Filing Flows › Industrials › Travelzoo (TZOO)
Travelzoo (TZOO) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Oct 27, 2026
Q3 2026 Revenue up 3% year over year to $22.9M · 9¢ of every $1 of revenue lost · operating margin -11.2%
Travelzoo made $22.9M in Q3 2026 (+3% Y/Y). Operating margin -11.2%, net loss $2.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Oct 27, 2026 (preliminary, from the earnings release).
Drawing the Sankey…
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What changed this quarter
Revenue was $22.9M in Q3 2026, up 3% year over year and down 1% from the previous quarter.
Gross margin was 74.9%, down 4.7 points from Q3 2025. Operating costs exceeded revenue by $2.6M, an operating margin of -11.2%. Operating expenses grew 15% against revenue growth of 3%. The fastest-growing cost line was Sales & marketing (+20%). The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $2.1M loss.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 8-K | Oct 27, 2026 | $22.9M | +3% | -11.2% | −$2.0M | — |
| Q2 2026 | 10-Q | Aug 13, 2026 | $23.2M | -3% | -11.9% | −$2.1M | −$1.7M |
| Q1 2026 | 10-Q | May 14, 2026 | $24.3M | +5% | 14.2% | $2.5M | $3.9M |
| Q4 2025 | 10-K | Mar 11, 2026 | $22.5M | +9% | 2.5% | $57K | $1.5M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $22.2M | +10% | 2.2% | $150K | −$373K |
| Q2 2025 | 10-Q | Aug 12, 2025 | $23.9M | +13% | 8.6% | $1.4M | $1.3M |
| Q1 2025 | 10-Q | May 13, 2025 | $23.1M | +5% | 16.4% | $3.2M | $3.3M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Travelzoo
Travelzoo (including its subsidiaries and affiliates, the “Company” or “we”) is a global Internet media company. We operate Travelzoo®, the club for travel enthusiasts, Jack’s Flight Club®, and Travelzoo META. We reach 30 million travelers. Club Members, who pay a membership fee, receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel suppliers—give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a travel enthusiast.
In its own words, from its 10-K, filed Mar 11, 2026.
Travelzoo against its Services-Advertising peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +3% against the peers' median +8%. Operating margin: -11.2% against the peers' median -0.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TZOO Travelzoo | Q3 2026 | $22.9M | +3% | -11.2% |
| CCO Clear Channel Outdoor Holdings | Q2 2026 | $438M | +9% | 20.3% |
| ANGI Angi | Q3 2026 | $242M | -9% | 6.4% |
| THRY Thryv Holdings | Q2 2026 | $151M | -28% | -0.8% |
| IBTA Ibotta | Q3 2026 | $97.8M | +18% | 4.8% |
| MNTN Mntn | Q3 2026 | $80.3M | +15% | 10.9% |
| NCMI National CineMedia | Q2 2026 | $58.4M | +13% | -21.9% |
| FLNT Fluent | Q2 2026 | $48.4M | +8% | -10.2% |
| DRCT Direct Digital Holdings | Q2 2026 | $7.8M | -23% | -37.4% |
Source: Travelzoo 8-K on SEC EDGAR · CIK 1133311 · Services-Advertising
13F: who owns TZOO and who is buying
More on TZOO
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results