US Market News
2月前
Travelzoo Reports First Quarter 2026 ResultsApril 23, 2026 6:39 AM
PR Newswire (US)
NEW YORK, April 23, 2026 /PRNewswire/ -- Travelzoo® (NASDAQ: TZOO):
Revenue of $24.3 million, up 5% year-over-yearConsolidated operating profit of $3.4 millionNon-GAAP consolidated operating profit of $3.5 millionCash flow from operations of $3.9 millionEarnings per share (EPS) of $0.23Travelzoo, the club for travel enthusiasts, today announced financial results for the first quarter ended March 31, 2026. Consolidated revenue was $24.3 million, up 5% from $23.1 million year-over-year. In constant currencies, revenue was $23.6 million, up 2% year-over-year. Travelzoo's reported revenue consists of advertising revenues and commissions, derived from and generated in connection with purchases made by Travelzoo members, and membership fees.In Q1, we continued to invest significantly in acquiring more Club Members when we saw that we can achieve a positive return on investment (ROI). Marketing costs were expensed immediately. Membership fees revenue is recognized ratably over the subscription period of 12 months. In Q1, the number of renewals of memberships jumped to the highest ever. Because renewals of memberships have no acquisition costs, this had a positive impact on EPS. Going forward, we expect renewals of memberships to further increase because of a growing base of members. We refer to our investor presentation.Net Income attributable to Travelzoo was $2.5 million for Q1 2026, or $0.23 per share, compared with $0.26 per share in the prior-year period.Non-GAAP operating profit was $3.5 million. Non-GAAP operating profit excludes stock option expenses ($35,000) and severance expenses ($15,000). Please refer to "Non-GAAP Financial Measures" and the tabular reconciliation below."We will continue to leverage Travelzoo's global reach, trusted brand, and strong relationships with top travel suppliers to negotiate more Club Offers for Club Members and add new benefits, such as our popular complimentary airport lounge access worldwide in case of a delayed flight," said Holger Bartel, Travelzoo's Global CEO. "Travelzoo members are affluent, active, and open to new experiences. We inspire travel enthusiasts to travel to places they never imagined they could. Travelzoo is the must-have membership for those who love to travel as much as we do."Travelzoo North America
North America business segment revenue increased 4% year-over-year to $15.7 million. Operating profit for Q1 2026 was $3.2 million, or 21% of revenue, compared to operating profit of $3.6 million or 24% of revenue in the prior-year period.Travelzoo Europe
Europe business segment revenue increased 8% year-over-year to $7.3 million. Operating profit for Q1 2026 was $279,000, or 4% of revenue, compared to operating profit of $228,000, or 3% of revenue in the prior-year period.Jack's Flight Club
Jack's Flight Club is a membership subscription service in which Travelzoo has a 60% ownership interest. Revenue increased 2% year-over-year to $1.3 million. Jack's Flight Club's revenue from subscriptions is recognized ratably over the subscription period (quarterly, semi-annually, annually). Operating loss for Q1 2026 was $48,000, compared to operating profit of $12,000 in the prior-year period.New Initiatives
New Initiatives business segment revenue, which includes Licensing and Travelzoo META, was $17,000. Operating loss for Q1 2026 was $34,000.In 2020, Travelzoo entered into royalty-bearing licensing agreements with local licensees for the exclusive use of Travelzoo's brand, business model, and members in Australia, Japan, New Zealand, and Singapore. Under these arrangements, Travelzoo's existing members in Australia, Japan, New Zealand, and Singapore will continue to be owned by Travelzoo as the licensor. Licensing revenue from the licensee in Australia was $10,000 for Q1 2026. Licensing revenue from the licensee in Japan was $7,000 for Q1 2026. Licensing revenue is expected to increase going forward.Reach
Travelzoo reaches 30 million travelers. This includes Jack's Flight Club. Comparisons to prior periods are no longer meaningful due to strategic developments of the Travelzoo membership.Income Taxes
The reported income tax provision and reserves for Q1 2026 are $942,000. Travelzoo intends to utilize available net operating losses (NOLs) to largely offset its tax liability for Q1 2026.Balance Sheet
