{
    "componentChunkName": "component---src-containers-call-js",
    "path": "/e/nasdaq/s/tzoo/y/2021/q/q2",
    "result": {"pageContext":{"event":{"conference_date":"2021-04-22T11:00:00-04:00","quarter":"q2","transcript":null,"transcript_preview":"b344739c-a461-4f5f-94df-067659ad8af7.json","year":"2021","audio_file":null},"transcript":{"version":2,"items":null,"speaker_groups":[{"endIndex":254,"speaker":"spk_1","startIndex":0,"start_times":[0.04,0.13,0.26,0.63,0.81,1.19,1.6,2.17,3.39,4.13,4.72,5.4,6.44,6.76,7.58,7.91,8.13,8.61,8.78,8.87,9.33,9.64,10.12,10.59,10.7,11.02,11.19,11.37,11.77,11.99,12.78,13.41,13.53,15.01,15.18,15.49,15.92,16.16,16.48,18.04,18.32,18.87,19.13,19.41,19.55,20.1,20.35,20.57,20.86,21.59,21.92,22.31,22.4,23.01,23.61,23.99,24.62,24.77,24.88,25.62,25.93,26.06,26.46,27.09,27.26,27.87,28.46,29.45,29.96,30.36,31.06,31.3,31.47,31.74,32.59,32.86,33.34,33.88,34.72,34.93,35.05,35.58,36.64,37.33,37.81,38.56,40.54,40.85,40.94,41.08,41.61,41.84,42.2,42.95,43.23,43.55,44.2,44.36,44.51,44.94,45.26,46.84,47.44,47.63,47.85,48.2,48.6,49.1,49.23,49.61,50.44,50.77,51.16,51.31,51.47,51.93,52.27,53.34,53.55,54.21,54.32,54.42,55.02,56.19,56.58,56.88,57.32,57.71,58.36,58.83,59.37,59.92,60.09,60.26,60.5,60.72,62.04,62.47,62.89,63.07,63.74,63.91,64.45,65.23,65.45,66.34,66.51,66.96,67.78,68.31,68.69,69,69.73,70.45,70.67,70.78,71.32,71.56,71.76,72.79,73.26,73.83,74.14,76.04,76.4,76.86,76.99,77.12,77.72,78.46,78.65,79.12,80.12,80.83,80.94,81.55,82,82.36,82.82,83.2,83.65,83.89,84.94,85.29,85.81,86.36,86.54,86.74,87.84,88.17,88.36,88.52,88.83,89.52,89.67,89.79,90.54,91.12,91.72,92.42,92.72,93.51,93.9,94.38,94.94,96.44,96.9,97.05,97.16,97.37,97.9,98.05,98.36,98.95,99.21,99.63,99.84,100.29,100.6,101.15,101.95,102.62,103.34,103.78,103.9,104.22,104.67,105.28,105.7,106.54,106.97,107.14,107.49,107.64,107.76,108.45,108.68,108.84,109.14,109.58,110.53,111.2],"words":["To","the","child","will","zoo","first","quarter","2021","financial","results","conference","call.","All","participants","have","been","placed","in","a","listen","only","mode","and","the","floor","will","be","open","for","questions","Following","the","presentation","to","this","call","is","being","recorded.","The","company","would","like","to","remind","you","that","all","statements","made","during","the","conference","skull","and","presented","in","the","slides","that","are","not","statements","of","historical","facts","constitute","forward","looking","statements","and","are","made","pursuant","to","deceive","harbour","provisions","of","the","private","securities","delegation","reform","Act","1995.","Out","of","all","results","get","very","materially","from","those","contained","in","the","forward","looking","statements,","factors","that","could","cause","actual","results","to","differ","materially","from","those","in","the","forward","looking","statements","are","described","in","the","company's","forms","10-K","and","thank","you","and","other","periodic","filings","over","the","S.","E.","C.","Unless","required","by","law,","the","company","undertakes","no","obligation","to","update","publicly","any","forward","looking","statements","whether","as","a","result","of","new","information,","future","events","or","otherwise.","Please","refer","to","the","company's","website","for","imported","information,","including","the","company's","earnings","press","release","issued","earlier","this","morning","on","archive","recording","of","this","conference","call","will","be","made","available","of","the","Travelzoo","investor","relations","website","at","Travelzoo","dot","com","slash","ir.","Now","it","is","my","pleasure","to","turn","the","ball","over","to","travel","this","global","ceo","Hunger","Bartel","and","it","keeps","accounting","officer","lisa","su","Lisa","will","start","with","an","overview","of","the","first","quarter","2021","financial","results."]},{"endIndex":267,"speaker":"spk_0","startIndex":255,"start_times":[114.14,114.49,114.62,116.54,116.79,117.13,117.26,117.53,117.66,117.86,118.26,118.43],"words":["Thank","you","operator","and","welcome","to","those","of","you","joining","us","today."]