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 Q3 2020 consolidated revenue of $13.8 million, a 42% decline from $23.8 million year-over-year, despite a 97% increase from Q2 2020. The net loss was $1.2 million, with an EPS of ($0.10). Non-GAAP operating profit stood at $1.2 million. Cash position improved to $51.7 million. North America experienced a 40% revenue decrease, while Europe faced a 57% decline. The acquisition of Jack's Flight Club contributed $1.1 million in revenue. The company anticipates a close to break-even result for Q4.
Travelzoo (NASDAQ: TZOO) will host a conference call on October 21, 2020, at 11:00 AM ET to discuss its financial results for Q3 2020, ending September 30. A press release will be issued prior to the market opening on the same day. The conference call can be accessed via a live webcast at http://ir.travelzoo.com/events-presentations, which will be archived 24 hours post-call.
Travelzoo® (NASDAQ: TZOO) has been awarded the title of "Best Travel Deals Website" at the 2020 Silver Travel Awards, based on votes from 225,000 UK consumers. This represents a 60% increase in voter participation compared to the previous year. The award highlights Travelzoo's strong appeal among the lucrative 50+ age demographic, known for their higher disposable income and travel spending. In response to growing demand for flexible travel options, Travelzoo has seen a resurgence of compelling offers, further enhancing its attractiveness to consumers.
Travelzoo (NASDAQ: TZOO) has achieved the highest ranking for consumer satisfaction in Germany for the second consecutive year, as recognized by Focus Money. In a survey with over 48,000 participants, Travelzoo received the "BESTNOTE" in the travel deals category, surpassing 322 online platforms across various industries. This recognition reflects the company's dedication to curating appealing travel deals. General Manager Christian Smart expressed pride in the award, highlighting the team's commitment to enhancing customer experiences.
Travelzoo (NASDAQ: TZOO) reported a significant revenue drop of 73% for Q2 2020, totaling $7.0 million, down from $26.6 million year-over-year. The company faced a non-GAAP operating loss of $2.5 million, with a GAAP operating loss of $6.6 million. Earnings per share were ($0.48), reflecting a decline from the previous year's ($0.25). Despite challenges, CEO Holger Bartel expressed optimism for a revenue recovery in Q3 due to increased travel deals. As of June 30, 2020, Travelzoo's cash reserves stood at $27.0 million, bolstered by government loans totaling $3.6 million.
Travelzoo (NASDAQ: TZOO) will host a conference call on July 30, 2020, at 11:00 AM ET to discuss its financial results for Q2 2020, which ended June 30, 2020. The company will issue a press release detailing these results before the market opens that day. Investors can access the live webcast of the earnings call on Travelzoo's investor relations website and it will be archived within 24 hours for later viewing.
Travelzoo (NASDAQ: TZOO) reported Q1 2020 revenue of $20.3 million, down from $29.2 million year-over-year, with an operating loss of $3.7 million. Earnings per share (EPS) fell to ($0.32), compared to $0.41 in the prior year. The losses were primarily due to a $2.9 million impairment charge related to COVID-19 and a $1.0 million increase in bad debt provision. Despite these challenges, the cash position is expected to increase significantly, with a forecasted range of $24 million to $25 million by June 30, 2020.
Travelzoo (NASDAQ: TZOO) is scheduled to announce its Q1 2020 financial results on June 25, 2020, before market open. A conference call will follow on the same day at 11:00 AM ET to discuss these results. The call will be available for live webcast, with an archive accessible within 24 hours. Travelzoo has over 30 million members and collaborates with more than 5,000 travel suppliers to provide exclusive deals and experiences.
Travelzoo (NASDAQ: TZOO) announced that its Annual Meeting of Stockholders will take place virtually on May 29, 2020, at 10:00 a.m. (PDT) due to the COVID-19 pandemic. Stockholders who were on record as of April 1, 2020, can participate by logging in to the virtual meeting website. Voting instructions will be provided during the meeting, and stockholders are encouraged to vote in advance. Travelzoo continues to offer exclusive deals and experiences to its 30 million members, maintaining partnerships with over 5,000 travel suppliers.
FAQ
What is the current stock price of Travelzoo (TZOO)?
What is the market cap of Travelzoo (TZOO)?
What is Travelzoo's primary business?
How does Travelzoo generate revenue?
What are the segments of Travelzoo's operations?
What is the #TravelforTomorrow initiative?
When did Travelzoo introduce a membership fee?
How many members does Travelzoo have?
What financial achievements did Travelzoo report for Q4 2023?
Who are Travelzoo's primary partners?
What is Travelzoo's stock repurchase program?
What is Jack's Flight Club?
