NASDAQ$TZOO

Travelzoo · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a slight revenue increase and a net income from continuing operations.

Travelzoo reported a slight increase in revenue, up 1% year-over-year to $15.8 million. The company's net income attributable to Travelzoo from continuing operations was $790,000, with earnings per share (EPS) of $0.06.

  • Revenue increased by 1% year-over-year to $15.8 million.
  • In constant currencies, revenue was up 6% year-over-year to $16.7 million.
  • Non-GAAP consolidated operating profit was $1.1 million.
  • Earnings per share (EPS) attributable to Travelzoo from continuing operations was $0.06.

Headline financials

Total Revenue

$15.8M

Previous: $15.7M+1.0%
EPS (adj)

$0.06

Previous: $0.22-72.7%
Capital Expenditures

-$236K

Previous: -$24K-883.3%
Free Cash Flow

$559K

Previous: $2.8M-80.0%
Net Income

$795K

Previous: $2.82M-71.8%
Operating Income

$273K

Previous: -$261K+204.6%
Gross Profit

$13.5M

Previous: $12.7M+6.5%
Cash & Equivalents

$19.5M

Previous: $65.2M-70.1%
Total Assets

$68.3M

Previous: $117M-41.5%
Stock-Based Comp

$325K

Previous: $971K-66.5%

Revenue & EPS history

Travelzoo · Revenue · Quarterly

$15.8M

Q3 2022+1%vs Q3 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Travelzoo · $15.8M total across 3 segments · Q3 2022

  • Travelzoo North America
    $10.3M+7.9%
  • Travelzoo Europe
    $4.72M-12.0%
  • Jack's Flight Club
    $847K+6.4%

Forward guidance

For Q4 2022, Travelzoo expects substantially higher revenue and profitability due to the demand curve in the travel industry returning to a more normal situation.

Tailwinds

  • Demand curve in the travel industry is returning to a more normal situation.
  • This allows Travelzoo to negotiate and recommend more and better offers.
  • This should result in higher revenue.
  • Fixed costs have been lowered during the pandemic.
  • Fixed costs are expected to remain relatively low in the foreseeable future.

Headwinds

  • There could be unexpected fluctuations in the short term.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-0.6%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+6.0%

Avg return

30 days after

43%

28 / 65 earnings

Positive

+34.3%

Q1 2018

Best reaction

-31.7%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.4%+3.4%+19.9%
Q4 2025-11.0%-2.5%+9.9%
Q3 2025-17.9%-16.1%-29.6%
Q2 2025-8.2%-21.1%-26.2%
Q1 2025+28.8%+13.3%+7.0%
Q4 2024-17.1%-3.0%-16.8%
Q3 2024+16.2%+34.5%+53.3%
Q2 2024+15.4%+16.5%+37.2%
Q1 2024-8.9%-10.4%-15.4%
Q4 2023-1.6%-12.4%+6.0%
Q3 2023+34.3%+31.2%+78.1%
Q2 2023-8.0%+2.6%-14.5%
Q1 2023+19.6%+31.8%+41.6%
Q4 2022+13.2%+12.4%+26.9%
Q3 2022-6.1%-1.1%+20.5%
Q2 2022-17.2%-21.3%-7.9%
Q1 2022+8.4%+9.7%+9.2%
Q4 2021-23.1%-25.7%-32.2%
Q3 2021-12.5%-14.2%-19.5%
Q2 2021+18.3%+22.7%-4.8%
Q1 2021+0.9%+4.1%+10.9%
Q4 2020-7.8%-12.4%-9.7%
Q3 2020+10.8%+5.4%+30.4%
Q2 2020+4.3%+9.0%+40.6%
Q1 2020-0.2%-4.7%-2.4%
Q4 2019+5.6%+1.5%-51.8%
Q3 2019-11.7%-9.1%-17.0%
Q2 2019-14.5%-13.3%-22.2%
Q1 2019+26.0%+21.3%+29.7%
Q4 2018+17.9%+33.3%-2.7%
Q3 2018-31.7%-36.2%-25.6%
Q2 2018-28.4%-31.6%-30.8%
Q1 2018+34.3%+46.4%+109.7%
Q4 2017+7.5%+19.2%+16.7%
Q3 2017-3.9%-11.8%-15.8%
Q2 2017-1.4%-5.0%-22.2%
Q1 2017-0.5%+0.0%+16.2%
Q4 2016+2.3%+11.6%+4.1%
Q3 2016-4.1%-6.0%+7.8%
Q2 2016+7.0%+9.7%+29.7%
Q1 2016-7.0%
Q4 2015+8.0%
Q3 2015+6.8%
Q2 2015-23.7%
Q1 2015+26.4%
Q4 2014-19.2%
Q3 2014-11.0%
Q2 2014-7.5%
Q1 2014-10.6%
Q4 2013-1.7%
Q3 2013-15.5%
Q2 2013-9.5%
Q1 2013+11.6%
Q4 2012+18.5%
Q3 2012-0.2%
Q2 2012-6.5%
Q1 2011-3.6%
Q1 2012+0.2%
Q4 2011-1.2%
Q3 2011+2.0%
Q3 2010+2.0%
Q2 2011-14.3%
Q2 2010-14.3%
Q4 2010-14.3%
Q1 2010+4.5%

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