},{"endIndex":271,"speaker":"spk_1","startIndex":268,"start_times":[120.84,121.2,121.47,121.56],"words":["Please","open","the","management"]},{"endIndex":619,"speaker":"spk_0","startIndex":272,"start_times":[122.07,122.84,122.96,123.32,123.75,123.93,124.05,124.53,126.44,126.58,127.48,127.64,128.17,128.73,128.9,129.54,129.74,129.86,130.33,130.84,131.49,131.84,132.63,132.95,133.58,134.29,137.64,137.89,138.48,138.68,139.06,139.34,141.14,141.52,141.64,141.84,142.27,142.53,143,143.47,143.75,144.76,146.74,146.98,147.2,147.75,148.37,148.5,148.64,150.84,151.06,151.5,151.62,151.83,151.94,152.25,152.6,152.71,153.11,153.57,153.78,157.04,157.16,157.93,158.38,158.8,159.32,160.14,160.42,160.89,161.56,161.74,161.94,162.51,162.69,162.96,164.2,164.38,164.68,165.68,168.44,168.69,169.09,169.64,169.91,170.6,170.8,171.51,172.05,172.35,172.46,173.82,174.26,174.84,175.01,176.06,176.49,176.78,176.91,177.21,178.34,181.84,182.66,183.03,183.44,183.84,184.04,184.24,185.18,185.27,185.82,186.57,186.93,187.18,187.58,188.09,189.04,189.29,189.46,189.81,189.96,190.2,190.67,190.97,191.57,192.19,195.04,195.47,195.81,196.14,196.25,196.52,196.91,197.47,198.14,198.48,198.94,199.12,199.36,199.73,199.97,200.03,200.41,200.55,201.26,202.14,202.36,202.47,203,203.57,203.7,207.74,207.94,208.29,208.4,208.89,209.44,209.55,209.64,210.24,210.45,210.61,210.86,210.99,211.16,215.04,215.46,215.75,216.47,217.06,217.63,217.79,217.89,218.37,218.52,218.6,219.4,219.51,219.59,220.33,220.49,220.77,221.25,221.83,225.94,226.31,226.59,226.72,227.15,229.04,229.64,230.14,230.65,230.77,231.12,231.51,231.82,232.16,232.26,232.83,233.64,233.76,234.19,237.14,237.47,237.65,238.01,239.19,240.14,240.91,241.46,241.81,242.56,242.78,243.22,243.82,244.25,244.94,248.74,249.25,249.68,249.97,250.35,250.88,251.01,251.49,251.66,252.09,254.34,254.53,255.24,255.78,256.76,256.9,257.14,257.55,257.94,258.53,259.11,259.17,259.67,259.78,260.14,260.24,261,261.29,261.51,262.44,262.71,262.81,263.19,263.56,264.03,264.54,264.6,265.18,265.3,265.85,266,267,267.21,267.45,269.54,269.85,270.32,270.52,271.01,271.32,271.98,272.06,272.3,273.44,274.13,274.5,274.8,275.01,275.48,275.57,275.66,276.12,276.76,277.03,277.77,277.99,278.39,278.69,279.15,279.26,279.52,279.81,279.94,280.32,280.63,284.44,284.72,285.16,285.6,285.72,285.88,286.38,286.51,286.81,287.34,287.43,287.55,287.92,288.43,288.57,288.66,289.13,289.24,289.33,291.04,291.34,291.85,291.95,292.23,292.59,295.24,295.62,296.02,296.61,297.27,297.44,297.87,297.99],"words":["presentation","to","follow","along","with","our","prepared","remarks.","The","presentation","in","pdf","format","is","available","on","our","investor","relations","website","at","Travelzoo","dot","com","slash","ir.","We","begin","with","slide","#","three.","Here","you","can","see","our","Q1","revenue","was","14.3","million.","We","see","continued","improvement","in","our","business.","We","expect","to","see","the","same","trend","of","revenue","growth","in","2021.","The","stabilizing","trend","also","shows","an","And","small","loss","that","has","continued","from","Q","4","2022.","Q","1","2021.","We","also","increased","our","subscribers","from","30.2","million.","As","of","December","31","2020","to","31.8","million.","As","of","March","31","2021","On","flight.","For","travel","View","has","decided","to","provide","information","on","non","gap","operating","income","as","we","believe","it","better","explains","how","management","evaluates","performance.","Slide","four","shows","the","non","gap","operating","income","which","changed","year","over","year","from","a","loss","of","1.9","million","To","an","operating","profit","of","622,000.","We","believe","the","financial","performance","of","the","company","is","in","line","of","our","expectations","Slide","#","five","provides","details","on","the","items","that","are","excluded","in","the","calculation","of","non","gap","operating","income.","Please","turn","to","slide","six.","Our","continued","success","in","voucher","sales","keeps","pushing","the","positive","development","and","cash","balance.","As","of","March","31","2021,","Consolidated","cash","cash","equivalents","and","restricted","cash","were","72","million.","Slide","seven","and","8","detail","our","revenues","by","business","segment","When","neutralizing","FX","Changes.","The","North","America","business","segment","recorded","a","decrease","in","revenue","of","20","year","over","year","And","the","Europe","business","segment","recorded","a","decrease","in","revenue","of","52","year","over","year","While","revenues","from","local","still","stagnated","in","Q","one","advertising","revenue","picked","up","compared","to","the","previous","quarters.","As","advertisers","have","started","coming","back","to","make","use","of","travel","zoos,","reach","On","slide","nine.","You","can","see","the","quick","adjustment","of","our","cost","structure","at","the","beginning","of","the","pandemic","has","resulted","in","lower","fixed","costs.","Non","gap","operating","expenses","were","reduced","by","46%."]}],"transcripts":null,"speaker_labels":null},"buildVersion":"620","companyName":"Travelzoo","exchange":"NASDAQ","isApproved":null,"optOut":null,"isTranscriptPreview":null,"securityName":"Travelzoo","symbol":"TZOO","site":{"siteMetadata":{"title":"EarningsCall","buildVersion":"620","buildTime":"2022-04-27T04:15:55.434Z","commitId":"1f52e875","stage":"prod"}}}},
    "staticQueryHashes": []}