Duyuru • Jul 01
Travelzoo Announces Four New Club Offers for Club Members in Canada Travelzoo announced four of many new Club Offers for Club Members in Canada. $499—PRIVATE HOUSE FOR 2 NEAR PEC W/GOLF & MEALS: Resort home near Prince Edward County on the grounds of one of Canada's best golf courses. Includes two rounds of golf per person, plus breakfast and lunch on the green. $1399—GUATEMALA'S LAKES & VOLCANOES: This six-night trip takes you to Antigua Guatemala, Panajachel and Guatemala City. Flights from Canada, tours and daily breakfast are included. Comparable vacations cost an average of $620 more. $299—LUXURY SPA TREATMENTS AT 5-STAR TORONTO HOTEL: Enjoy a two-treatment package at the acclaimed Miraj Hammam Spa in Toronto's Shangri-La Hotel. Receive a massage and Australian-inspired facial. $1899—SPAIN: 5-CITY GUIDED TOUR, SAVE $1500: Knowledgeable guides show you the best of Madrid, Cordoba, Granada, Valencia and Barcelona. We save up to $1520 per person versus comparable seven-night, flight-inclusive tours. Duyuru • Jun 25
Travelzoo Announces New Club Offer For U.S. Club Members Travelzoo announced a new Club Offer for Club Members in the U.S. $899—NEW MEXICO ALL-INCLUSIVE VACATION WITH FLIGHTS. This Riviera Maya resort has been completely transformed. In September, it will debut as a luxurious Kimpton resort. Everything has been refreshed, from the suites to the restaurants and public spaces. This package includes roundtrip flights, 5 nights' accommodations, airport transfers and all meals and drinks. You can also add additional nights for longer stays. It's rare to find opening-season rates this low at a brand-new luxury resort, especially when rooms here sell for $400-$600 per night. We've negotiated this Club Offer just for us. Duyuru • Jun 13
Travelzoo Announces New Club Offers for Club Members in Germany Travelzoo announced four of many new Club Offers for Club Members in Germany. FROM EUR 1,399—7 NIGHTS IN CROATIA FOR 6 PEOPLE. A private community of 15 villas in Istria. Every house has at least three bedrooms and a private pool. Beaches and coastal towns are right on doorstep. We're saving 62% compared to booking directly with the hotel. FROM EUR 549 PP—ISTANBUL WITH FLIGHTS & PRIVATE DRIVER. This 3-night stay is in a centrally located luxury hotel. Flights, breakfast, and airport transfers are included. You'll also get to take a boat trip along the Bosphorus River. EUR 159 PP—SAUERLAND: HOLIDAY APARTMENT FOR 4 PEOPLE. Right on the Rothaarsteig trail, with a bike park and a lake ten minutes' drive away. The apartment has two bedrooms and a fully equipped kitchen. Its saving: 61% off market prices. EUR 209 PP—4 DAYS AT THE MECKELNBURG LAKE DISTRICT. This lakeside resort on the Müritz is home to villa-style apartments. Each has an open-plan living area and balcony. Breakfast and spa access are included. Offers have limited inventory and are subject to availability. Duyuru • Apr 21
Travelzoo to Report Q1, 2026 Results on Apr 23, 2026 Travelzoo announced that they will report Q1, 2026 results Pre-Market on Apr 23, 2026 Duyuru • Apr 17
Travelzoo Announces New Club Offers for Travel Enthusiasts in the UK Travelzoo announced three of many new Club Offers for Club Members in the UK. Rigorously vetted and negotiated for company's travel enthusiasts: £799PP—LUXURY CRETE WEEK WITH MEALS AND PRIVATE POOL The Cretan village of Sisi is a peaceful enclave surrounded by olive groves. It's also the home of the 5-star Castello Boutique Suites. Each room includes a private pool per couple. Flights, transfers, and meals are all included. They save between £754 and £1194. £349PP & UP—PEAK DISTRICT: GOURMET 2-NIGHT MEMBER EVENT Join them for a 2-night stay at The Peacock at Rowsley this October, when we're hosting an event, just for Travelzoo members. Expect a 3-AA-Rosette dinner, paired wines, a chef Q&A, guided estate walk, and entry to Chatsworth House. £149—NORMANDY ESCAPE WITH CALVADOS TASTING Manoir de la Poterie is a Norman manor house by the sea with the beach just a short stroll away. They Save up to 46%. Flights aren't included but Travelzoo members get free breakfast, spa access, and brandy tasting at the Calvados Christian Drouin distillery. Offers have limited inventory and are subject to availability. Duyuru • Mar 12
Travelzoo, Annual General Meeting, Apr 20, 2026 Travelzoo, Annual General Meeting, Apr 20, 2026. Location: ww.virtualshareholdermeeting.com/tzoo2026, United States Duyuru • Feb 10
Travelzoo to Report Q4, 2025 Results on Feb 19, 2026 Travelzoo announced that they will report Q4, 2025 results Pre-Market on Feb 19, 2026 Duyuru • Dec 20
