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 (NASDAQ: TZOO) presents itself as the club for travel enthusiasts and regularly publishes news about new Club Offers for its members. These news releases highlight rigorously vetted and negotiated travel and entertainment offers for Club Members in regions such as the United States, Canada and the United Kingdom. Each announcement showcases specific trips, hotel stays and experience-based packages that Travelzoo has arranged with its travel partners.
According to the company, Club Offers are built around the lifestyle of a modern travel enthusiast. Recent news items describe multi-night trips with flights, resort stays in destinations like the Caribbean, Cabo, Hawaii and the Maldives, city breaks in locations such as London and Brussels, and themed experiences including theatre packages and yacht sailing. Offers typically note the elements included in the package, the savings compared with regular or comparable prices and that inventory is limited and subject to availability.
Investors and travelers following TZOO news can use this page to see the kinds of offers Travelzoo is promoting and how it emphasizes its relationships with thousands of top travel companies. The news flow also reflects how the company positions its club model across North America and Europe, with separate releases tailored to members in different countries. By reviewing the sequence of announcements, readers can observe the range of destinations, trip formats and experiences that feature in Travelzoo’s communications to its Club Members.
For those tracking the brand, this news page provides a centralized view of Travelzoo’s public updates about Club Offers and illustrates how the company presents its role as a publisher of travel and entertainment offers for travel enthusiasts.
Travelzoo (NASDAQ: TZOO) has achieved a remarkable milestone by winning the 'Best Travel Website for Travel Deals' at the British Travel Awards for the 13th consecutive year. This prestigious recognition came through a consumer-voted process that garnered over 1.2 million votes in 2024, establishing it as the UK's largest consumer-voted travel awards.
The ceremony featured comedian and BBC's King Gary star Tom Davis as presenter, with Travelzoo's UK General Manager James Clarke accepting the award. Travelzoo stands among a select few brands maintaining such a consistent winning streak at these awards.
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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