Travelzoo announced financial results for the first quarter ended March 31, 2014, with revenue of $40.2 million, a decrease of 5% year-over-year. Operating profit was $7.0 million, down 13% year-over-year. Net income was $4.6 million, with diluted earnings per share of $0.31, down from $0.36 in the prior-year period.
North America business segment revenue decreased 12% year-over-year to $26.4 million. Operating profit was $4.6 million, or 17% of revenue, down from $5.5 million, or 18% of revenue, in the prior-year period.
Travelzoo launched the first phase of its hotel booking platform at the end of March. A select group of U.S. subscribers can now book hotels any night of the year through Travelzoo.