Tearsheet

Travelzoo (TZOO)


Market Price (3/21/2026): $6.24 | Market Cap: $62.2 Mil
Sector: Communication Services | Industry: Interactive Media & Services

Travelzoo (TZOO)


Market Price (3/21/2026): $6.24
Market Cap: $62.2 Mil
Sector: Communication Services
Industry: Interactive Media & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%, FCF Yield is 9.0%
Weak multi-year price returns
2Y Excs Rtn is -66%, 3Y Excs Rtn is -37%
Key risks
TZOO key risks include [1] a failure to execute its strategic transition to a paid membership model and [2] intense competition from larger, Show more.
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -44%
  
2 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, and Online Marketplaces.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%, FCF Yield is 9.0%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -44%
2 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, and Online Marketplaces.
3 Weak multi-year price returns
2Y Excs Rtn is -66%, 3Y Excs Rtn is -37%
4 Key risks
TZOO key risks include [1] a failure to execute its strategic transition to a paid membership model and [2] intense competition from larger, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Travelzoo (TZOO) stock has lost about 10% since 11/30/2025 because of the following key factors:

1. Travelzoo (TZOO) reported a significant miss in its fourth-quarter 2025 earnings, leading to an immediate stock price decline. The company posted an Earnings Per Share (EPS) of $0.10, falling short of the expected $0.11, representing a 9.09% negative surprise. Revenue also missed forecasts, coming in at $22.5 million against an anticipated $22.79 million, a 1.27% shortfall. Following this announcement on February 19, 2026, Travelzoo's stock dropped 11.82% in pre-market trading.

2. Increased marketing expenses dramatically reduced operating income and pressured profitability. The company significantly boosted its marketing spend to acquire new "Club Members," with these costs expensed immediately while membership revenue is recognized over a 12-month subscription period. This strategy led to a sharp decrease in operating income, plummeting from $4.9 million in Q4 2024 to just $0.6 million in Q4 2025. Consequently, operating margins declined throughout 2025, falling from 16% in Q1 to 2% by Q4.

Show more

Stock Movement Drivers

Fundamental Drivers

The -12.4% change in TZOO stock from 11/30/2025 to 3/20/2026 was primarily driven by a -42.0% change in the company's Net Income Margin (%).
(LTM values as of)113020253202026Change
Stock Price ($)7.116.23-12.4%
Change Contribution By: 
Total Revenues ($ Mil)90922.0%
Net Income Margin (%)8.8%5.1%-42.0%
P/E Multiple9.813.234.2%
Shares Outstanding (Mil)111010.3%
Cumulative Contribution-12.4%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/20/2026
ReturnCorrelation
TZOO-12.4% 
Market (SPY)-4.8%27.7%
Sector (XLC)-2.7%18.8%

Fundamental Drivers

The -36.5% change in TZOO stock from 8/31/2025 to 3/20/2026 was primarily driven by a -59.0% change in the company's Net Income Margin (%).
(LTM values as of)83120253202026Change
Stock Price ($)9.816.23-36.5%
Change Contribution By: 
Total Revenues ($ Mil)88924.4%
Net Income Margin (%)12.5%5.1%-59.0%
P/E Multiple10.013.232.7%
Shares Outstanding (Mil)111011.8%
Cumulative Contribution-36.5%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/20/2026
ReturnCorrelation
TZOO-36.5% 
Market (SPY)1.1%27.8%
Sector (XLC)1.1%24.8%

Fundamental Drivers

The -62.2% change in TZOO stock from 2/28/2025 to 3/20/2026 was primarily driven by a -69.3% change in the company's Net Income Margin (%).
(LTM values as of)22820253202026Change
Stock Price ($)16.476.23-62.2%
Change Contribution By: 
Total Revenues ($ Mil)84928.7%
Net Income Margin (%)16.7%5.1%-69.3%
P/E Multiple14.313.2-7.3%
Shares Outstanding (Mil)121022.2%
Cumulative Contribution-62.2%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/20/2026
ReturnCorrelation
TZOO-62.2% 
Market (SPY)10.4%34.5%
Sector (XLC)11.0%35.2%

