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 publishes news about its role as a club for travel enthusiasts and a publisher of negotiated travel and entertainment offers. Recurring updates announce Club Offers for members in markets such as the U.S., Canada, the U.K., and Germany, with offers sourced through relationships with travel companies and reviewed by deal experts.
Company news also covers earnings releases, conference calls, and segment activity across Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives, including licensing activities and Travelzoo META. Reported revenue themes include advertising fees, commissions connected to member purchases, and membership fees.
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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.
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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.