XML 40 R28.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment Reporting and Significant Customer Information (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Operating Results from Continuing Operations and Assets by Business Segment
The following is a summary of operating results by business segment (in thousands):
Three Months Ended June 30, 2024Travelzoo North
America
Travelzoo EuropeJack’s Flight Club New InitiativesConsolidated
Revenues from unaffiliated customers$14,015 $6,004 $1,099 $23 $21,141 
Intersegment revenues119 (53)(66)— — 
Total net revenues14,134 5,951 1,033 23 21,141 
Operating profit (loss)$3,717 $512 $(34)$(184)$4,011 
Three Months Ended June 30, 2023Travelzoo North
America
Travelzoo EuropeJack’s Flight Club New InitiativesConsolidated
Revenues from unaffiliated customers$13,642 $6,462 $1,011 $13 $21,128 
Intersegment revenues 491 (575)84 — — 
Total net revenues14,133 5,887 1,095 13 21,128 
Operating profit (loss)$3,753 $(239)$97 $(338)$3,273 
Six Months Ended June 30, 2024Travelzoo North
America
Travelzoo EuropeJack’s Flight Club New InitiativesConsolidated
Revenues from unaffiliated customers$28,288 $12,584 $2,199 $55 $43,126 
Intersegment revenues74 29 (103)— — 
Total net revenues28,362 12,613 2,096 55 43,126 
Operating profit (loss)$8,155 $1,894 $(133)$(314)$9,602 
Six Months Ended June 30, 2023Travelzoo North
America
Travelzoo EuropeJack’s Flight Club New InitiativesConsolidated
Revenues from unaffiliated customers$28,209 $12,540 $1,959 $21 $42,729 
Intersegment revenues 682 (766)84 — — 
Total net revenues28,891 11,774 2,043 21 42,729 
Operating profit (loss)$8,269 $218 $52 $(555)$7,984 
Schedule of Reconciliation of Assets by Business Segment
The following is a summary of assets by business segment (in thousands):
As of June 30, 2024Travelzoo North
America
Travelzoo EuropeJack’s Flight ClubNew InitiativesEliminationConsolidated
Long-lived assets$116 $124 $— $259 $— $499 
Total assets excluding discontinued operations$98,898 $22,091 $19,673 $3,436 $(92,586)$51,512 
As of December 31, 2023Travelzoo North
America
Travelzoo EuropeJack’s Flight ClubNew InitiativesEliminationConsolidated
Long-lived assets$152 $106 $— $320 $— $578 
Total assets excluding discontinued operations$96,865 $22,655 $19,472 $3,570 $(87,181)$55,381 
Schedule of Breakdown of Revenues by Type and Segment
The following table sets forth the breakdown of revenues (in thousands) by category: Advertising, Membership Fees, and Other. Advertising includes travel publications (Top 20, Travelzoo website, Standalone email newsletters, Travelzoo Network), Getaways vouchers, hotel platform, vacation packages, Local Deals vouchers and entertainment offers (vouchers and direct bookings). Membership Fees includes subscription fees paid by Travelzoo, Jack's Flight Club and Travelzoo META members. Travelzoo and Jack's Flight Club members. Other includes licensing fees from license agreements and the existing retail business acquired by the Company in the MTE transaction.
Three Months EndedSix Months Ended
 June 30,June 30,
 2024202320242023
Advertising$19,957 $20,020 $40,807 $40,665 
Membership Fees1,161 1,095 2,265 2,043 
Other23 13 54 21 
Total revenues$21,141 $21,128 $43,126 $42,729 
Schedule of Revenue and Long Lived Assets by Geographical Location The following table sets forth revenue for countries that exceed 10% of total revenue (in thousands):
Three Months EndedSix Months Ended
June 30,June 30,
 2024202320242023
Revenue
United States $12,805 $12,749 $25,576 $26,222 
United Kingdom4,855 4,858 10,370 9,820 
Germany1,796 1,738 3,667 3,233 
Rest of the world1,685 1,783 3,513 3,454 
Total revenues$21,141 $21,128 $43,126 $42,729 
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country
The following table sets forth property and equipment by geographic area (in thousands):  
 June 30,December 31,
 20242023
United States $105 $115 
China (Hong Kong)250 308 
Rest of the world 144 155 
Total long-lived assets$499 $578