Travelzoo Announces Four of Many New Club Offers for Club Members in the U.S Travelzoo®? announced four of many new Club Offers for Club Members in the U.S. Rigorously vetted and negotiated for the company's travel enthusiasts: $599--LONDON getAWAWAY WITH FLIGHTS: stay in a buzzy Central London neighborhood, surrounded by trendy restaurants and shops. Club Members will be within walking distance of the British Museum, West End theatres and Soho nightlife. Roundtrip flights, 4 nights' accommodations and daily breakfast are all included. The company save $590 versus similar offers elsewhere. $799--CABO 3-NIGHT RETREAT FOR 2 with $150 CREDIT. experience winter in Cabo at this 4.5-star Hilton. With perfect weather and whale watching from the balcony of an upgraded ocean view room. The company save 70%. This Club Offer can't be found anywhere else. Daily breakfast for two and a $150 resort credit are included. $999--BALI FOR 5 NIGHTS: 3-LEVEL SUITE FOR two with INFINITY POOL. Luxurious Bali hideaway. Opened in May 2025. Club Members stay in an upgraded, adults-only three-level room for five nights. Complete with own romantic infinity pool. Massages for two, signature cocktails and daily breakfast are also included. HALF PRICE--UPSCALE WAikiki WATERFRONT HOTEL. The Prince Waikiki is Hawaii's only all ocean view hotel. Choose to unwind at the adults-only infinity pool or walk to popular Ala Moana Beach to enjoy the Hawaiian sunset. The company negotiated 50% off compared to regular prices. And, daily breakfast, a waived resort fee (reg. $45 plus tax, per night) and a $50 spa credit are included. Duyuru • Dec 03
Travelzoo Announces Release of New Club Offers for Club Members in Canada Travelzoo announced the release of new Club Offers for Club Members in Canada. Rigorously vetted and negotiated for travel enthusiasts:$1829—SOUTH KOREA ADVENTURE W/FLIGHTS & TOURS,Experience bustling Seoul, discover temples and artifacts in Gyeongju and explore Busan's famed Gamcheon Culture Village. This weeklong trip includes 4-star hotels with daily breakfast and all transportation. $958—2 NIGHTS IN BLUE MOUNTAIN CHALET, FITS UP TO 10 PEOPLE Make the most of winter from a cozy chalet just a 10-minute walk from Blue Mountain Village. Stays are available through March, so pack your skis and snowboards. $787—GUIDED TOUR OF THE ROCKIES, REG. $1019, Discover Banff, Lake Louise, Jasper and other gorgeous destinations on this three-night trip. Hotels, daily breakfast and extensive sightseeing are included in this per-person price. Some offers have limited inventory and are subject to availability. Duyuru • Nov 26
Travelzoo®? Announces Release of New Club Offers for Club Members in the Uk Travelzoo announced the release of new Club Offers for Club Members in the UK. Upham Inns has a selection of characterful pubs with rooms in lovely villages across southern England. Stay two nights for £99 right through to spring, 2026. Choose from 15 rural retreats with savings of up to 67%. £179--2 NIGHTS in BOURNEMOUTH with SEA VIEWS and DINNER: Stay two nights at the centrally located Park Central Hotel, minutes from the seafront and festive attractions. This Club Offer includes breakfast, a sea-view room, and dinner on the first night, saving up to 44% compared with the hotel's flexible rates. £299PP--ISLE of WIGHT ROYAL RETREAT with FERRY and TASTING MENU: Albert Cottage, once owned by Queen Victoria and Prince Albert, offers a royal-themed two-night stay with breakfast, cocktails, a 7-course tasting menu, and ferry travel included. This exclusive package saves £352 compared to assembling the trip independently. £375--LUXURY BRUSSELS HOTELS FOR 2 NIGHTS: Enjoy a premium two-night stay at the 5-star Sofitel Brussels Europe, a refined hotel praised by The Michelin Guide. Overlooking the elegant Parc Leopold and close to the city's grand boulevards, it offers spacious luxury rooms, attentive service, and a sophisticated brasserie and bar. Breakfast and welcome drinks are included, with savings of up to 36% on flexible rates. Duyuru • Oct 28
Travelzoo Provides Earnings Guidance for the Fourth Quarter of 2025 Travelzoo provided earnings guidance for the fourth quarter of 2025. For the period, The company expects year-over-year revenue growth to continue. The company expects revenue growth to accelerate as a trend in subsequent quarters, as membership fees revenue is recognized ratably over the subscription period of 12 months, as we acquire new members, and as more Legacy Members become Club Members. Over time, The company expects profitability to substantially increase as recurring membership fees revenue will be recognized. In the short-term, fluctuations in reported net income are possible. Duyuru • Oct 22
