Travelzoo Stock Plunges On Q3 Miss, Revenue Weakness In North America

Benzinga2021-10-29
  • Travelzoo (NASDAQ:TZOO) reported third-quarter FY21 revenue growth of 14% year-on-year to $15.7 million, missing the consensus of $20.5 million.
  • Business segment revenue increased 6% Y/Y to $9.7 million in North America and rose 43% to $5.2 million in Europe.
  • Jack's Flight Club revenue declined 19% Y/Y to $0.796 million.
  • EPS of $0.22 missed the consensus of $0.23.
  • The company used $12.7 million in operating cash flow during the quarter. It held $66.4 million in cash and equivalents.
  • "Unfortunately, revenue from Travelzoo in North America was negatively impacted by press coverage about the COVID-19 Delta variant and Do Not Travel advisories for nearly 100 countries. We believe this to be a short-term effect," said Holger Bartel, Global CEO.
  • Outlook: Travelzoo currently expects to achieve profitability in Q4 2021. The company noted that while it continues to see a trend of revenue recovery, there could be unexpected fluctuations in the short term.
  • Price Action: TZOO shares traded lower by 9.09% at $10.6 on the last check Friday.
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精彩评论

  • koolgal
    2021-10-30
    koolgal
    With the reopening of the world's economy, pent up demand for travel will kick start and projected to improve especially in 2022 onwards! So will airlines, tourism business, hotels and other associated industries.  Perhaps it is time to consider investing in these industries. 
  • JovRene
    2021-10-29
    JovRene
    Hmm
  • yl2021
    2021-10-29
    yl2021
    Like & comment
  • Qwer1234
    2021-10-29
    Qwer1234
    Ok
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