As of March 31, 2026, cash, cash equivalents and restricted cash were $11.3 million. Cash flow from operations was $3.9 million.Deferred revenue increased because membership fees are earned over the subscription period. Membership fees revenue is recognized ratably over the subscription period.Share Repurchase Program
During Q1 2026, the Company repurchased 500,000 shares of its outstanding common stock.Looking Ahead
For Q2 2026, we expect year-over-year revenue growth to continue. We also expect revenue growth in subsequent quarters, as membership fees revenue is recognized ratably over the subscription period of 12 months, as we acquire new members, and as more Legacy Members become Club Members. Over time, we expect profitability to increase as recurring membership fees revenue will be recognized. In the short-term, fluctuations in reported net income are possible. We might see attractive opportunities to increase marketing. We expense marketing costs immediately.In 2024, we introduced a membership fee for Travelzoo. Legacy Members, who joined prior to 2024, continue to receive certain travel offers. However, Club Offers and new benefits are only available to Club Members, who pay the membership fee. Therefore, we are seeing many Legacy Members become Club Members over time—in addition to new members who join.Non-GAAP Financial Measures
Management calculates non-GAAP operating income when evaluating the financial performance of the business. Calculation of non-GAAP operating income, also called "non-GAAP operating profit" in this press release and today's earnings conference call, excludes the following items: amortization of intangibles, stock option expenses, and severance-related expenses. This press release includes a table which reconciles GAAP operating income to the calculation of non-GAAP operating income. Non-GAAP operating income is not required by, or presented in accordance with, generally accepted accounting principles in the United States of America ("GAAP"). This information should be considered as supplemental in nature and should not be considered in isolation or as a substitute for the financial information prepared in accordance with GAAP. In addition, these non-GAAP financial measures may not be the same as similarly titled measures reported by other companies.Conference Call
Travelzoo will host a conference call to discuss first quarter 2026 results today at 11:00 a.m. ET. Please visit http://ir.travelzoo.com/events-presentations todownload the management presentation (PDF format) to be discussed in the conference callaccess the webcast.About Travelzoo
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travelers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words "expect", "predict", "project", "anticipate", "believe", "estimate", "intend", "plan", "seek" and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.Investor Relations:
ir@travelzoo.com Travelzoo
Condensed Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)
Three months ended
March 31,
2026
2025Revenues$ 24,273
$ 23,140Cost of revenues5,236
4,172Gross profit19,037
18,968Operating expenses:
Sales and marketing11,116
10,225Product development 664
634General and administrative3,812
4,305Total operating expenses15,592
15,164Operating income 3,445
3,804Other income (loss), net(5)
629Income from operations before income taxes3,440
4,433Income tax expense 942
1,173Net income 2,498
3,260Net income attributable to non-controlling interest20
93Net income attributable to Travelzoo$ 2,478
$ 3,167
Net income per share—basic$ 0.23
$ 0.27
Net income per share—diluted$ 0.23
$ 0.26
Shares used in per share calculation—basic10,837
11,670Shares used in per share calculation—diluted10,837
12,249 Travelzoo
Condensed Consolidated Balance Sheets
(Unaudited)
(In thousands)
March 31,
2026
December 31,
2025Assets
Current assets:
Cash and cash equivalents$ 10,571
$ 10,007Accounts receivable, net13,592
10,723Prepaid income taxes 1,527
1,364Prepaid expenses and other2,797
1,302Total current assets28,487
23,396Deposits and other206
166Deferred tax assets4,120
4,202Restricted cash754
756Operating lease right-of-use assets4,793
4,047Property and equipment, net181
231Intangible assets, net1,450
1,450Goodwill10,944
10,944Total assets$ 50,935
$ 45,192Liabilities and Equity
Current liabilities:
Accounts payable$ 8,327
$ 7,761Merchant payables13,453
11,665Accrued expenses and other 4,572
3,926Deferred revenue10,657
8,728Income tax payable142
279Operating lease liabilities2,116
1,811Total current liabilities39,267
34,170Long-term tax liability10,316
