Travelzoo (TZOO)
Market Price (12/4/2025): $7.04 | Market Cap: $78.4 MilSector: Communication Services | Industry: Interactive Media & Services
Travelzoo (TZOO)
Market Price (12/4/2025): $7.04Market Cap: $78.4 MilSector: Communication ServicesIndustry: Interactive Media & Services
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.5%, FCF Yield is 12% | Weak multi-year price returns2Y Excs Rtn is -75%, 3Y Excs Rtn is -44% | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% | ||
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43% | ||
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, and Online Marketplaces. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.5%, FCF Yield is 12% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and E-commerce & Digital Retail. Themes include Travel & Leisure Tech, and Online Marketplaces. |
| Weak multi-year price returns2Y Excs Rtn is -75%, 3Y Excs Rtn is -44% |
Valuation, Metrics & Events
TZOO Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
For the approximate time period from August 31, 2025, to December 4, 2025, Travelzoo (TZOO) stock moved by -27.6% due to several key factors:
1. Q2 2025 Earnings Report Highlighting Pressure on Profitability: Travelzoo's shares tumbled 9.93% on July 23, 2025, following the release of its Q2 2025 earnings. Despite a 13% year-over-year revenue growth to $23.9 million, operating profit declined to $2.1 million from $4.0 million in the prior year, as the company invested heavily in its membership strategy. The operating margin decreased to 9% in Q2 2025, down from 22% in 2024 and 16% in Q1 2025.
2. Missed Q3 2025 Earnings and Revenue Estimates: On October 28, 2025, Travelzoo reported Q3 earnings of $0.01 per share, significantly missing the Zacks Consensus Estimate of $0.14 per share, and revenue of $22.2 million, which also fell short of expectations. This marked a substantial earnings surprise of -92.86%.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TZOO Return | -12% | -0% | -53% | 114% | 109% | -66% | -36% |
| Peers Return | 25% | 20% | -45% | -33% | 19% | -33% | -56% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| TZOO Win Rate | 50% | 42% | 42% | 58% | 50% | 20% | |
| Peers Win Rate | 32% | 32% | 25% | 32% | 33% | 50% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| TZOO Max Drawdown | -71% | -8% | -56% | 0% | -23% | -67% | |
| Peers Max Drawdown | -29% | -17% | -54% | -43% | -20% | -40% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: GAIA, FLNT, LEE, RENT, STUB. 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] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | TZOO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -77.6% | -25.4% |
| % Gain to Breakeven | 346.2% | 34.1% |
| Time to Breakeven | 684 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -73.7% | -33.9% |
| % Gain to Breakeven | 280.0% | 51.3% |
| Time to Breakeven | 310 days | 148 days |
| 2018 Correction | ||
| % Loss | -63.9% | -19.8% |
| % Gain to Breakeven | 177.3% | 24.7% |
| Time to Breakeven | 192 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -90.4% | -56.8% |
| % Gain to Breakeven | 936.4% | 131.3% |
| Time to Breakeven | 673 days | 1480 days |
Compare to GAIA, FLNT, LEE, RENT, STUB
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.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
Trade Ideas
Select past ideas related to TZOO. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 4.9% | 4.9% | 0.0% | |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | -1.2% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 6.8% | 6.8% | 0.0% |
| 11072025 | IRDM | Iridium Communications | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.1% | 2.1% | -5.6% |
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -25.1% | -25.1% | -25.6% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 4.9% | 4.9% | 0.0% | |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | -1.2% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 6.8% | 6.8% | 0.0% |
| 11072025 | IRDM | Iridium Communications | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.1% | 2.1% | -5.6% |
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -25.1% | -25.1% | -25.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Travelzoo
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 4.30 |
| Mkt Cap | 0.0 |
| Rev LTM | 230 |
| Op Inc LTM | -6 |
| FCF LTM | -4 |
| FCF 3Y Avg | -6 |
| CFO LTM | 4 |
| CFO 3Y Avg | 0 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.2% |
| Rev Chg 3Y Avg | 4.5% |
| Rev Chg Q | 2.5% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Mgn LTM | -6.5% |
| Op Mgn 3Y Avg | -5.2% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 1.3% |
| CFO/Rev 3Y Avg | 0.0% |
| FCF/Rev LTM | -1.0% |
| FCF/Rev 3Y Avg | -2.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.0 |
| P/S | 0.2 |
| P/EBIT | -1.9 |
| P/E | -0.9 |
| P/CFO | 22.5 |
| Total Yield | -55.8% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -10.1% |
| D/E | 0.6 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -12.7% |
| 3M Rtn | -13.2% |
| 6M Rtn | -37.5% |
| 12M Rtn | -52.6% |
| 3Y Rtn | -74.0% |
| 1M Excs Rtn | -12.7% |
| 3M Excs Rtn | -21.3% |
| 6M Excs Rtn | -52.2% |
| 12M Excs Rtn | -66.9% |
| 3Y Excs Rtn | -148.4% |
Segment Financials
Revenue by Segment
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Travelzoo North America | 56 | 48 | |||
| Travelzoo Europe | 24 | 19 | |||
| Jack's Flight Club | 4 | 3 | 3 | 4 | |
| New Initiatives | 0 | 0 | |||
| Local | 5 | 4 | 15 | ||
| Travel | 54 | 46 | 90 | ||
| Total | 84 | 71 | 63 | 54 | 105 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Travelzoo North America | 15 | 10 | |||
| Travelzoo Europe | 1 | -2 | |||
| Jack's Flight Club | -0 | 0 | |||
| New Initiatives | -1 | -1 | |||
| Total | 16 | 8 |
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8122025 | 10-Q 6/30/2025 |
| 3312025 | 5132025 | 10-Q 3/31/2025 |
| 12312024 | 3192025 | 10-K 12/31/2024 |
| 9302024 | 11082024 | 10-Q 9/30/2024 |
| 6302024 | 8092024 | 10-Q 6/30/2024 |
| 3312024 | 5152024 | 10-Q 3/31/2024 |
| 12312023 | 3222024 | 10-K 12/31/2023 |
| 9302023 | 11082023 | 10-Q 9/30/2023 |
| 6302023 | 8142023 | 10-Q 6/30/2023 |
| 3312023 | 5122023 | 10-Q 3/31/2023 |
| 12312022 | 3312023 | 10-K 12/31/2022 |
| 9302022 | 11142022 | 10-Q 9/30/2022 |
| 6302022 | 8102022 | 10-Q 6/30/2022 |
| 3312022 | 5122022 | 10-Q 3/31/2022 |
| 12312021 | 3312022 | 10-K 12/31/2021 |
| 9302021 | 11082021 | 10-Q 9/30/2021 |
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