Fundamental Drivers

The 25.1% change in TZOO stock from 2/28/2023 to 3/20/2026 was primarily driven by a 274.5% change in the company's Net Income Margin (%).
(LTM values as of)22820233202026Change
Stock Price ($)4.986.2325.1%
Change Contribution By: 
Total Revenues ($ Mil)669239.7%
Net Income Margin (%)1.4%5.1%274.5%
P/E Multiple69.313.2-80.9%
Shares Outstanding (Mil)121025.3%
Cumulative Contribution25.1%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/20/2026
ReturnCorrelation
TZOO25.1% 
Market (SPY)70.3%27.9%
Sector (XLC)116.0%25.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TZOO Return-0%-53%114%109%-64%-9%-31%
Peers Return-0%-41%55%7%26%-27%-11%
S&P 500 Return27%-19%24%23%16%-3%76%

Monthly Win Rates [3]
TZOO Win Rate42%42%58%50%25%67% 
Peers Win Rate46%37%56%54%46%17% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
TZOO Max Drawdown-8%-56%0%-23%-67%-29% 
Peers Max Drawdown-22%-49%-21%-28%-22%-36% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-3% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: BKNG, EXPE, TRIP, GRPN. See TZOO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/20/2026 (YTD)

How Low Can It Go

Unique KeyEventTZOOS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-77.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven346.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven684 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-73.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven280.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven310 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-63.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven177.3%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven192 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-90.4%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven936.4%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven673 days1,480 days

Compare to BKNG, EXPE, TRIP, GRPN

In The Past

Travelzoo's stock fell -77.6% during the 2022 Inflation Shock from a high on 4/5/2021. A -77.6% loss requires a 346.2% gain to breakeven.

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About Travelzoo (TZOO)

Travelzoo, an Internet media company, provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. Its publications and products include Travelzoo Website; Travelzoo iPhone and Android apps; Travelzoo Top 20 email newsletter; and Newsflash email alert service. The company also operates the Travelzoo Network, a network of third-party Websites that list travel deals published by the company; and Local Deals and Getaway listings, which allow its members to purchase vouchers for deals from local businesses, such as spas, hotels, and restaurants. It serves airlines, hotels, cruise lines, vacations packagers, tour operators, destinations, car rental companies, travel agents, theater and performing arts groups, restaurants, spas, and activity companies. Travelzoo Inc. was founded in 1998 and is headquartered in New York, New York.

AI Analysis | Feedback

Here are 1-3 brief analogies for Travelzoo:

  • Like Groupon, but specialized in curating and publishing premium travel, entertainment, and local experiences.
  • An Expedia or Booking.com, but focused on finding and publishing deeply discounted travel and entertainment deals rather than general bookings.

AI Analysis | Feedback

  • Travelzoo Website and Apps: Digital platforms where members can discover and access travel, entertainment, and local deals.
  • Travelzoo Top 20 email newsletter: A weekly email publication highlighting a curated selection of the best travel and entertainment deals.
  • Newsflash email alert service: An email notification service providing members with urgent or time-sensitive deal alerts.
  • Travelzoo Network: A network of third-party websites that publish and distribute travel deals sourced by Travelzoo.
  • Local Deals and Getaway listings: A service enabling members to purchase vouchers for deals offered by local businesses like spas, hotels, and restaurants.

AI Analysis | Feedback

Travelzoo (TZOO) primarily serves other businesses (B2B) that wish to promote their travel, entertainment, and local deals to Travelzoo's audience of individual consumers. Its major customers fall into the following categories:

  • Travel Providers: This includes airlines, hotels, cruise lines, vacation packagers, tour operators, destinations, car rental companies, and travel agents.
  • Entertainment & Local Businesses: This category encompasses theater and performing arts groups, restaurants, spas, and various activity companies.

