Fri, Nov 8, 6:01 PM (242 days ago)
Travelzoo (NASDAQ: TZOO) reported its Q3 2024 results, showing stable revenue but notable changes in expenses and cash flow. Total revenues for the quarter were $20,098,000, slightly down from $20,599,000 in Q3 2023, primarily due to a decrease in advertising revenue from Top 20 and Getaways vouchers. Operating income improved to $4,045,000 from $3,109,000 year-over-year, reflecting a reduction in sales and marketing expenses, which fell significantly from $9,840,000 to $8,247,000. Cash flow from operations was robust at $13,257,000, bolstered by net income of $10,401,000. However, the company faced a cash decrease overall, attributed to $16,605,000 used for stock repurchases. As of September 30, 2024, Travelzoo had $11,429,000 in cash and equivalents, down from $15,713,000 at year-end 2023. The company continues to pivot towards a subscription model, implementing membership fees starting January 2024, which may impact future revenue streams. Despite challenges, Travelzoo's operating metrics show resilience, with a focus on maintaining cash flow and managing operational costs effectively.