Earnings release
Page 1
TRAVELZOO FOR IMMEDIATE RELEASE Travelzoo 590 Madison Avenue 35th Floor New York , NY 10022 Investor Relations : Almira Pusch ir@travelzoo.com Travelzoo Reports Third Quarter 2021 Results ● NEW YORK , October 29 , 2021 - TravelzooⓇ ( NASDAQ : TZOO ) : Consolidated revenue of $ 15.7 million , up 14 % year - over - year Non - GAAP consolidated operating profit of $ 1.1 million Earnings per share ( EPS ) of $ 0.22 attributable to Travelzoo from continuing operations Travelzoo , a global Internet media company that provides exclusive offers and experiences for members , today announced financial results for the third quarter ended September 30 , 2021 . Consolidated revenue was $ 15.7 million , up 14 % from $ 13.8 million year - over - year and down 18 % from the prior quarter . Reported revenue excludes revenue from discontinued operations in Asia Pacific . Travelzoo's reported revenue consists of advertising revenues and commissions , derived from and generated in connection with purchases made by Travelzoo members . The reported net income attributable to Travelzoo from continuing operations was $ 2.8 million for Q3 2021. At the consolidated level , including minority interests , the reported net income from continuing operations was $ 2.9 million . EPS from continuing operations was $ 0.22 , compared to a loss per share of ( $ 0.10 ) in the prior - year period . GAAP operating loss was $ 261,000 . Non - GAAP operating profit was $ 1.1 million . The calculation of non - GAAP operating profit excludes amortization of intangibles ( $ 0.3 million ) , stock option expenses ( $ 1.0 million ) , and severance - related expenses ( $ 0.1 million ) . See section " Non - GAAP Financial Measures " below . 1/9