Travelzoo, Inc. (TZOO) Tops Q2 EPS by 1c

Travelzoo, Inc. (NASDAQ: TZOO) reported Q2 EPS of $0.30, $0.01 better than the analyst estimate of $0.29. Revenue for the quarter came in at $36.9 million versus the consensus estimate of $39.58 million.

Subscribers

Travelzoo had a total unduplicated number of subscribers in North America and Europe of 23.7 million as of June 30, 2014, up 3% from June 30, 2013. In North America, total unduplicated number of subscribers was 16.7 million as of June 30, 2014, up 2% from June 30, 2013. In Europe, total unduplicated number of subscribers was 7.0 million as of June 30, 2014, up 6% from June 30, 2013.

Update on Hotel Booking Platform

Travelzoo began testing its new hotel booking platform in North America in April on desktop and in June on mobile. In the second quarter, the booking engine was presented to a limited number of Travelzoo subscribers. Booking revenue is recognized upon stay, which is typically 40 to 50 days after the booking occurs.

For earnings history and earnings-related data on Travelzoo, Inc. (TZOO) click here.

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