Travelzoo to Report Q3, 2025 Results on Oct 28, 2025 Travelzoo announced that they will report Q3, 2025 results Pre-Market on Oct 28, 2025 Duyuru • Aug 18
Travelzoo Announces the Release of Club Offers for Club Members in Canada Travelzoo®? announced the release of Club Offers for Club Members in Canada. Rigorously vetted and negotiated for the company travel enthusiasts: $1499--SPEND Aweek in JAPAN, FLIGHTS included: Travel by bullet train between Tokyo, Kyoto and Osaka on the lowest-priced Japan trip we've ever seen. You'll get a guided tour of the capital and stay in central hotels, all while saving $619. 50% off--SUITE at WHISTler SKI-IN/SKI-OUT HOTEL Club Members stay a snowball's throw from the lifts starting at $181 per night over early ski season dates. Two-bedroom, condo-style suites have space for up to 4 adults and 2 children. $1299--MEXICO 5-STAR RESORT for 3 NIGHTS W ($200 CREDIT: The company escape to a luxurious Punta de Mita resort that's surrounded by some of the best beaches in the world. This offer, which normally costs $3446, also includes breakfast and an ocean view room. $169--TORTO HotEL 'IN A PERFECT location' This stylish hotel is just a few minutes' walk from two subway lines and the city's best galleries and boutiques. Club Members save an average of 51% on fall stays. $999--PRAGUE 6-NIGHT getAWAY with FLIGHTS. Duyuru • Aug 17
Travelzoo Announces Release of Club Offers for Club Members in Germany Travelzoo announced the release of Club Offers for Club Members in Germany. Rigorously vetted and negotiated for travel enthusiasts: FROM €99—ROME: 2 NIGHTS IN A 4-STAR HOTEL: Stay at the Radisson Hotel in Parioli, one of Rome's most exclusive districts. Sip a complimentary drink at the rooftop bar while taking in panoramic city views. This offer saves up to 69% compared with other sources. FROM €699—KOS: 5-STAR ADULTS-ONLY HOTEL WITH HALF BOARD & FLIGHT: Fly from multiple German airports to a luxury seaside resort boasting a 2000 square meter pool. Evenings feature gourmet 5-course dinners served al fresco under the island sky. €50—3 NIGHTS IN BAD FÜSSING WITH THERMAL SPA ACCESS: Unwind in Lower Bavaria in a spacious 41 square meter room. Includes admission to a nearby thermal spa (value €20). €249—4 NIGHTS AT LAKE GARDA IN A JUNIOR SUITE WITH JACUZZI, SAVE €480: Surrounded by vineyards and olive groves, just 25 minutes by car from Verona, this stay includes an upgrade to a junior suite with private jacuzzi. Extras include: a €40 voucher for wellness treatments, and a wine tasting with local cheese and meats. €50—DESIGN HOTEL NEAR BERLIN'S KU'DAMM: Check into Hotel Q!, a celebrity favorite. Relax in the spa's exclusive South Sea sand room. Duyuru • Jul 22
Travelzoo to Report Q2, 2025 Results on Jul 23, 2025 Travelzoo announced that they will report Q2, 2025 results Pre-Market on Jul 23, 2025 Duyuru • Jun 26
Travelzoo®? Announces Release of Club Offers for Club Members Travelzoo®? announced the release of Club Offers for Club Members. Rigorously vetted and negotiated for us travel enthusiasts in the UK: £399pp—Iconic Burgh Island Hotel: 2 nights with dinner Stay two nights at the glamorous Burgh Island Hotel—once a 1930's hotspot for A-listers like Agatha Christie and Noel Coward—for £798, saving up to £750. Includes two black-tie dinners, praised by Tatler as the "ultimate theatrical time warp. " £49pp—Virgin Voyages: new ship exclusive member event Be among 80 Travelzoo members to spend a day aboard Virgin Voyages' new ship, Brilliant Lady, before its maiden voyage this September. Enjoy a cocktail hour, 4-course dinner, drinks all day, and a brand-new show. Virgin Voyages was named Condé Nast Traveller's top large cruise line for the second year running in 2024. £4999pp—Volcanoes, lagoons, & wildlife: Galápagos expedition cruise, save £2387 Sail aboard the 100-passenger National Geographic Endeavour II. This package includes flights, transfers, hotels, expert guides, Zodiacs, and glass-bottom boat excursions to explore the islands' wildlife and beaches. · £399pp—New 5-star all-inclusive Corfu resort, save 61%: Stay seven nights at the brand-new 5-star Hotel Unda in Corfu for £399—saving up to 61%. This all-inclusive deal includes return flights and a Superior Double Room. Opened in June 2025, the resort features sleek, airy spaces blending modern design with local charm and sea views. Some offers have limited inventory and are subject to availability. Duyuru • Apr 25
Travelzoo to Report Q1, 2025 Results on Apr 29, 2025 Travelzoo announced that they will report Q1, 2025 results Pre-Market on Apr 29, 2025 Duyuru • Apr 24
