Travelzoo announced financial results for the first quarter ended March 31, 2018, with revenue of USD 30.9 million and operating profit of USD 3.7 million. In nominal terms, revenue increased by 9% year-over-year. In constant currencies, revenue increased by 4% year-over-year. Net income was USD 2.5 million, with EPS from continuing operations of USD 0.20, up from USD 0.07 in the prior-year period.
"Revenue growth accelerated in all three regions, leading to much stronger earnings," said Dr. Holger Bartel, Travelzoo's Global CEO.
Highlights
• Revenue of USD 30.9 million, up 9% year-over-year
• Operating profit of USD 3.7 million
• Earnings per share (EPS) of USD 0.20
• Cash flow from operations of USD 179,000
Asia Pacific
Asia Pacific business segment revenue increased 12% year-over-year to USD 2.0 million. In constant currencies, revenue increased 4% year-over-year. Operating loss for the first quarter was USD 1.7 million, compared to an operating loss of USD 1.5 million in the prior-year period.
Europe
Europe business segment revenue increased 13% year-over-year to USD 10.3 million. In constant currencies, revenue was flat year-over-year. Operating profit for the first quarter was USD 2.0 million, or 19% of revenue, compared to an operating profit of USD 949,000, or 10% of revenue in the prior-year period.
North America
North America business segment revenue increased 6% year-over-year to USD 18.6 million. Operating profit for the first quarter was USD 3.4 million, or 18% of revenue, compared to an operating profit of USD 2.7 million, or 15% of revenue in the prior-year period.
Members
As of March 31, 2018, Travelzoo had a worldwide unduplicated number of members of 29.7 million. In the Asia Pacific, unduplicated number of members was 3.6 million as of March 31, 2018, consistent with March 31, 2017. In Europe, unduplicated number of members was 8.7 million as of March 31, 2018, up 5% from March 31, 2017. In North America, unduplicated number of members was 17.5 million as of March 31, 2018, up 1% from March 31, 2017.
Read Original Report