The provided background information specifies these categories of customers rather than individual named companies. Therefore, specific public company names and their symbols cannot be identified from the given description.

AI Analysis | Feedback

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AI Analysis | Feedback

Holger Bartel, Global Chief Executive Officer
Holger Bartel has served as Travelzoo's Global Chief Executive Officer since January 2016, and previously held the CEO position from October 2008 to June 2010. He joined Travelzoo in 1999 as Vice-President of Sales and Marketing and was Executive Vice President from September 1999 to November 2007. Prior to his tenure at Travelzoo, Mr. Bartel was an Engagement Manager at McKinsey & Company, a global management consulting firm, from 1995 to 1998, and a research fellow at Harvard Business School from 1992 to 1994. He holds a Ph.D. in Economics and an MBA in finance and accounting from the University of St. Gallen, Switzerland. He is the brother of Travelzoo founder, Ralph Bartel.

Christina Sindoni Ciocca, Chairman of the Board, Chief Membership Officer and General Counsel
Christina Sindoni Ciocca has served as the Chairman of Travelzoo's Board since December 2022. She assumed the roles of Chief Membership Officer and General Counsel for Travelzoo in January 2026, and has been the CEO of Jack's Flight Club, a Travelzoo segment, since June 2019. Her prior roles at Travelzoo include General Counsel and Head of Global Functions since April 2022, General Counsel since June 2019, and Counsel since April 2018. Before joining Travelzoo, Ms. Ciocca worked as an attorney at Sidley Austin LLP, specializing in mergers & acquisitions in Chicago and New York from September 2014 to March 2018. She earned her juris doctor degree from the University of Notre Dame Law School and a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania. Earlier in her career, she worked in digital marketing, including for American Express.

Lijun Qi, Chief Accounting Officer
Lijun Qi holds the position of Chief Accounting Officer and was designated as the principal accounting officer for Travelzoo effective March 31, 2023. She has served as the company's Finance Director since December 2016. Before her time at Travelzoo, Ms. Qi was the Director of Financial Reporting and Technical Accounting at IvenSense Inc. from September 2014, and a Senior Manager of Financial Reporting, Technical Accounting, and SOX Compliance at Meru Networks Inc. from October 2010. She is a Certified Public Accountant and holds a Master of Science in accounting from Widener University and a Bachelor of Arts from Shenyang University.

Ralph Bartel, Founder and Chief Talent Officer
Ralph Bartel founded Travelzoo in May 1998. He previously served as CEO from 1998 to September 2008 and as Chairman of the Board from May 2017 to December 2022. Mr. Bartel's current role is Chief Talent Officer. He is a professionally trained journalist and holds multiple advanced degrees, including a Ph.D. in communications from the University of Mainz, a master's degree in journalism from the University of Eichstaett, and a Ph.D. in Economics and an MBA in finance and accounting from the University of St. Gallen. He launched Travelzoo from his parents' home in Hamburg, Germany, initially building a subscriber base by offering shares of the company's stock. As of December 2025, he held approximately 33.5% of Travelzoo's common shares outstanding, and his trust is the controlling shareholder of Azzurro, Travelzoo's largest stockholder.

James Clarke, General Manager, UK
James Clarke was appointed as Travelzoo's General Manager for the UK, effective December 3, 2018. Prior to joining Travelzoo, Mr. Clarke spent 12 years at Fleetway, a London-based travel company, where he served as CEO starting in 2015. At Fleetway, he led various functions including E-commerce, operations, and business development. He holds a bachelor's degree in Tourism Management. Mr. Clarke has also served as a Code of Conduct committee member for ABTA, the UK's largest travel association.