9,260Long-term operating lease liabilities4,507
4,184Total liabilities54,090
47,614Common stock104
109Tax indemnification(9,537)
(9,537)Retained earnings 6,461
7,243Accumulated other comprehensive loss(5,297)
(5,331)Total Travelzoo stockholders' equity (deficit)(8,269)
(7,516)Non-controlling interest5,114
5,094Total stockholders' equity (deficit)(3,155)
(2,422)Total liabilities and stockholders' equity$ 50,935
$ 45,192 Travelzoo
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(In thousands)
Three months ended
March 31,
2026
2025Cash flows from operating activities:
Net income $ 2,498
$ 3,260Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization56
76Stock-based compensation35
369Deferred income tax(25)
4Net foreign currency effects77
(106)Provision of loss (net recoveries) on accounts receivable and refund reserve11
206Changes in operating assets and liabilities:
Accounts receivable(2,873)
434Prepaid income taxes(267)
(63)Prepaid expenses, deposits and other (1,531)
(418)Accounts payable565
(144)Merchant payables1,909
(1,651)Accrued expenses and other554
867Deferred revenue1,983
1,241Income tax payable(50)
(949)Other liabilities909
158Net cash provided by operating activities3,851
3,284Cash flows from investing activities:
Purchases of property and equipment(8)
(21)Net cash used in investing activities(8)
(21)Cash flows from financing activities:
Repurchase of common stock(3,267)
(8,918)Net cash used in financing activities(3,267)
(8,918)Effect of exchange rate on cash, cash equivalents and restricted cash(14)
142Net increase (decrease) in cash, cash equivalents and restricted cash562
(5,513)Cash, cash equivalents and restricted cash at beginning of period10,763
17,740Cash, cash equivalents and restricted cash at end of period$ 11,325
$ 12,227 Travelzoo
Segment Information from Continuing Operations
(Unaudited)
(In thousands)
Three months ended March 31, 2026Travelzoo
NorthAmerica
Travelzoo
Europe
Jack's
Flight Club
New
Initiatives
ConsolidatedRevenues from unaffiliated customers$ 15,326
$ 7,585
$ 1,345
$ 17
$ 24,273Intersegment revenues341
(308)
(33)
—
—Total net revenues15,667
7,277
1,312
17
24,273Sales and marketing expenses6,003
4,521
592
—
11,116Other expenses 6,416
2,477
768
51
9,712Operating profit (loss)3,248
279
(48)
(34)
3,445Other income (loss), net
(5)Income from operations before income taxes
3,440
Three months ended March 31, 2025Travelzoo
NorthAmerica
Travelzoo
Europe
Jack's
Flight Club
New
Initiatives
ConsolidatedRevenues from unaffiliated customers$ 14,830
$ 6,970
$ 1,323
$ 17
$ 23,140Intersegment revenues298
(258)
(40)
—
—Total net revenues15,128
6,712
1,283
17
23,140Sales and marketing expenses5,700
3,902
623
—
10,225Other expenses5,834
2,582
648
47
9,111Operating profit (loss)3,594
228
12
(30)
3,804Other income, net
629Income from operations before income taxes
4,433 Travelzoo
Reconciliation of GAAP to Non-GAAP Information
(Unaudited)
(In thousands, except per share amounts)
Three months ended
March 31,
2026
2025GAAP operating expense$ 15,592
$ 15,164Non-GAAP adjustments:
Amortization of intangibles (A)—
26Stock option expenses (B)35
369Severance-related expenses (C)15
222Non-GAAP operating expense15,542
14,547
GAAP operating income 3,445
3,804Non-GAAP adjustments (A through C)50
617Non-GAAP operating income 3,495
4,421
View original content to download multimedia:https://www.prnewswire.com/news-releases/travelzoo-reports-first-quarter-2026-results-302751637.htmlSOURCE Travelzoo
Original: Travelzoo Reports First Quarter 2026 Results
US Market News
4月前
Travelzoo Reports Fourth Quarter 2025 ResultsFebruary 19, 2026 8:17 AM
PR Newswire (US)
NEW YORK, Feb. 19, 2026 /PRNewswire/ -- Travelzoo® (NASDAQ: TZOO):
Revenue of $22.5 million, up 9% year-over-yearConsolidated operating profit of $0.6 millionNon-GAAP consolidated operating profit of $0.9 millionCash flow from operations of $1.5 millionEarnings per share (EPS) of $0.00Travelzoo, the club for travel enthusiasts, today announced financial results for the fourth quarter ended December 31, 2025. Consolidated revenue was $22.5 million, up 9% from $20.7 million year-over-year. In constant currencies, revenue was $22.1 million, up 7% year-over-year. Travelzoo's reported revenue consists of advertising revenues and commissions, derived from and generated in connection with purchases made by Travelzoo members, and membership fees.In Q4, we continued to invest significantly in acquiring more Club Members when we saw that we can achieve a positive