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 Q2 2022 revenue of $17.7 million, down 7% year-over-year, with an operating profit of $2.6 million. EPS was $0.08, a decrease from $0.22 in Q2 2021. Despite a decline in North America revenue (-11%), European revenue increased by 3%. As of June 30, 2022, cash reserves totaled $26.7 million, with a forecast of higher revenue and profitability for Q3 2022. The company has 30.7 million members globally and anticipates growth in licensing revenue.
Travelzoo (NASDAQ: TZOO) will hold a conference call on July 27, 2022, at 11:00 AM ET to discuss its Q2 2022 financial results. The results will be released before the market opens on the same day. Interested parties can access a live webcast of the call via this link, which will also archive the session within 24 hours. Travelzoo serves 30 million members with exclusive offers from over 5,000 travel suppliers, focusing on outstanding travel and entertainment experiences.
Travelzoo (NASDAQ: TZOO) has announced a share buyback program, authorizing the repurchase of up to 1,000,000 shares of its common stock. This initiative will utilize available cash and will be executed in the open market, depending on Travelzoo's cash reserves and market conditions. The decision reflects the company's commitment to enhancing shareholder value and confidence in its long-term growth potential.
Travelzoo (NASDAQ: TZOO) announced the appointment of Justin Soffer as Global Director, Member Acquisition, effective June 3, 2022. Soffer, a specialist in growth marketing, will focus on enhancing member acquisition strategies for Travelzoo, particularly for the new Travelzoo META. He holds an Executive MBA from Columbia Business School and has extensive experience in digital marketing, including previous roles at Conduit Media and FoundersCard. As part of his incentive, Soffer was granted an option to purchase 100,000 shares at $6.78, contingent on achieving specific growth targets.
Travelzoo (NASDAQ: TZOO) announced significant financial results for Q1 2022, reporting consolidated revenue of $18.5 million, up 29% year-over-year from $14.3 million. The company achieved a non-GAAP operating profit of $2.7 million and earnings per share of $0.19. The North America segment saw a 19% revenue increase to $11.7 million, while Europe grew by 66% to $5.9 million. As of March 31, 2022, Travelzoo had 30.7 million members globally. Despite positive signs, cash usage in operations was $6.8 million due to decreased merchant payables.
Travelzoo (NASDAQ: TZOO) reported Q1 2022 consolidated revenue of $18.5 million, a 29% increase year-over-year, with an operating profit of $2.7 million. EPS was $0.19 compared to ($0.14) in the prior period, signaling a turnaround. North America revenue grew 19% to $11.7 million, while Europe saw a 66% rise to $5.9 million. The company ended the quarter with $36.7 million in cash. Looking ahead, Travelzoo anticipates higher profitability for Q2 2022 amidst a recovery trend.
Travelzoo (NASDAQ: TZOO) will host a conference call on April 26, 2022, at 11:00 AM ET to discuss its Q1 2022 financial results. A press release detailing these results will be issued before the market opens on the same day. The earnings call will be accessible via a live webcast, which will be archived for later access. Travelzoo caters to 30 million members, offering exclusive travel and lifestyle deals in partnership with over 5,000 suppliers, ensuring curated and reviewed experiences.
Travelzoo (NASDAQ: TZOO) has appointed Rhea Saran as its new Global Head of Brand and Content, based in London. Saran brings extensive experience in the travel and luxury lifestyle sectors, previously serving at Diriyah Gate Development Authority and as Founding Editor-in-Chief for Condé Nast Traveller Middle East. CEO Holger Bartel expressed excitement for Saran's role, emphasizing its importance for growth and value enhancement for members. Saran aims to evolve Travelzoo's brand for a stronger future.
Travelzoo (NASDAQ: TZOO) has announced the formation of its Metaverse division and the upcoming launch of Travelzoo META, a subscription-based service set to debut in April. This new offering will provide members access to exclusive Metaverse travel experiences, developed in collaboration with various creators. Travelzoo, which serves 30 million members, plans to fund this initiative through membership fees. The company's CEO, Holger Bartel, highlighted the potential of the Metaverse as a disruptive opportunity for innovative businesses. An investor conference call is scheduled for late April to discuss updates.
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