AI Analysis | Feedback

Here are the key risks to Travelzoo's business:

  1. Transition to a Paid Membership Model and Execution Risk: Travelzoo is undergoing a significant strategic shift from a primarily advertising-based model to a paid membership subscription service. This transition carries substantial execution risk, including the challenge of converting existing free members to paying subscribers, retaining these paying members, and continuously demonstrating sufficient exclusive value to justify the membership fee. The success of this pivot is critical for the company's future revenue stability and profitability, with potential for increased costs exceeding revenue if not executed effectively.
  2. Intense Competition and Maintaining Market Relevance: Travelzoo operates in a highly competitive online travel and deals market. The company faces significant competition from larger online travel agencies (OTAs) such as Expedia, major search engines like Google, and other deal aggregators and platforms. The ability to attract and retain both members and advertisers is continually challenged by rival offerings, evolving consumer behaviors (e.g., favoring mobile platforms, social media, and super-app ecosystems), and technological advancements. Failure to differentiate its offerings and adapt to these market dynamics could limit its growth and impact its ability to secure exclusive deals.
  3. Sensitivity to Macroeconomic Conditions and Travel Industry Disruptions: Travelzoo's business is highly susceptible to broader macroeconomic factors, including economic recessions, inflation, and geopolitical events, which can significantly influence consumer discretionary spending on travel and entertainment. Any disruptions to the global travel industry, such as new waves of pandemics or other unforeseen events, could reduce demand for travel services and subsequently impact advertising expenditures from their partners and member engagement, thereby negatively affecting Travelzoo's financial performance.

AI Analysis | Feedback

The increasing integration and dominance of major tech platforms, particularly Google, in travel search, deal aggregation, and direct booking represents a clear emerging threat to Travelzoo. Google's expansive travel products (such as Google Flights, Google Hotels, and Google Travel) are continuously improving to directly surface deals, provide comprehensive comparison tools, and facilitate bookings directly within their ecosystem. This trend reduces the necessity for consumers to visit specialized third-party deal aggregators like Travelzoo, as a significant portion of travel planning and deal discovery is absorbed by these powerful, integrated platforms.

AI Analysis | Feedback

Travelzoo (symbol: TZOO) operates in the addressable markets of online travel, entertainment, and local deals across North America, Europe, and Asia Pacific.

North America

  • Online Travel Market: The North America online travel market was valued at USD 166.1 billion in 2025 and is projected to reach USD 370.1 billion by 2034. Another source indicates the market size was USD 258.03 billion in 2025 and is estimated to grow to USD 449.45 billion by 2031.
  • Online Entertainment Market: The North America online entertainment market was valued at approximately USD 49.93 billion in 2025, representing 44.86% of the global market.
  • Online Event Ticketing Market: North America is the largest market for online event ticketing. The global online event ticketing market is projected to be USD 64.68 billion in 2025. Based on a 36.2% share in 2022, the North America market for online event ticketing can be estimated at approximately USD 23.41 billion in 2025.

Europe

  • Online Travel Market: The Europe online travel market was valued at USD 108.37 billion in 2025, is estimated to reach USD 117.70 billion in 2026, and is projected to reach USD 227.90 billion by 2034. Other estimations place the market at USD 156.8 billion in 2025, projected to reach USD 352.0 billion by 2034.

Asia Pacific

  • Online Travel Market: The Asia Pacific online travel agencies market generated a revenue of USD 157,804.5 million in 2024 and is expected to reach USD 275,157.7 million by 2030. The online travel booking service market in Asia Pacific was valued at USD 140,232.4 million in 2021 and is projected to reach USD 324,143.4 million by 2030.

Global

  • Online Entertainment Market: The global online entertainment market size was valued at USD 111.3 billion in 2025 and is projected to grow to USD 340.83 billion by 2034.
  • Online Event Ticketing Market: The global online event ticketing market will grow from USD 64.68 billion in 2025 to USD 96.25 billion by 2031.

AI Analysis | Feedback

Travelzoo (NASDAQ: TZOO) is strategically positioning itself for future revenue growth over the next 2-3 years by focusing on several key drivers, primarily centered around its paid Club Membership model.

