FX.co ★ Travelzoo Board Authorizes Share Repurchase - Quick Facts

Travelzoo (TZOO) has announced that its board of directors has approved a new initiative to repurchase up to 1 million shares of its current common stock. The decision regarding the number and timing of these buybacks will depend on the company's cash reserves, prevailing business and market conditions, and various other considerations, including potential alternative investment opportunities.

In a separate development, Travelzoo has disclosed its third-quarter net income from continuing operations, reporting $3.2 million, or $0.26 per share, an increase from $0.16 per share in the same period last year. The company's consolidated revenue stood at $20.1 million, reflecting a 2% decline compared to the previous year. As of September 30, 2024, Travelzoo boasted a global membership count of 30.1 million subscribers.

Looking ahead to the fourth quarter, Travelzoo anticipates revenue growth compared to the previous year, although the pace may be more modest than in 2023. The company also cautioned about the possibility of unexpected fluctuations. Notably, fourth-quarter profitability is expected to improve both year-over-year and quarter-over-quarter. For 2025, Travelzoo projects significant revenue growth, driven by additional income from membership fees.