Travelzoo Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 07:56 am EDT
Share
Travelzoo reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 21.13 million compared to USD 17.69 million a year ago. Net income was USD 2.63 million compared to USD 1.03 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.08 a year ago. Basic earnings per share was USD 0.17 compared to USD 0.08 a year ago. Diluted earnings per share was USD 0.17 compared to USD 0.08 a year ago.
For the six months, sales was USD 42.73 million compared to USD 36.14 million a year ago. Net income was USD 6.3 million compared to USD 3.39 million a year ago. Basic earnings per share from continuing operations was USD 0.41 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to USD 0.27 a year ago. Basic earnings per share was USD 0.41 compared to USD 0.28 a year ago. Diluted earnings per share was USD 0.4 compared to USD 0.27 a year ago.
Travelzoo is a global Internet media company, which is engaged in offering travel, entertainment, and lifestyle experiences. The Company operates through four segments: Travelzoo North America, Travelzoo Europe, Jackâs Flight Club, and New Initiatives. Its Travelzoo North America segment consists of its operations in Canada and the United States. Its Travelzoo Europe segment consists of its operations in France, Germany, Spain, and the United Kingdom. Its Jackâs Flight Club segment consists of subscription revenue from members to access and receive flight deals via email or mobile applications. Its New Initiatives segment consists of its licensing activities in certain Asia Pacific territories, the Travelzoo META subscription service and Metaverse Travel Experiences, LLC (MTE). Its products and services are the Travelzoo Website (travelzoo.com), the Travelzoo iPhone and Android apps, the Top 20 email newsletter, the Travelzoo Network, and Jack's Flight Club.