TRAVELZOO (TZOO) FY2025 10-K Annual Report
TRAVELZOO (TZOO) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 11, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
TRAVELZOO FY2025 10-K Analysis
Business Overview
- • Core business: global internet media company offering curated travel deals and subscription travel services via multi-channel digital platforms
- • New emphasis on paid Travelzoo membership: $40 annual fee introduced in 2024 for new US, Canada, UK, Germany members; raised to $50 in US for new members in 2026
- • Strategic expansion into Metaverse travel experiences through Travelzoo META launched in 2023 and acquisition of Metaverse Travel Experiences LLC in 2022
- • Revenue segmentation: 66% from North America, 28% Europe, 6% Jack’s Flight Club; reach of 30 million travelers and 8.1 million mobile app downloads
- • Noteworthy shift to multi-channel digital advertising focus, especially social media video formats, reflecting 14.3% growth in global social ad spend in 2024
Management Discussion & Analysis
- • Revenue not explicitly stated; segment revenue mix Travelzoo North America 66%, Europe 28%, Jack’s Flight Club 6% of total revenues in 2025
- • No clear YoY revenue or profitability figures disclosed for 2025 vs 2024, no operating or net margin % provided
- • Best performing segment by revenue Travelzoo North America (66% share); smallest Jack’s Flight Club (6% share)
- • Licensing royalties $68,000 in 2025 vs $71,000 in 2024, no details on buybacks, dividends, or capex disclosed
- • Forward outlook: 2026 includes $50 US membership fee increase, rollout of Travelzoo META Metaverse travel experiences as new club benefits
Risk Factors
- • EU unilateral services tax risks with inconsistent application across jurisdictions potentially impacting Travelzoo’s results and cash flows
- • Exposure to geopolitical conflicts including Ukraine war, Israel-Hamas war, and Iran conflict affecting travel demand and advertiser spending
- • Heavy reliance on digital advertising platforms with generative AI possibly reducing traffic and increasing member acquisition costs
- • Competition risk from travel metasearch engines and reliance on mobile platforms requiring ongoing product innovation to avoid loss of market share
- • Negative working capital of $10.8 million with $11.7 million merchant payables and potential need for external financing under volatile market conditions
TRAVELZOO FY2025 Key Financial MetricsXBRL
Revenue
$92M
▲ +9.3% YoY
Net Income
$5M
▼ -65.4% YoY
Gross Margin
80.3%
▼ -723bp YoY
Operating Margin
7.5%
▼ -1452bp YoY
Net Margin
5.1%
▼ -1104bp YoY
ROE
-62.5%
▲ +287341bp YoY
Total Assets
$45M
▼ -17.4% YoY
EPS (Diluted)
$0.41
▼ -61.3% YoY
Operating Cash Flow
$6M
▼ -73.2% YoY
Source: XBRL data from TRAVELZOO FY2025 10-K filing on SEC EDGAR. All figures in USD.
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