- Travelzoo (NASDAQ:TZOO) reported first-quarter FY22 revenue growth of 29% year-on-year to $18.5 million, beating the consensus of $16.7 million.
- North America business segment revenue increased 19% Y/Y to $11.7 million. Europe business revenue climbed 66% Y/Y to $5.9 million.
- Jack's Flight Club revenue decreased 7% Y/Y to $0.82 million.
- As of March 31, Travelzoo had 30.7 million members globally.
- EPS of $0.19 beat the consensus of $0.06. Non-GAAP operating profit was $2.7 million.
- Travelzoo used $6.8 million in operating cash flow. It held $36.7 million in cash and equivalents as of March 31, 2022.
- Outlook: Travelzoo currently expects higher revenue and profitability in Q2 2022. The company said it continues to see a trend of recovery of revenue. However, it warned that there could be unexpected fluctuations in the short term.
- Price Action: TZOO shares traded higher by 12.1% at $7.05 on the last check Tuesday.
