Travelzoo Reports Fourth Quarter 2024 Results

Financial Performance - Travelzoo reported consolidated revenue of $20.7 million for Q4 2024, a decrease of 2% year-over-year [1] - Net income attributable to Travelzoo was$ 3.2 million, or $0.26 per share, compared to$ 0.27 in the prior-year period [2] - Non-GAAP operating profit was $5.3 million, excluding amortization of intangibles and stock option expenses [3] Business Segments - North America segment revenue increased by 1% year-over-year to$ 13.9 million, with an operating profit of $4.6 million, representing 33% of revenue [5] - Europe segment revenue decreased by 13% year-over-year to$ 5.4 million, with an operating profit of $159,000, or 3% of revenue [6] - Jack's Flight Club, in which Travelzoo holds a 60% interest, saw revenue increase by 19% year-over-year to$ 1.3 million [7] Cash Position and Operations - As of December 31, 2024, consolidated cash and cash equivalents were $17.7 million, with net cash provided by operations at$ 7.7 million [4] - A provision of $1.5 million for income taxes was recorded for Q4 2024, compared to$ 1.6 million in the prior-year period [12] Future Outlook - For Q1 2025, Travelzoo expects revenue to increase at a higher pace, with membership fee revenue contributing to incremental growth [14] - The company anticipates substantially higher revenue growth for the whole year, driven by recurring membership fee revenue [15] Membership and Reach - Travelzoo reaches 30 million travelers, including members of Jack's Flight Club [10] - In 2024, Travelzoo introduced a membership fee, with Legacy Members exempt during the year, representing over 95% of Travelzoo's reach [16]