  1. Growth in Paid Club Memberships: Travelzoo is heavily investing in acquiring new Club Members, with the expectation that recurring membership fees will become a more stable and predictable revenue stream and a significantly larger share of total revenue. Management aims for membership fees to constitute approximately 25% of total revenue in 2026. The company is actively working to convert its existing "Legacy Members" to paid Club Members, which is expected to drive continued revenue growth as these fees are recognized ratably over the 12-month subscription period.
  2. Expansion of Club Member Benefits and Exclusive Offers: To enhance the value proposition for its Club Members and foster retention while attracting new affluent travel enthusiasts, Travelzoo is continually expanding its exclusive offers and member benefits. Recent additions include complimentary airport lounge access and a 24/7 Travel Enthusiast Hotline. The company also plans to introduce new offerings like curated "culinary journeys" in the coming months.
  3. Geographic Growth and Expansion of Jack's Flight Club: Travelzoo anticipates continued revenue growth from its key geographic segments, North America and Europe. Additionally, Jack's Flight Club, a 60%-owned subscription service, is a notable growth driver, having expanded its team and marketing efforts, leading to increased premium subscribers and revenue. There is a specific focus on further penetration of the Canadian and US markets for Jack's Flight Club.
  4. Development and Monetization of New Initiatives: The company is exploring new revenue streams through initiatives such as Travelzoo META, with the first metaverse travel experiences expected to be available in Q2 2026 as a benefit of Club Membership. Licensing revenue, particularly from regions like Australia and Japan, is also expected to increase and contribute to future growth.

AI Analysis | Feedback

Share Repurchases

  • Travelzoo's board of directors authorized a new share repurchase program for up to 1,000,000 shares of its outstanding common stock on March 5, 2026.
  • The company repurchased $12.964 million in shares in 2025, $18.929 million in 2024, and $16.781 million in 2023.
  • From 2023 to 2025, Travelzoo repurchased a total of $51 million of its shares.

Share Issuance

  • Travelzoo's shares outstanding have generally decreased over the last few years, indicating share repurchases rather than significant issuances. Shares outstanding were 10.987 million as of March 2026 and at the end of 2025, down from 11.83 million in 2024 and 13.87 million in 2023.

Outbound Investments

  • Travelzoo acquired 60% of Jack's Flight Club on January 13, 2020, which has since become one of its operating segments.
  • The company is investing in newer lines such as Travelzoo META metaverse experiences, which it plans to bundle as a club benefit in 2026.

Capital Expenditures

  • Net cash used in investing activities was $65,000 in 2025, compared to $177,000 in 2024.
  • Capital expenditures in the last 12 months were approximately -$65,000.
  • Travelzoo invested $15,000 in capital expenditures in Q3 2025.

Better Bets vs. Travelzoo (TZOO)

Latest Trefis Analyses

Trade Ideas

Select ideas related to TZOO.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
YELP_2132026_Dip_Buyer_High_CFO_Margins_ExInd_DE02132026YELPYelpDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
6.2%6.2%-5.7%
TRIP_2132026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG02132026TRIPTripadvisorDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
5.2%5.2%0.0%
OMC_2062026_Dip_Buyer_FCFYield02062026OMCOmnicomDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
22.1%22.1%-3.7%
MGNI_2062026_Dip_Buyer_High_CFO_Margins_ExInd_DE02062026MGNIMagniteDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
20.6%20.6%-0.8%
RBLX_1302026_Dip_Buyer_High_CFO_Margins_ExInd_DE01302026RBLXRobloxDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
4.4%4.4%-7.9%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

TZOOBKNGEXPETRIPGRPNMedian
NameTravelzooBooking Expedia Tripadvi.Groupon  
Mkt Price6.234,324.04235.189.3511.4311.43
Mkt Cap0.1138.828.91.10.51.1
Rev LTM9226,91714,7331,8914981,891
Op Inc LTM79,2822,16312213122
FCF LTM69,0873,11016350163
FCF 3Y Avg127,9932,428135-3135
CFO LTM69,4093,88024564245
CFO 3Y Avg128,3593,21820814208

