TRAVELZOO Stock Price, News & Analysis

Jack's Flight Club, owned by Travelzoo (NASDAQ: TZOO), has seen a remarkable 25% rise in global premium memberships since August 2021, with U.S. membership soaring by 413%. As of August 2022, it boasts over 1.8 million members globally. The service, which helps travelers find the best airfare deals, has saved members more than $100 million, averaging $515 in savings per long-haul trip. Amid rising airfare prices, Jack's Flight Club's value proposition continues to grow.

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.

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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.