Travelzoo, Annual General Meeting, Jun 04, 2025 Travelzoo, Annual General Meeting, Jun 04, 2025. Duyuru • Feb 26
Travelzoo Provides Revenue Guidance for the First Quarter and Full Year of 2025 Travelzoo provided revenue guidance for the first quarter and full year of 2025. For the quarter, the company expects revenue to increase at a higher pace. The pro rata portion of membership fee revenue will already add 5% incremental growth this quarter. This percentage is expected to increase over subsequent quarters, as membership fee revenue is recognized ratably over the subscription period, the company acquire new members, and more Legacy Members become Club Members.
For the full year, the company expects substantially higher revenue growth. Over time, it expects profitability to further increase as recurring membership fee revenue will be recognized. Duyuru • Feb 18
Travelzoo to Report Q4, 2024 Results on Feb 25, 2025 Travelzoo announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Feb 25, 2025 Recent Insider Transactions • Nov 14
Founder & Chief Talent Officer recently sold €2.4m worth of stock On the 11th of November, Ralph Bartel sold around 145k shares on-market at roughly €16.57 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ralph has been a net seller over the last 12 months, reducing personal holdings by €17m. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to €15.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 73% over the past three years. Recent Insider Transactions • Oct 28
Founder & Chief Talent Officer recently sold €1.8m worth of stock On the 25th of October, Ralph Bartel sold around 130k shares on-market at roughly €14.03 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ralph has been a net seller over the last 12 months, reducing personal holdings by €17m. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$0.26 (vs US$0.16 in 3Q 2023) Third quarter 2024 results: EPS: US$0.26 (up from US$0.16 in 3Q 2023). Revenue: US$20.1m (down 2.4% from 3Q 2023). Net income: US$3.18m (up 35% from 3Q 2023). Profit margin: 16% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 22
Travelzoo to Report Q3, 2024 Results on Oct 23, 2024 Travelzoo announced that they will report Q3, 2024 results Pre-Market on Oct 23, 2024 Recent Insider Transactions • Sep 19
Founder & Chief Talent Officer recently sold €170k worth of stock On the 13th of September, Ralph Bartel sold around 13k shares on-market at roughly €13.58 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €881k. Ralph has been a net seller over the last 12 months, reducing personal holdings by €15m. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to €12.40, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 31% over the past three years. Recent Insider Transactions • Sep 04
Founder & Chief Talent Officer recently sold €273k worth of stock On the 29th of August, Ralph Bartel sold around 25k shares on-market at roughly €10.91 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger sale from another insider worth €881k. Ralph has been a net seller over the last 12 months, reducing personal holdings by €15m. Recent Insider Transactions • Aug 13
Global CEO & Director recently sold €210k worth of stock On the 12th of August, Holger Bartel sold around 23k shares on-market at roughly €9.34 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €398k. Holger has been a net seller over the last 12 months, reducing personal holdings by €338k. Recent Insider Transactions • Aug 02
Founder & Chief Talent Officer recently sold €212k worth of stock On the 30th of July, Ralph Bartel sold around 23k shares on-market at roughly €9.41 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €398k. Ralph has been a net seller over the last 12 months, reducing personal holdings by €17m. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €9.35, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 20% over the past three years. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$0.23 (vs US$0.17 in 2Q 2023) Second quarter 2024 results: EPS: US$0.23 (up from US$0.17 in 2Q 2023). Revenue: US$21.1m (flat on 2Q 2023). Net income: US$2.93m (up 12% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Duyuru • Jul 18
Travelzoo to Report Q2, 2024 Results on Jul 25, 2024 Travelzoo announced that they will report Q2, 2024 results Pre-Market on Jul 25, 2024 Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €8.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 32% over the past three years. Recent Insider Transactions • Jun 28
