Travelzoo: A Dog Worth Betting On?
Travelzoo's Growth Plan Isn't Going To Be A Big Deal
Jun. 30, 2015, 11:47 AM
- Piper's Michael Olson reports checks for online travel trends through May point to a strong Q2 for the industry.
- Priceline (PCLN +2.8%), Expedia (EXPE +2%), Travelzoo (TZOO +3%), HomeAway (AWAY +1.6%), and TripAdvisor (TRIP +0.9%) are outperforming to varying degrees amid a 0.5% gain for the Nasdaq. Aside from Expedia, the group has been pressured by a mixture of forex and company-specific concerns. Piper has a neutral rating on Expedia due to valuation concerns, and Overweight ratings on Priceline, TripAdvisor, and HomeAway.
- Separately, Expedia has named worldwide engineering SVP Aman Bhutani the president of the Brand Expedia Group, which covers Expedia.com, Travelocity, Wotif, and Expedia's JV with AirAsia - CEO Dara Khosrowshahi has been handling the job for over 3 years. GeekWire notes Bhutani has a strong reputation within the company for making data-driven tech decisions and experimenting with product changes.
- Previously: Deutsche downgrades Priceline, cites Airbnb
- Previously: Macquarie: HomeAway is cheap if Airbnb is worth $24B
Jun. 9, 2015, 7:23 AM
- Lufthansa (OTCPK:DLAKF, OTCQX:DLAKY) is taking the dramatic move to charge passengers an extra fee for booking travel through third-party sites.
- Though many airlines are reducing the number of flight options they show on travel sites, Lufthansa is one of the first major carriers to charge for booking outside its network.
- The fee from the German airline for outside bookings will begin in September and average $18 per ticket.
- The trend could pick up warn some industry watchers.
- “Consumers are going to go to the price-comparison sites and thinking they’re comparing prices, but they’re not,” said Yale professor Fiona Scott Morton.
- Related stocks: EXPE, PCLN, OWW, TZOO, TRIP.
Apr. 27, 2015, 3:06 PM
- Today's notable tech gainers include online real estate leader Zillow (Z +4.3%), online travel deals platform Travelzoo (TZOO +8%), and gaming IP licensing firm Worlds (OTCQB:WDDD +15.5%).
- Notable decliners include wireless charging tech developer Energous (WATT -9.3%), enterprise mobility management software firm MobileIron (MOBL -9.4%), Chinese mobile game publisher iDreamSky (DSKY -7.1%), and cloud tech support software provider Support.com (SPRT -6.6%). The Nasdaq is down 0.6%.
- Zillow is now up 10% since providing soft full-year guidance on April 14. Travelzoo is up 32% since posting a Q4 beat on April 16.
- Energous is selling off after filing a $75M mixed shelf following Friday's close. MobileIron is down 34% since issuing a Q1 warning last Wednesday. iDreamSky is missing out on a Chinese tech rally.
- Previously covered: Applied Materials, Aerohive, Taser, Oclaro, JD.com, Sky-mobi, 3D Systems/Stratasys
Apr. 17, 2015, 3:07 PM
- With the Nasdaq off 1.7% amid a broader market selloff, many tech companies are posting outsized losses, and only a few (excluding microcaps) are posting 2%+ gains.
- Notable decliners include Russian online payments leader Qiwi (QIWI -7.8%), Chinese solar firms JinkoSolar (JKS -5.3%), ReneSola (SOL -8.4%), Trina (TSL -5.1%), and Yingli (YGE -5.2%), Chinese online real estate play Leju (LEJU -7.8%), analog/mixed-signal chipmakers ON Semi (ONNN -5.3%) and InPhi (IPHI -4.7%), enterprise flash storage vendor Violin Memory (VMEM -5.2%), online travel deals platform Travelzoo (TZOO -6.4%), and smart grid hardware/software vendor Silver Spring (SSNI -4.6%).
