remarkable 25% rise in global premium memberships since August 2021, with U.S. membership soaring by 413%. As of August 2022, it boasts over 1.8 million members globally. The service, which helps travelers find the best airfare deals, has saved members more than $100 million, averaging $515 in savings per long-haul trip. Amid rising airfare prices, Jack's Flight Club's value proposition continues to grow.
Travelzoo (NASDAQ: TZOO) reported Q2 2022 revenue of $17.7 million, down 7% year-over-year, with an operating profit of $2.6 million. EPS was $0.08, a decrease from $0.22 in Q2 2021. Despite a decline in North America revenue (-11%), European revenue increased by 3%. As of June 30, 2022, cash reserves totaled $26.7 million, with a forecast of higher revenue and profitability for Q3 2022. The company has 30.7 million members globally and anticipates growth in licensing revenue.
Travelzoo (NASDAQ: TZOO) will hold a conference call on July 27, 2022, at 11:00 AM ET to discuss its Q2 2022 financial results. The results will be released before the market opens on the same day. Interested parties can access a live webcast of the call via this link, which will also archive the session within 24 hours. Travelzoo serves 30 million members with exclusive offers from over 5,000 travel suppliers, focusing on outstanding travel and entertainment experiences.
Travelzoo (NASDAQ: TZOO) has announced a share buyback program, authorizing the repurchase of up to 1,000,000 shares of its common stock. This initiative will utilize available cash and will be executed in the open market, depending on Travelzoo's cash reserves and market conditions. The decision reflects the company's commitment to enhancing shareholder value and confidence in its long-term growth potential.
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