Travelzoo Clocks 36% Topline Growth In Q4 Aided By North America, Europe Segments

Travelzoo TZOO reported fourth-quarter FY22 revenue growth of 36% year-on-year to $18.6 million, beating the consensus of $18.3 million.
North American business segment revenue increased 53% Y/Y to $13.1 million. Europe's business revenue grew by 9% Y/Y to $4.7 million.
Jack's Flight Club revenue increased by 6% Y/Y to $0.86 million.
As of Dec. 31, Travelzoo had 30.4 million members globally.
EPS of $0.20 beat the consensus of $0.10. Non-GAAP operating profit was $4.8 million.
Travelzoo used $(2.3) million in operating cash flow. It held $19.4 million in cash and equivalents.
"Revenue growth accelerated in both North America and in Europe, leading to much stronger earnings," said Holger Bartel, Travelzoo's Global CEO. "As the recovery from the pandemic continues, we will leverage Travelzoo's global reach and trusted brand to further improve earnings in future periods."
"With more than 30 million members, 7 million mobile app users, and 4 million social media followers, Travelzoo is loved by travel enthusiasts who are affluent, active, and open to new experiences."
Price Action: TZOO shares closed higher by 1.55% at $4.58 on Tuesday.

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