|Over a week ago|
Travelzoo reports 26M members from North America, Europe as of March 31 » 08:4306/2506/25/20
As of March 31, 2020,…
As of March 31, 2020, Travelzoo had an unduplicated number of members of 26.0 million from North America and Europe. In Europe, the unduplicated number of members was 9.2 million as of March 31, 2020, up 3% from March 31, 2019. In North America, the unduplicated number of members was 16.9 million as of March 31, 2020, down 3% from March 31, 2019. The number of new members in Q1 2020 was 634,000, compared to 667,000 in Q1 2019. On June 16, Travelzoo disclosed that it has sold its subsidiary in Japan, Travelzoo Japan K.K., to Mr. Hajime Suzuki. In connection with the sale, Travelzoo and Travelzoo Japan K.K. entered into a licensing agreement. Under the licensing agreement, Travelzoo's existing members in Japan will continue to be owned by Travelzoo as the licensor. Jack's Flight Club had 1.7 million subscribers as of March 31, 2020, up 38% from March 31, 2019.
Travelzoo expects cash balance of $24M-$25M as of June 30 08:4306/2506/25/20
Travelzoo sees Q2 cash flow from operations $13M-$14M 08:4206/2506/25/20
Travelzoo reports Q1 EPS (32c) vs. 41c last year » 08:4106/2506/25/20
Reports Q1 revenue $20.3M…
Reports Q1 revenue $20.3M vs. $29.2M. "Going into Q2, we were able to adjust our content offering quickly and successfully. After 92% of Travelzoo members indicated in an online survey they were interested in receiving travel deals if the offers were flexible, we focused our weekly Top 20, which has for the past 20 years been the definitive list of the week's best travel deals on the Internet, on flexible and worry-free offers. Travel dates of most deals are extended to late summer, fall or even into 2021. Accelerating demand from members has created a relatively strong business for Travelzoo. In Q2, we have already generated cash flow from operations of more than $11M quarter-to-date," said Travelzoo's Global CEO, Holger Bartel.
|Over a quarter ago|
Travelzoo Chairman Ralph Bartel sells over $251K in company shares » 16:2403/2503/25/20
Travelzoo Chairman Ralph…
Travelzoo Chairman Ralph Bartel disclosed in a regulatory filing that he had sold 80,359 shares of company stock at an average price of $3.13 per share on March 23. The total transaction value of the sale was $251,524.
Travelzoo says will exit loss-making business in Asia Pacific this week » 10:3103/1003/10/20
Travelzoo announced it…
Travelzoo announced it will exit its business in Asia Pacific this week. The Asia Pacific business segment has incurred losses for several years. CEO Holger Bartel said: "In our communications to investors over the last two years, we have consistently explained we will exit Asia Pacific if we cannot create shareholder value from this business activity by 2020. Unfortunately, the uncertainty about economies in Asia Pacific does not, in our opinion, allow us currently to deliver the shareholder value within the promised timeline and without further operating losses from this segment. We do not expect this exit to have any negative impact on our continued business. We will focus on growing our very profitable businesses in North America and Europe, where we see strong interest from our members in travel deals. The Asia Pacific exit will also allow us to concentrate on the introduction of the recently acquired and profitable Jack's Flight Club subscription service to Travelzoo members. In 2019, Asia Pacific accounted for 5.7% of Travelzoo's global revenue. In the same period, Travelzoo's loss per share from Asia Pacific was (67c), offsetting most of the positive contribution of earnings per share of $1.01 from North America and Europe. As a result of the discontinuation of the Asia Pacific business segment, Travelzoo expects its EPS to increase by approximately 200% this year. We look forward to bringing investors updates on our progress."
Travelzoo sees 20c contribution to 2020 EPS from Jack's Flight Club acquisition » 08:3803/0203/02/20
On January 13, 2020,…
On January 13, 2020, Travelzoo completed the acquisition of a majority stake in Jack's Flight Club. Jack's Flight Club is a highly profitable, fast-growing and best in class subscription service that monitors flight prices and informs its members about airfare sales and cheap flights. It offers a free subscription as well as a premium service, for which members pay between $40 to $60 annually. At the time of the acquisition, the immediate contribution to Travelzoo's financial performance was an additional 5% revenue growth and an additional EPS of $0.20 for 2020. In 2019, the number of premium members of Jack's Flight Club grew 93% compared to 2018. Travelzoo's plan is to accelerate this growth by introducing Jack's Flight Club to Travelzoo members worldwide. Since January 30, more than 100,000 Travelzoo members in the UK alone signed up for Jack's Flight Club.
Travelzoo reports Q4 EPS (5c) vs. 13c last year » 08:3603/0203/02/20
Reports Q4 revenue…
Reports Q4 revenue $26.9M, one est. $29.1M. "I would like to thank all Travelzoo employees worldwide who contributed to our solid financial results throughout 2019," said Holger Bartel, Global CEO of Travelzoo. "We are excited about the prospects of our recent acquisition of Jack's Flight Club, a highly profitable, best in class subscription service, on Travelzoo's financial performance going forward. During the month of February alone, about 100,000 Travelzoo members in the UK signed up for Jack's Flight Club. We will see an immediate contribution to Q1 2020 revenue and EPS. Then, throughout 2020, we plan to introduce Jack's Flight Club to 30 million Travelzoo members."
Travelzoo application to be pre-installed in new NEC tablets in Japan » 07:5201/2301/23/20
Travelzoo has been…
Travelzoo has been selected by NEC Personal Computers as its travel deals provider in Japan. The Travelzoo application will be pre-installed on four new LAVIE Tab models to be released by NECPC. NEC, which has the highest share of Japan's consumer PC market, is planning to drive tablet shipments to similar scale as PC shipments and increase penetration of tablet products in Japan in 2020.
Travelzoo reports Q3 EPS 3c, one est. 2c » 07:2610/2310/23/19
Reports Q3 revenue…
Reports Q3 revenue $25.5M, one est. $25.8M. "Our attractive core business in North America and Europe generated an operating profit of $3.3 million, with an operating margin of 14%, of which $2.1 million was re-invested in our Asia Pacific business with a focus on China where we see, after completing a rigorous review of the market and Travelzoo's current position, a very substantial opportunity for revenue growth," said Holger Bartel, Global CEO of Travelzoo.