Growth & Margins

TZOOBKNGEXPETRIPGRPNMedian
NameTravelzooBooking Expedia Tripadvi.Groupon  
Rev Chg LTM9.3%13.4%7.6%3.1%1.2%7.6%
Rev Chg 3Y Avg9.4%16.5%8.1%8.5%-5.7%8.5%
Rev Chg Q8.7%16.0%11.4%0.0%1.8%8.7%
QoQ Delta Rev Chg LTM2.0%3.4%2.5%0.0%0.5%2.0%
Op Mgn LTM7.5%34.5%14.7%6.5%2.6%7.5%
Op Mgn 3Y Avg16.0%31.2%12.9%6.9%0.5%12.9%
QoQ Delta Op Mgn LTM-4.9%-0.0%0.9%-1.2%0.7%-0.0%
CFO/Rev LTM6.2%35.0%26.3%13.0%12.9%13.0%
CFO/Rev 3Y Avg14.7%34.8%23.3%11.3%3.0%14.7%
FCF/Rev LTM6.1%33.8%21.1%8.6%10.0%10.0%
FCF/Rev 3Y Avg14.5%33.3%17.5%7.4%-0.4%14.5%

Valuation

TZOOBKNGEXPETRIPGRPNMedian
NameTravelzooBooking Expedia Tripadvi.Groupon  
Mkt Cap0.1138.828.91.10.51.1
P/S0.75.22.00.60.90.9
P/EBIT9.016.415.310.4-14.910.4
P/E13.225.722.327.8-5.622.3
P/CFO11.014.77.44.57.27.4
Total Yield7.6%4.8%5.2%3.6%-18.0%4.8%
Dividend Yield0.0%0.9%0.7%0.0%0.0%0.0%
FCF Yield 3Y Avg8.2%5.3%9.2%6.2%-3.1%6.2%
D/E0.10.10.21.10.80.2
Net D/E-0.10.00.00.20.10.0

Returns

TZOOBKNGEXPETRIPGRPNMedian
NameTravelzooBooking Expedia Tripadvi.Groupon  
1M Rtn9.9%1.5%15.7%-10.6%-15.3%1.5%
3M Rtn-13.2%-19.6%-18.5%-32.6%-31.2%-19.6%
6M Rtn-39.0%-20.2%6.1%-50.3%-49.2%-39.0%
12M Rtn-54.9%-5.1%37.0%-37.6%-30.8%-30.8%
3Y Rtn36.0%71.3%145.6%-51.5%171.5%71.3%
1M Excs Rtn28.5%13.3%23.2%-6.4%-6.6%13.3%
3M Excs Rtn-13.1%-15.7%-13.5%-32.2%-26.4%-15.7%
6M Excs Rtn-37.7%-18.3%8.3%-49.3%-47.1%-37.7%
12M Excs Rtn-69.7%-19.8%22.8%-51.5%-46.6%-46.6%
3Y Excs Rtn-37.4%15.2%91.8%-116.6%56.9%15.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Travelzoo North America55    
Travelzoo Europe24    
Jack's Flight Club5   4
New Initiatives0    
Local    4
Travel    46
Total84   54


Operating Income by Segment
$ Mil20252024202320222021
Travelzoo North America16    
Travelzoo Europe3    
Jack's Flight Club0    
New Initiatives-1    
Total18    


