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) 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.
Travelzoo (NASDAQ: TZOO) reported Q1 2021 consolidated revenue of $14.3 million, a decline of 30% year-over-year but up 14% from the previous quarter. The company faced a net loss of $1.6 million from continuing operations, with an EPS of ($0.14). Cash flow from operations stood at $11.9 million. Travelzoo's North America revenue decreased 23% to $9.8 million, while Europe saw a 48% drop to $3.6 million. Despite challenges, the CEO noted a recovery trend and reduced operating costs ahead.
Travelzoo (NASDAQ: TZOO) will hold a conference call on April 22, 2021, at 11:00 AM ET to discuss its financial results for Q1 2021, ending March 31, 2021. A press release with these results will be issued before market opening on the same day. Investors can access the live webcast and subsequent archive through Travelzoo's investor relations page. Travelzoo has over 30 million members, offering exclusive travel deals through partnerships with more than 5,000 travel suppliers, enhancing its appeal in the travel industry.
Travelzoo (NASDAQ: TZOO) announced the appointment of Michèle Huiban as Chief Financial Officer (CFO). Huiban, a seasoned executive with a strong background in media and fashion, previously held leadership roles at Lanvin Group and Gaumont. Her experience is expected to enhance Travelzoo's financial strategy as the company anticipates accelerated growth. CEO Holger Bartel expressed enthusiasm for her joining, highlighting her ability to bring a new dimension to the team's financial leadership. Travelzoo connects 30 million members with exclusive travel and lifestyle offers.
On March 17, 2021, Travelzoo (NASDAQ: TZOO) corrected its financial results for Q4 2020. Consolidated revenue fell 51% year-over-year to $12.5 million, with a net income of $702,000 and EPS of $0.02. North America revenue decreased 45% to $8.9 million, while Europe saw a 71% decline to $2.7 million. Cash flow from operations was $9.2 million. A positive note includes the addition of over 2 million members in March 2021. Analysts expect a trend of revenue recovery with reduced operating expenses for Q1 2021.
Travelzoo (NASDAQ: TZOO) reported Q4 2020 consolidated revenue of $12.5 million, a 51% decline from $25.3 million year-over-year. Net income was $702,000 with an EPS of $0.02, down from $0.15 in the previous year. The North America segment revenue fell 45% to $8.9 million, while Europe saw a 71% plunge to $2.7 million. Travelzoo's cash position stood at $64.2 million. The company anticipates a recovery trend amidst lower operating expenses and added over 2 million new members in March 2021.
Travelzoo (NASDAQ: TZOO) announced a conference call to discuss its fourth-quarter financial results for 2020, set for March 17, 2021, at 11:00 AM ET. The company will release its results before the market opens on the same day. Investors can access a live webcast of the call via Travelzoo's investor relations page, where the archived version will be available within 24 hours. Travelzoo continues to provide its 30 million members with exclusive travel, entertainment, and lifestyle deals, partnering with over 5,000 travel suppliers globally.
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