Founder & Chief Talent Officer recently sold €398k worth of stock On the 27th of June, Ralph Bartel sold around 55k shares on-market at roughly €7.24 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ralph has been a net seller over the last 12 months, reducing personal holdings by €17m. Recent Insider Transactions • Jun 04
Founder & Chief Talent Officer recently sold €286k worth of stock On the 31st of May, Ralph Bartel sold around 40k shares on-market at roughly €7.16 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €644k. Ralph has been a net seller over the last 12 months, reducing personal holdings by €19m. Duyuru • May 25
Travelzoo Appoints Matt Epstein as Chief Transformation Officer Travelzoo has hired Matt Epstein as Chief Transformation Officer. As a member of the global executive team, based in New York City, his responsibility will be to accelerate new developments of the Travelzoo® membership. Mr. Epstein will join Travelzoo on June 12 from Walmart where he is Vice President, Walmart+ Member Experience, Care, and Retention. From 2018 to 2022, he was Vice President and General Manager – Streaming Business at SiriusXM Radio. From 2011 to 2018, he held business development and general management positions in Amazon's Worldwide Prime, Prime Music, and Fresh divisions. He received his MBA from Darden Graduate School of Business. Recent Insider Transactions • May 20
Founder & Chief Talent Officer recently sold €171k worth of stock On the 17th of May, Ralph Bartel sold around 23k shares on-market at roughly €7.62 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €644k. Ralph has been a net seller over the last 12 months, reducing personal holdings by €18m. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$0.31 (vs US$0.23 in 1Q 2023) First quarter 2024 results: EPS: US$0.31 (up from US$0.23 in 1Q 2023). Revenue: US$22.0m (up 1.8% from 1Q 2023). Net income: US$4.24m (up 15% from 1Q 2023). Profit margin: 19% (up from 17% in 1Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Duyuru • Apr 24
Travelzoo Provides Earnings Guidance for the Second Quarter of 2024 Travelzoo provided earnings guidance for the second quarter of 2024. For second quarter of 2024, The company expects continued growth in revenue year-over-year, albeit at a smaller pace than in 2023. The company also expect for second quarter 2024 higher profitability year-over-year. Duyuru • Apr 21
Travelzoo to Report Q1, 2024 Results on Apr 24, 2024 Travelzoo announced that they will report Q1, 2024 results Pre-Market on Apr 24, 2024 Recent Insider Transactions • Mar 11
Founder & Chief Talent Officer recently sold €509k worth of stock On the 6th of March, Ralph Bartel sold around 66k shares on-market at roughly €7.77 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ralph has been a net seller over the last 12 months, reducing personal holdings by €19m. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$0.80 (vs US$0.54 in FY 2022) Full year 2023 results: EPS: US$0.80 (up from US$0.54 in FY 2022). Revenue: US$84.5m (up 20% from FY 2022). Net income: US$11.9m (up 78% from FY 2022). Profit margin: 14% (up from 9.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Duyuru • Feb 23
Travelzoo to Report Q4, 2023 Results on Feb 28, 2024 Travelzoo announced that they will report Q4, 2023 results Pre-Market on Feb 28, 2024 Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €8.65, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.36 per share. Recent Insider Transactions • Dec 01
Founder & Chief Talent Officer recently sold €1.3m worth of stock On the 29th of November, Ralph Bartel sold around 155k shares on-market at roughly €8.41 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.3m. Ralph has been a net seller over the last 12 months, reducing personal holdings by €17m. Recent Insider Transactions • Nov 01
Founder & Chief Talent Officer recently sold €1.3m worth of stock On the 30th of October, Ralph Bartel sold around 190k shares on-market at roughly €6.63 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ralph has been a net seller over the last 12 months, reducing personal holdings by €10m. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to €6.50, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 3.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.58 per share. New Risk • Oct 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Significant insider selling over the past 3 months (€4.3m sold). Market cap is less than US$100m (€92.0m market cap, or US$97.4m). Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: US$0.16 (vs US$0.063 in 3Q 2022) Third quarter 2023 results: EPS: US$0.16 (up from US$0.063 in 3Q 2022). Revenue: US$20.6m (up 30% from 3Q 2022). Net income: US$2.35m (up 198% from 3Q 2022). Profit margin: 11% (up from 5.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Oct 23