- Profit-taking appears to be a big culprit in many instances. Qiwi (like other Russian firms) had rallied strongly in recent weeks thanks to the ruble and oil's rallies. Chinese solars have also been early-2015 standouts, and so have ON Semi and Silver Spring; the latter has recently announced deals (I, II) with Paris' street light/traffic control operator and Australian energy firm AusNet. Travelzoo is returning a chunk of yesterday's big post-earnings gains.
- Previously covered: AMD, ServiceNow, cloud/analytics stocks, Etsy, Wayfair
- Notable gainers: Seagate, 58.com, ZBB Energy
Apr. 16, 2015, 12:45 PM
Apr. 16, 2015, 11:47 AM
- "In spite of the strong dollar we achieved a sequential 16% increase in revenue over the previous quarter," notes Travelzoo (NASDAQ:TZOO) CEO Chris Loughlin. He adds more new members were added than in any quarter in the prior 3 years.
- On a Y/Y basis, the travel deals provider's numbers were still soft: North American revenue -6% Y/Y to $24.7M; European revenue -15% to $11.8M (-7% in local currency). Unduplicated total members rose by 300K Q/Q to 24.5M. North American members stood at 17.2M, and European members at 7.5M (rounded up?).
- GAAP operating expenses were nearly flat Y/Y at $28.5M (compares with a 9% revenue drop) - sales/marketing spend totaled $18M, and G&A $10.5M. Travelzoo ended Q1 with $54M in cash (30% of its current market cap), and no debt.
- Shares reacted very differently to the company's January Q4 report.
- Q1 results, PR
Apr. 16, 2015, 9:12 AM
Apr. 16, 2015, 8:02 AM
- Travelzoo (NASDAQ:TZOO): Q1 EPS of $0.13 beats by $0.05.
- Revenue of $36.49M (-9.2% Y/Y) beats by $1.72M.
- Shares +4.09% PM.
Apr. 15, 2015, 5:30 PM
Feb. 12, 2015, 1:35 PM
- Liberty TripAdvisor (LTRPA +27.7%), a holding company containing a 22% stake in TripAdvisor (and 57% of the company's voting rights), has naturally joined TripAdvisor's regular shares in soaring after the travel reviews/search site posted mixed Q4 results and offered above-consensus 2015 guidance amid a backdrop of low expectations.
- Travelzoo (TZOO +8%), meanwhile, appears to be getting a lift from both TripAdvisor's numbers and Expedia's $1.6B deal to acquire Orbitz. The travel deals provider is less than a month removed from plunging to new 6-year lows on account of a Q4 miss.
Jan. 22, 2015, 12:45 PM
Jan. 22, 2015, 10:12 AM
- Travelzoo (TZOO -14.4%) is below $10 for the first time since 2009 after missing revenue estimates for the fourth quarter in a row, and EPS estimates for the second. The travel deals provider states "investment in products and audience" pressured its bottom line during Q4.
- North American revenue fell 18% Y/Y to $21.1M, and European revenue 12% to $10.4M. Members were flat Q/Q and rose 4% Y/Y to 24.2M.
- While revenue fell 16%, G&A spend rose 2% to $11.3M, and sales/marketing spend only fell 4% to $16.6M. The cash balance stood at $54.8M (equal to 38% of Travelzoo's market cap) at quarter's end.
- Q4 results, PR
Jan. 22, 2015, 8:02 AM
- Travelzoo (NASDAQ:TZOO): Q4 EPS of -$0.04 misses by $0.06.
- Revenue of $31.5M (-16.0% Y/Y) misses by $2.53M.
Jan. 21, 2015, 5:30 PM
Oct. 16, 2014, 12:45 PM
Oct. 16, 2014, 8:03 AM
- Travelzoo (NASDAQ:TZOO): Q3 EPS of $0.02 may not be comparable to consensus of $0.13.
- Revenue of $33.5M (-10.1% Y/Y) misses by $1.68M.
- Shares -4.15% PM.
Travelzoo, Inc. is a global internet media company, which engages in the provision of information to subscribers and website users about travel, entertainment and local deals available from companies. It operates its business through the following segments: Asia Pacific, Europe, and North... More
Industry: Internet Information Providers
Country: United States
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