Travelzoo's Stock Takes Off After Stellar First-Quarter Results

Travelzoo, which publishes travel deals after validating their true value, reported stellar first-quarter results today, leading its stock price to jump by $17, or 23 percent, to about $91 a share. The New York company said first-quarter revenues were up 30 percent over last year, with North American sales growing at its fastest pace in four years. Europe saw the highest quarterly subscriber growth ever and returned its first significant quarterly profit. Excluding a one-time cash expense of $20 million, Travelzoo reported a profit of $6 million, up 144 percent year over year.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work