Travelzoo's revenue drops 5% in Q1 2017
Travelzoo reported revenue of USD 28.4 million and operating profit of USD 2.1 million in 2016. In constant currencies, revenue decreased by 5% year-over-year.
In constant currencies, revenue decreased by 5% year-over-year. Net income was USD 2.7 million, with EPS of USD 0.21, which includes income from discontinued operations of USD 1.9 million.
The company has discontinued Fly.com and SuperSearch so as to focus on its global Travelzoo® brand.
Asia Pacific business segment revenue decreased 20% year-over-year to USD 1.8 million. Operating loss for the first quarter was USD 1.5 million, compared to an operating loss of USD 1.0 million in the prior-year period.
As of March 31, 2017, Travelzoo had a worldwide unduplicated number of members of 29.1 million.
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