Founder & Chief Talent Officer recently sold €74k worth of stock On the 20th of October, Ralph Bartel sold around 15k shares on-market at roughly €4.93 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €950k. Ralph has been a net seller over the last 12 months, reducing personal holdings by €8.8m. Duyuru • Oct 20
Travelzoo to Report Q3, 2023 Results on Oct 24, 2023 Travelzoo announced that they will report Q3, 2023 results Pre-Market on Oct 24, 2023 Recent Insider Transactions • Oct 05
Founder & Chief Talent Officer recently sold €159k worth of stock On the 29th of September, Ralph Bartel sold around 28k shares on-market at roughly €5.63 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €950k. Ralph has been a net seller over the last 12 months, reducing personal holdings by €8.5m. Recent Insider Transactions • Sep 22
Founder & Chief Talent Officer recently sold €539k worth of stock On the 20th of September, Ralph Bartel sold around 95k shares on-market at roughly €5.69 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €950k. Ralph has been a net seller over the last 12 months, reducing personal holdings by €8.1m. Recent Insider Transactions • Sep 13
Founder & Chief Talent Officer recently sold €373k worth of stock On the 11th of September, Ralph Bartel sold around 61k shares on-market at roughly €6.12 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €950k. Ralph has been a net seller over the last 12 months, reducing personal holdings by €7.5m. Recent Insider Transactions • Aug 27
Founder & Chief Talent Officer recently sold €471k worth of stock On the 23rd of August, Ralph Bartel sold around 75k shares on-market at roughly €6.25 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €950k. Ralph has been a net seller over the last 12 months, reducing personal holdings by €7.0m. New Risk • Aug 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €88.9m (US$96.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Significant insider selling over the past 3 months (€3.9m sold). Market cap is less than US$100m (€88.9m market cap, or US$96.9m). Recent Insider Transactions • Aug 04
Founder & Chief Talent Officer recently sold €524k worth of stock On the 1st of August, Ralph Bartel sold around 70k shares on-market at roughly €7.49 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €950k. Ralph has been a net seller over the last 12 months, reducing personal holdings by €5.1m. Duyuru • Jul 30
Travelzoo Provides Earnings Guidance for the Third Quarter of 2023 Travelzoo provided earnings guidance for the third quarter of 2023. For the period, the company currently expect growth in revenue and growth in operating profit to continue year-over-year. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.17 (vs US$0.081 in 2Q 2022) Second quarter 2023 results: EPS: US$0.17 (up from US$0.081 in 2Q 2022). Revenue: US$21.1m (up 19% from 2Q 2022). Net income: US$2.62m (up 158% from 2Q 2022). Profit margin: 12% (up from 5.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 24
Travelzoo to Report Q2, 2023 Results on Jul 27, 2023 Travelzoo announced that they will report Q2, 2023 results Pre-Market on Jul 27, 2023 Recent Insider Transactions • Jun 26
Founder & Chief Talent Officer recently sold €257k worth of stock On the 22nd of June, Ralph Bartel sold around 30k shares on-market at roughly €8.55 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.3m. Ralph has been a net seller over the last 12 months, reducing personal holdings by €3.9m. Recent Insider Transactions • Jun 14
Founder & Chief Talent Officer recently sold €950k worth of stock On the 9th of June, Ralph Bartel sold around 101k shares on-market at roughly €9.36 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.3m. Ralph has been a net seller over the last 12 months, reducing personal holdings by €3.5m. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €8.95, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 35% over the past three years. Recent Insider Transactions • May 25
Founder & Chief Talent Officer recently sold €154k worth of stock On the 23rd of May, Ralph Bartel sold around 19k shares on-market at roughly €8.22 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.3m. Ralph has been a net seller over the last 12 months, reducing personal holdings by €2.7m. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €8.45, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 95% over the past three years. Recent Insider Transactions • May 03
