Travelzoo announced consolidated revenue of $20.7 million for the fourth quarter ended December 31, 2024, a 2% decrease year-over-year. Net income attributable to Travelzoo was $3.2 million, or $0.26 per share, compared to $0.27 per share in the prior-year period. Non-GAAP operating profit for the quarter was $5.3 million.
The North America segment saw a 1% increase in revenue to $13.9 million, with operating profit rising to $4.6 million from $4.0 million. Conversely, Europe's revenue decreased by 13% to $5.4 million, primarily due to fluctuations in Germany, resulting in an operating profit of $159,000, down from $832,000. Jack's Flight Club continued its growth trajectory, with revenue increasing 19% year-over-year to $1.3 million.
As of December 31, 2024, Travelzoo's cash, cash equivalents, and restricted cash totaled $17.7 million, and net cash provided by operations was $7.7 million. The company repurchased 135,792 shares of its common stock during the quarter, reflecting its ongoing capital allocation strategy.
For Q1 2025, Travelzoo expects revenue to increase at a higher pace, with membership fees projected to add 5% incremental growth. The company anticipates substantially higher revenue growth for the full year 2025, driven by the transition of legacy members to paid Club Members. Profitability is expected to increase over time as recurring membership fee revenue is recognized.
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