The following is a summary of the Travelzoo (TZOO) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Q2 revenue remained stable year-over-year at $21.1 million.

• Operating profit for Q2 increased to $4.0 million from $3.3 million in the prior year, marking a 23% year-on-year increase.

• GAAP operating margin improved to 19% up from 15% in Q2 last year.

• Non-GAAP operating profit rose to $4.8 million, or 23% of revenue, compared to $4.0 million in the prior year.

Business Progress:

• Introduced a new membership fee at the beginning of 2024, exempting current members until 2025.

• Revenue from membership fees is expected to grow significantly in 2025 as current exempt members will begin to pay.

• Travelzoo aims to convert a significant number of their 30 millon legacy members into paying members by 2025.

• Plans to enhance paid membership value and retain profitable advertising business.

Opportunities:

• Additional revenue expected from new membership fees starting in 2025.

• Continued growth in advertising revenue from the Top 20 product.

Risks:

• Potential fluctuations in revenue growth and profitability in Q3 2024.

More details: Travelzoo IR

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