return on investment (ROI). Marketing costs were expensed immediately. Membership fees revenue is recognized ratably over the subscription period of 12 months. The effect is a sizable reduction in EPS. We refer to our investor presentation.Net loss attributable to Travelzoo was $19,000 for Q4 2025, or $0.00 per share, compared with $0.26 per share in the prior-year period.Non-GAAP operating profit was $0.9 million. Non-GAAP operating profit excludes amortization of intangibles ($2,000) and stock option expenses ($339,000). Please refer to "Non-GAAP Financial Measures" and the tabular reconciliation below."We will continue to leverage Travelzoo's global reach, trusted brand, and strong relationships with top travel suppliers to negotiate more Club Offers for Club Members and add new benefits, such as our popular complimentary airport lounge access worldwide in case of a delayed flight," said Holger Bartel, Travelzoo's Global CEO. "Travelzoo members are affluent, active, and open to new experiences. We inspire travel enthusiasts to travel to places they never imagined they could. Travelzoo is the must-have membership for those who love to travel as much as we do."Travelzoo North America
North America business segment revenue increased 6% year-over-year to $14.8 million. Operating profit for Q4 2025 was $1.5 million, or 10% of revenue, compared to operating profit of $4.6 million or 33% of revenue in the prior-year period.Travelzoo Europe
Europe business segment revenue increased 16% year-over-year to $6.3 million. Operating loss for Q4 2025 was $1 million, or 16% of revenue, compared to operating profit of $159,000, or 3% of revenue in the prior-year period. The reported operating loss occurred because we acquired more Club Members.Jack's Flight Club
Jack's Flight Club is a membership subscription service in which Travelzoo has a 60% ownership interest. Revenue increased 2% year-over-year to $1.3 million. The number of premium subscribers remained flat year-over-year. Jack's Flight Club's revenue from subscriptions is recognized ratably over the subscription period (quarterly, semi-annually, annually). Operating profit for Q4 2025 was $153,000, compared to operating profit of $150,000 in the prior-year period.New Initiatives
New Initiatives business segment revenue, which includes Licensing and Travelzoo META, was $16,000. Operating loss for Q4 2025 was $34,000.In 2020, Travelzoo entered into royalty-bearing licensing agreements with local licensees for the exclusive use of Travelzoo's brand, business model, and members in Australia, Japan, New Zealand, and Singapore. Under these arrangements, Travelzoo's existing members in Australia, Japan, New Zealand, and Singapore will continue to be owned by Travelzoo as the licensor. Licensing revenue from the licensee in Australia was $8,000 for Q4 2025. Licensing revenue from the licensee in Japan was $7,000 for Q4 2025. Licensing revenue is expected to increase going forward.Reach
Travelzoo reaches 30 million travelers. This includes Jack's Flight Club. Comparisons to prior periods are no longer meaningful due to strategic developments of the Travelzoo membership.Income Taxes
The reported income tax provision and reserves for Q4 2025 are $521,000. Travelzoo intends to utilize available net operating losses (NOLs) to largely offset its tax liability for Q4 2025.Balance Sheet
As of December 31, 2025, cash, cash equivalents and restricted cash were $10.8 million. Cash flow from operations was $1.5 million.Deferred revenue increased because membership fees are earned over the subscription period. Membership fees revenue is recognized ratably over the subscription period.Share Repurchase Program
During Q4 2025, the Company didn't repurchase shares of its outstanding common stock.Looking Ahead
For Q1 2026, we expect year-over-year revenue growth to continue. We expect continued revenue growth in subsequent quarters, as membership fees revenue is recognized ratably over the subscription period of 12 months, as we acquire new members, and as more Legacy Members become Club Members. Over time, we expect profitability to increase as recurring membership fees revenue will be recognized. In the short-term, fluctuations in reported net income are possible. We might see attractive opportunities to increase marketing. We expense marketing costs immediately.In 2024, we introduced a membership fee for Travelzoo. Legacy Members, who joined prior to 2024, continue to receive certain travel offers. However, Club Offers and new benefits are only available to Club Members, who pay the membership fee. Therefore, we are seeing many Legacy Members become Club Members over time—in addition to new members who join.Non-GAAP Financial Measures