Founder & Chief Talent Officer recently sold €1.3m worth of stock On the 1st of May, Ralph Bartel sold around 201k shares on-market at roughly €6.62 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ralph has been a net seller over the last 12 months, reducing personal holdings by €2.0m. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to €6.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 26% over the past three years. Recent Insider Transactions • Apr 23
Founder & Chief Talent Officer recently sold €120k worth of stock On the 18th of April, Ralph Bartel sold around 23k shares on-market at roughly €5.34 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €281k. Ralph has been a net seller over the last 12 months, reducing personal holdings by €962k. Recent Insider Transactions • Apr 09
Founder & Chief Talent Officer recently sold €281k worth of stock On the 5th of April, Ralph Bartel sold around 48k shares on-market at roughly €5.87 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Ralph has been a net seller over the last 12 months, reducing personal holdings by €842k. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €5.55, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 84% over the past three years. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: US$0.54 (vs US$0.079 in FY 2021) Full year 2022 results: EPS: US$0.54 (up from US$0.079 in FY 2021). Revenue: US$70.6m (up 13% from FY 2021). Net income: US$6.69m (up US$5.77m from FY 2021). Profit margin: 9.5% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 06
Travelzoo Announces Resignation of Ralph Bartel as Director Travelzoo Pursuant to the SPA, as of the Closing Date, Ralph Bartel resigned as a director of the Company and its subsidiaries. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 26% share price gain to €4.82, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 51% over the past three years. Duyuru • Dec 18
Travelzoo Provides Revenue Guidance for the Fourth Quarter Ending December 31, 2022 Travelzoo provided revenue guidance for the fourth quarter ending December 31, 2022. For the period, The company expects substantially higher revenue of approx. $18.5 million, up 31% year-over-year. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €4.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 45% over the past three years. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: US$0.063 (vs US$0.24 in 3Q 2021) Third quarter 2022 results: EPS: US$0.063 (down from US$0.24 in 3Q 2021). Revenue: US$15.8m (up 1.0% from 3Q 2021). Net income: US$790.0k (down 72% from 3Q 2021). Profit margin: 5.0% (down from 18% in 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$0.063 (vs US$0.24 in 3Q 2021) Third quarter 2022 results: EPS: US$0.063 (down from US$0.24 in 3Q 2021). Revenue: US$15.8m (up 1.0% from 3Q 2021). Net income: US$790.0k (down 72% from 3Q 2021). Profit margin: 5.0% (down from 18% in 3Q 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 17% per year. Duyuru • Oct 21
Travelzoo to Report Q3, 2022 Results on Oct 26, 2022 Travelzoo announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Oct 26, 2022 Duyuru • Aug 10
Travelzoo Announces Executive Changes Lisa Su resigned from her position as Chief Accounting Officer of Travelzoo, effective September 9, 2022, to pursue a new business opportunity. On August 9, 2022, the Company appointed Wayne Lee, 51, as Chief Financial Officer, effective August 29, 2022. Mr. Lee previously served as Travelzoo’s Chief Financial Officer from 2005 to 2011. In 2011, Mr. Lee started his own consulting firm, Agnitio Partners LLC. Since then, he has been providing consulting services to both listed and private companies. In 2018, Mr. Lee served as Travelzoo’s Chief Financial Officer for a period of six months. Prior to working with the Company, Mr. Lee was Business Group Controller and North American Sales Controller of Novellus Systems Inc. Mr. Lee is a Certified Public Accountant who received his B.S. in Business Administration from the Walter A. Haas School of Business at the University of California, Berkeley in 1993. There are no family relationships between Mr. Lee and any of the officers or directors of the Company. There are no related party transactions with Mr. Lee that are reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K. In connection with Mr. Lee’s appointment, the Company entered into a consulting agreement (the “Consulting Agreement”) with Agnitio Partners LLC, pursuant to which Mr. Lee will provide Chief Financial Officer services to the Company starting August 29, 2022. 
