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) delivers curated travel experiences and digital commerce solutions through its global network of travel partners. This news hub provides investors and industry observers with essential updates about the company's strategic initiatives, financial performance, and market position.
Access real-time announcements including quarterly earnings, partnership developments, and operational updates across Travelzoo's core segments: North American operations, European markets, Jack's Flight Club subscriptions, and Asia-Pacific licensing agreements. Each release is verified for accuracy and relevance to stakeholder interests.
The curated collection features updates on digital innovation in travel commerce, exclusive deal launches, and leadership decisions impacting the company's global footprint. Regular updates ensure comprehensive tracking of TZOO's unique position at the intersection of media publishing and travel technology.
Bookmark this page for streamlined access to official communications and third-party analyses. Combine our news feed with Travelzoo's SEC filings and investor relations materials for complete due diligence capabilities in the dynamic travel commerce sector.
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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