Management calculates non-GAAP operating income when evaluating the financial performance of the business. Calculation of non-GAAP operating income, also called "non-GAAP operating profit" in this press release and today's earnings conference call, excludes the following items: amortization of intangibles, stock option expenses, and severance-related expenses. This press release includes a table which reconciles GAAP operating income to the calculation of non-GAAP operating income. Non-GAAP operating income is not required by, or presented in accordance with, generally accepted accounting principles in the United States of America ("GAAP"). This information should be considered as supplemental in nature and should not be considered in isolation or as a substitute for the financial information prepared in accordance with GAAP. In addition, these non-GAAP financial measures may not be the same as similarly titled measures reported by other companies.Conference Call
Travelzoo will host a conference call to discuss fourth quarter 2025 results today at 11:00 a.m. ET. Please visit http://ir.travelzoo.com/events-presentations todownload the management presentation (PDF format) to be discussed in the conference callaccess the webcast.About Travelzoo
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travelers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words "expect", "predict", "project", "anticipate", "believe", "estimate", "intend", "plan", "seek" and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. TravelzooCondensed Consolidated Statements of Operations(Unaudited)(In thousands, except per share amounts)
Three months ended
Twelve months ended
December 31,
December 31,
2025
2024
2025
2024Revenues$ 22,474
$ 20,678
$ 91,719
$ 83,902Cost of revenues4,944
2,761
18,076
10,469Gross profit17,530
17,917
73,643
73,433Operating expenses:
Sales and marketing10,889
8,239
45,267
34,470Product development 588
644
2,551
2,407General and administrative5,499
4,183
18,919
18,058Total operating expenses16,976
13,066
66,737
54,935Operating income 554
4,851
6,906
18,498Other income (loss), net27
(86)
753
588Income from operations before income taxes581
4,765
7,659
19,086Income tax expense 521
1,484
2,679
5,404Net income 60
3,281
4,980
13,682Net income attributable to non-controlling interest79
64
280
118Net income (loss) attributable to Travelzoo$ (19)
$ 3,217
$ 4,700
$ 13,564
Net income per share—basic$ —
$ 0.27
$ 0.42
$ 1.08
Net income per share—diluted$ —
$ 0.26
$ 0.41
$ 1.06
Shares used in per share calculation—basic10,932
11,831
11,180
12,594Shares used in per share calculation—diluted10,959
12,358
11,477
12,852 TravelzooCondensed Consolidated Balance Sheets(Unaudited)(In thousands)
December 31,
2025
December 31,
2024Assets
Current assets:
Cash and cash equivalents$ 10,007
$ 17,064Accounts receivable, net10,723
12,825Prepaid income taxes 1,278
736Prepaid expenses and other1,302
1,148Total current assets23,310
31,773Deposits and other166
374Deferred tax assets4,202
3,380Restricted cash756
675Operating lease right-of-use assets4,047
5,655Property and equipment, net231
423Intangible assets, net1,452
1,498Goodwill10,944
10,944Total assets$ 45,108
$ 54,722Liabilities and Equity
Current liabilities:
Accounts payable$ 7,761
$ 6,162Merchant payables11,665
16,294Accrued expenses and other 3,926
3,404Deferred revenue8,728
6,545Income tax payable193
1,619Operating lease liabilities1,811
2,472Total current liabilities34,084
36,496Long-term tax liability9,260
7,851Long-term operating lease liabilities4,184
5,646Other long-term liabilities—
376Total liabilities47,528
50,369Common stock109
118Tax indemnification(9,537)
(9,537)Retained earnings 7,244
14,284Accumulated other comprehensive loss(5,331)
(5,327)Total Travelzoo stockholders' equity (deficit)(7,515)
(462)Non-controlling interest5,095
4,815Total stockholders' equity (deficit)(2,420)
4,353Total liabilities and stockholders' equity$ 45,108
$ 54,722 TravelzooCondensed Consolidated Statements of Cash Flows(Unaudited)(In thousands)
Three months ended
Twelve months ended
December 31,
December 31,
2025
2024
2025
2024Cash flows from operating activities:
Net income $ 60
$ 3,281
$ 4,980
$ 13,682Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization64