Price Behavior

Price Behavior
Market Price$6.23 
Market Cap ($ Bil)0.1 
First Trading Date08/28/2002 
Distance from 52W High-61.4% 
   50 Days200 Days
DMA Price$6.02$8.84
DMA Trenddowndown
Distance from DMA3.5%-29.5%
 3M1YR
Volatility60.8%62.6%
Downside Capture178.18145.63
Upside Capture142.4438.85
Correlation (SPY)27.2%29.8%
TZOO Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta3.492.481.921.481.201.18
Up Beta3.114.184.243.121.151.07
Down Beta1.340.490.700.891.211.07
Up Capture609%272%155%48%46%178%
Bmk +ve Days9203170142431
Stock +ve Days11162352113363
Down Capture269%294%200%173%137%108%
Bmk -ve Days12213054109320
Stock -ve Days10253770135384

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TZOO
TZOO-57.1%62.5%-1.12-
Sector ETF (XLC)16.7%18.2%0.7131.7%
Equity (SPY)15.8%18.9%0.6430.8%
Gold (GLD)48.2%27.0%1.45-2.0%
Commodities (DBC)17.8%17.4%0.834.5%
Real Estate (VNQ)1.0%16.4%-0.1126.5%
Bitcoin (BTCUSD)-19.0%44.2%-0.3518.4%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TZOO
TZOO-19.7%63.8%-0.08-
Sector ETF (XLC)9.3%20.7%0.3730.6%
Equity (SPY)11.8%17.0%0.5429.3%
Gold (GLD)20.7%17.5%0.973.7%
Commodities (DBC)10.9%19.0%0.4610.4%
Real Estate (VNQ)2.8%18.8%0.0621.7%
Bitcoin (BTCUSD)4.7%56.7%0.3016.2%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TZOO
TZOO-3.2%66.3%0.24-
Sector ETF (XLC)9.2%22.4%0.4932.3%
Equity (SPY)14.2%17.9%0.6832.6%
Gold (GLD)13.3%15.7%0.701.2%
Commodities (DBC)8.3%17.6%0.3914.3%
Real Estate (VNQ)5.0%20.7%0.2128.5%
Bitcoin (BTCUSD)66.9%66.8%1.0610.7%

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Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity0.9 Mil
Short Interest: % Change Since 21520260.9%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest3.8 days
Basic Shares Quantity10.0 Mil
Short % of Basic Shares9.0%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/19/20266.9%30.7%23.4%
10/28/2025-2.2%-10.6%-14.9%
7/23/2025-11.2%-19.1%-24.1%
2/25/202510.4%5.3%1.7%
10/23/20242.9%18.6%30.9%
7/25/20247.5%9.0%27.8%
2/28/20245.9%-0.4%14.1%
10/24/20238.0%7.7%43.2%
...
SUMMARY STATS   
# Positive11910
# Negative8109
Median Positive6.6%7.5%18.7%
Median Negative-5.7%-10.2%-12.0%
Max Positive10.4%30.7%43.2%
Max Negative-11.2%-19.9%-53.8%

SEC Filings

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Report DateFiling DateFiling
12/31/202503/11/202610-K
09/30/202511/10/202510-Q
06/30/202508/12/202510-Q
03/31/202505/13/202510-Q
12/31/202403/19/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/15/202410-Q
12/31/202303/22/202410-K
09/30/202311/08/202310-Q
06/30/202308/14/202310-Q
03/31/202305/12/202310-Q
12/31/202203/31/202310-K
09/30/202211/14/202210-Q
06/30/202208/10/202210-Q
03/31/202205/12/202210-Q

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Azzurro, Capital Inc Shares sold were directly owned by Azzurro Capital Inc.Sell122920257.0822,500159,30026,356,688Form
2Azzurro, Capital Inc Shares sold were directly owned by Azzurro Capital Inc.Sell122920257.0120,000140,20025,955,899Form
3Azzurro, Capital Inc Shares sold were directly owned by Azzurro Capital Inc.Sell122920256.9740,000278,80025,528,991Form
4Azzurro, Capital Inc Shares sold were directly owned by Azzurro Capital Inc.Sell121520257.095,00035,45026,659,790Form
5Azzurro, Capital Inc Shares sold were directly owned by Azzurro Capital Inc.Sell121520257.5615,000113,40028,313,682Form