Strong increase in profits at Travelzoo

Strong increase in profits at Travelzoo

Travelzoo has reported a 36 per cent increase in operating profit for the second quarter, up to of $10.4 million.

The listing publisher said revenue in the three months to June 30th rose five per cent to $39.4 million.

Net profit was up by 48 per cent to $7.3 million.

“Our strategy of publishing high-quality deals, combined with efficient execution, has led to record operating profits in Europe and North America and an overall operating margin of 26 per cent, the highest since 2007,” Travelzoo chief executive Chris Loughlin.

“We now intend to reaccelerate growth by investing more significantly into growing our audience, expanding our mobile offerings, and continuing our sales force ramp.”