170
303
907Stock-based compensation339
405
1,447
1,646Deferred income tax(520)
(476)
(516)
(518)Net foreign currency effects7
132
(216)
(33)Provision of loss (net recoveries) on accounts receivable and refund reserve152
(81)
182
40Changes in operating assets and liabilities:
Accounts receivable1,619
113
2,374
(145)Prepaid income taxes(615)
354
(531)
(107)Prepaid expenses, deposits and other 883
319
181
950Accounts payable(661)
1,286
1,473
1,716Merchant payables(131)
(709)
(5,184)
(4,057)Accrued expenses and other(647)
(661)
214
(282)Deferred revenue(348)
2,767
2,015
4,556Income tax payable1,077
264
(1,507)
857Other liabilities173
507
446
1,888Net cash provided by operating activities1,452
7,671
5,661
21,100Cash flows from investing activities:
Purchases of property and equipment(16)
(48)
(65)
(177)Net cash used in investing activities(16)
(48)
(65)
(177)Cash flows from financing activities:
Repurchase of common stock—
(2,324)
(12,964)
(18,929)Proceeds from note receivable from shareholder—
1,920
—
1,753Exercise of stock options and taxes paid for net share settlement of equity awards—
(1,195)
(104)
(1,797)Net cash used in financing activities—
(1,599)
(13,068)
(18,973)Effect of exchange rate on cash, cash equivalents and restricted cash80
(390)
495
(599)Net increase (decrease) in cash, cash equivalents and restricted cash1,516
5,634
(6,977)
1,351Cash, cash equivalents and restricted cash at beginning of period9,247
12,106
17,740
16,389Cash, cash equivalents and restricted cash at end of period$ 10,763
$ 17,740
$ 10,763
$ 17,740 TravelzooSegment Information from Continuing Operations(Unaudited)(In thousands)
Three months ended December 31, 2025Travelzoo NorthAmerica
Travelzoo
Europe
Jack's
Flight Club
New
Initiatives
ConsolidatedRevenues from unaffiliated customers$ 14,705
$ 6,377
$ 1,376
$ 16
$ 22,474Intersegment revenues95
(62)
(33)
—
—Total net revenues14,800
6,315
1,343
16
22,474Sales and marketing expenses6,101
4,295
493
—
10,889Other expenses 7,244
3,040
697
50
11,031Operating profit (loss)1,455
(1,020)
153
(34)
554Other income (loss), net
27Income from operations before income taxes
581
Three months ended December 31, 2024Travelzoo NorthAmerica
Travelzoo
Europe
Jack's
Flight Club
New
Initiatives
ConsolidatedRevenues from unaffiliated customers$ 13,834
$ 5,508
$ 1,317
$ 19
$ 20,678Intersegment revenues74
(68)
(6)
—
—Total net revenues13,908
5,440
1,311
19
20,678Sales and marketing expenses4,641
3,110
488
—
8,239Other expenses4,689
2,171
673
55
7,588Operating profit (loss)4,578
159
150
(36)
4,851Other income, net
(86)Income from operations before income taxes
4,765
Twelve months ended December 31, 2025Travelzoo NorthAmerica
Travelzoo
Europe
Jack's
Flight Club
New
Initiatives
ConsolidatedRevenues from unaffiliated customers$ 59,001
$ 27,122
$ 5,516
$ 80
$ 91,719Intersegment revenues1,291
(1,146)
(145)
—
—Total net revenues60,292
25,976
5,371
80
91,719Sales and marketing expenses25,501
17,396
2,370
—
45,267Other expenses25,796
10,895
2,660
195
39,546Operating profit (loss)8,995
(2,315)
341
(115)
6,906Other income, net
753Income from operations before income taxes
7,659
Twelve months ended December 31, 2024Travelzoo NorthAmerica
Travelzoo
Europe
Jack's
Flight Club
New
Initiatives
ConsolidatedRevenues from unaffiliated customers$ 54,968
$ 24,113
$ 4,714
$ 107
$ 83,902Intersegment revenues124
(42)
(82)
—
—Total net revenues55,092
24,071
4,632
107
83,902Sales and marketing expenses19,748
12,561
1,881
280
34,470Other expenses19,461
8,429
2,707
337
30,934Operating profit (loss)15,883
3,081
44
(510)
18,498Other income, net
588Income from operations before income taxes
19,086 TravelzooReconciliation of GAAP to Non-GAAP Information(Unaudited)(In thousands, except per share amounts)
Three months ended
Twelve months ended
December 31,
December 31,
2025
2024
2025
2024GAAP operating expense$ 16,976
$ 13,066
$ 66,737
$ 54,935Non-GAAP adjustments:
Amortization of intangibles (A)2
93
48
593Stock option expenses (B)339
405
1,447
1,644Severance-related expenses (C)—
—
395
360Non-GAAP operating expense16,635
12,568
64,847
52,338
GAAP operating income 554
4,851
6,906
18,498Non-GAAP adjustments (A through C)341
498
1,890
2,597Non-GAAP operating income 895
5,349
8,796
21,095Investor Relations:
ir@travelzoo.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/travelzoo-reports-fourth-quarter-2025-results-302692630.htmlSOURCE Travelzoo
Original: Travelzoo Reports Fourth Quarter 2025 Results
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