Travelzoo Surprises With a Rebound in Revenue Growth and Profitability
Skift Take
European travel booking volumes are not the only thing staging a comeback. Deals marketer Travelzoo is enjoying a renaissance, too. But, as with Europe, the verdict is still on whether the company has worked through the problems that have beset it since the financial crisis.
Travelzoo saw its earnings and revenue soar in the first quarter. The company's stock price soared 27 percent to $9.85 at the close of trading on Wednesday.
The news Wednesday suggested that the email-newsletter-focused, daily deals travel platform could continue to grow its advertising business even as it responded to the capital-intensive challenge of developing new products and services to diversify its model.
The company's first quarter 2018 revenue grew to $30.9 million, up 9 percent, year-over-year, with growth in all of its major regions.
"We want to at least double the size of the company in the next few years," said CEO Holger Bartel, who is the
