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Europe driving Travelzoo growth

Region contributes to 40% of company's profits

Travelzoo's Chris Loughlin
Travelzoo’s Chris Loughlin

Business in Europe is leading growth at deals website Travelzoo.

Revenue for the region was up 12% year-on-year for its fourth quarter results, reaching US$11.9 million.

Operating profit for Q4 in Europe came in at US$1.8m up from US$1m year-on-year, while its North American operating profit dropped 13% to US$2.7m.

Its subscribers have gone up 6% in Europe to 6.8 million.

“Our travel products showed continued strength in Q4, particularly in Europe, which contributed 40% of the company’s profits. These gains were offset by revenue declines in SuperSearch and Fly.com,” said Chris Loughlin, chief executive officer. “We will continue to invest in audience and products to spur future growth. These include our hotel booking platform, which is now in internal testing, as well as features that make it easier for our users to find deals when and where they need them, particularly on mobile devices.”

as well as features that make it easier for our users to find deals when and where they need them, particularly on their mobile devices.”

Overall the New York-based media company has seen revenues of US$37.5m, 1% higher than the previous Q4.

For the full-year, its GAAP operating income was US$2.3 million, down 91% year-on-year, with its non-GAAP operating income down 15% to US$24.3m.

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