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Travelzoo (TZOO) investor relations material
Travelzoo Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 revenue grew 13% year-over-year to $23.9M, driven by all segments, Getaways vouchers, and membership fees.
Operating profit declined to $2.1M due to increased marketing and member acquisition costs, with a focus on long-term growth.
Net income attributable to shareholders was $1.4M, down from $2.9M in Q2 2024, reflecting higher costs.
Membership fees are becoming a significant revenue driver, expected to reach 25% of total revenue next year.
Immediate payback on member acquisition costs, with new members generating revenue that offsets acquisition expenses.
Financial highlights
Q2 2025 revenue: $23.9M, up 13% year-over-year; six-month revenue up 9% to $47.0M.
Q2 operating profit: $2.1M (8.6%-9% margin), down from $4M prior year.
Non-GAAP operating profit: $2.4M (10% margin), down from $4.8M prior year.
Cash, cash equivalents, and restricted cash at $10.4M-$11.2M as of June 30, 2025.
Cash flow from operations: $1.3M; 172,088 shares repurchased during the quarter.
Outlook and guidance
Year-over-year revenue growth expected to continue and accelerate as membership fee revenue is recognized over 12 months.
Profitability expected to increase as recurring membership revenue accumulates, though short-term net income may fluctuate due to immediate expensing of marketing costs.
Management expects margins to recover or exceed previous levels as membership revenue grows.
Cash on hand projected to be sufficient for working capital needs for at least the next twelve months.
Ongoing evaluation of investments in products and technologies may increase future capital requirements.
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