TZOO - TravelZoo +3.3% on Q3 earnings beat

Travelzoo ([[TZOO]] -0.4%) Q3 reports show consolidated revenue of $13.8M, down 42% Y/Y and up 97% Q/Q.Segment-wise revenue: North America -40% Y/Y; Europe -57% Y/Y.Consolidated net loss of $1.2M or EPS loss of $0.10, down from $0.21 in the prior-year period.Non-GAAP operating profit was $1.2M.Consolidated cash, cash equivalents and restricted cash were $51.7M as of Sept. 30.Acquired 60% of Jack’s Flight Club, a subscription service which produced $1.1M in revenue from subscriptions with operating profit of $731,000.Income tax benefit was $244,000, compared to an income tax expense of $860,000 in the prior-year period.CEO comments: “A strong improvement in our business is evident compared to Q2. We are seeing irresistibly priced deals coming to the market, and Travelzoo, as the most trusted media brand publishing and recommending travel deals, is telling its members about the very best deals." Previously: Travelzoo EPS beats by $0.01, beats on revenue (Oct. 21)

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TravelZoo +3.3% on Q3 earnings beat