Travelzoo warns search revenue will fall 25% in Q4, appoints VP of Product Dev

|About: Travelzoo Inc (TZOO)|By:, SA News Editor

Travelzoo (TZOO -9%) shares plunge after the company warns that it expects to see a Y/Y decline in Search revenue (19.7% of total sales in Q3) of ~25% in Q4 as users migrate to search via mobile.

In an attempt to stem the bleeding, the company has appointed Eddie Garcia VP of Product Development. He is tasked with monetizing search on Travelzoo's mobile platform. Garcia formerly acted as Director of Marketplace Business Incubation at eBay.