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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald