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 consolidated revenue of $15.7 million for Q3 2021, marking a 14% increase year-over-year, though down 18% from the previous quarter. Earnings per share (EPS) reached $0.22, a recovery from a loss of ($0.10) in the same period last year. While North American revenue rose 6%, operating losses expanded to $918,000. In Europe, revenue surged 43%, achieving an operating profit of $600,000. Despite a challenging environment due to COVID-19, the company remains optimistic about Q4 profitability and recovering revenues.
Travelzoo (NASDAQ: TZOO) will host a conference call to discuss its Q3 2021 financial results on October 29, 2021, at 11:00 AM ET. A press release with the results will be issued 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 live webcast can be accessed at ir.travelzoo.com/events-presentations, with archives available within 24 hours.
Travelzoo (NASDAQ: TZOO) will host a conference call on October 25, 2021, at 11:00 AM ET to discuss its Q3 2021 financial results. The results will be released before the market opens on the same day. Investors can access the live webcast of the call via Travelzoo's investor relations page. Travelzoo provides exclusive offers and experiences for its 30 million members, partnering with over 5,000 top travel suppliers.
Travelzoo (NASDAQ: TZOO) will host a conference call on October 20, 2021, at 11:00 AM ET to discuss its financial results for Q3 2021. A press release detailing these results will be issued before the market opens on the same day. Investors can access the live webcast of the call at ir.travelzoo.com, which will also be archived for future viewing. Travelzoo offers exclusive travel and lifestyle deals to its 30 million members through partnerships with over 5,000 travel suppliers.
Travelzoo (NASDAQ: TZOO) has achieved the highest consumer rating for online travel deals in Germany, according to a national survey conducted by ServiceValue and published by BILD Zeitung. The survey collected over 850,000 votes across 2,995 brands. Travelzoo was recognized as the #1 most liked and trusted brand in this category. Christian Smart, General Manager of Travelzoo in Germany, expressed pride in the recognition, attributing it to their team's efforts in providing irresistible offers. Travelzoo serves 30 million members with exclusive deals.
Travelzoo reported strong Q2 2021 results, with consolidated revenue of $19.1 million, reflecting a 172% year-over-year increase. The operating profit reached $4.9 million, and earnings per share (EPS) was $0.22, a significant recovery from a loss of ($0.48) per share last year. The company's cash flow from operations stood at $12.8 million, with a cash position of $82.1 million as of June 30, 2021. North America segment revenue grew 233% year-over-year to $14.0 million, while Europe increased by 128%. The company aims for continued revenue growth and profitability in Q3 2021.
Travelzoo (NASDAQ: TZOO) is set to host a conference call on July 21, 2021, at 11:00 AM ET to discuss its Q2 2021 financial results. The company will announce its earnings before the market opens on the same day. Travelzoo, a global Internet media company, offers exclusive deals and experiences for its 30 million members, leveraging strong relationships with over 5,000 travel suppliers to deliver unique travel, entertainment, and lifestyle experiences. The webcast will be available for 24 hours post-call.
Travelzoo (NASDAQ: TZOO) announced that its Annual Meeting of Stockholders will be held virtually on June 1, 2021, at 10:00 a.m. Pacific Daylight Time due to the ongoing COVID-19 pandemic. Stockholders eligible to participate must have been on record as of April 7, 2021. Attendance requires logging in 15 minutes prior to the meeting using a unique 16-digit control number provided with their proxy materials. Stockholders are encouraged to vote in advance of the meeting.
Travelzoo (NASDAQ: TZOO) announced the promotion of William Brown to General Manager of Canada, effective May 7, 2021. Brown, who joined the company in 2009, has held various roles across the organization, demonstrating significant growth and development through Travelzoo's mentorship program. His appointment reflects Travelzoo's commitment to developing in-house talent. Brown expressed enthusiasm for leading the Canadian division and aims to drive further growth, leveraging the company's strong brand and capable team.
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