Travelzoo Shares Shoot Higher On Q2 Earnings Beat, Stronger Q3 Expectations

  • Travelzoo TZOO reported second-quarter FY21 revenue growth of 172% year-on-year to $19.1 million, surpassing the analyst consensus of $16.38 million.
  • The revenue consists of advertising revenues and commissions derived from and generated in connection with Travelzoo members' purchases.
  • North America business segment revenue increased 233% Y/Y to $14.0 million with a 25% operating margin.
  • Europe business segment revenue rose 128% Y/Y to $4.2 million.
  • Jack's Flight Club revenue declined 9% Y/Y to $0.86 million.
  • EPS was $0.22, beating the analyst consensus of $0.06.
  • The non-GAAP operating margin was 25.5%.
  • The company generated $12.8 million in operating cash flow and held $82.1 million in cash and equivalents.
  • Outlook: It expects to report higher revenue and profitability for Q3.
  • Price action: TZOO shares traded higher by 14.50% at $13.95 in the market session on the last check Wednesday.

Posted In: BriefsEarningsNewsTechMedia

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