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v3.24.3

Segment Reporting and Significant Customer Information (Tables) | 9 Months Ended
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Sep. 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 September 30, 2024 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Consolidated
Revenues from unaffiliated customers | $ | 12,846 |  |  | $ | 6,021 |  |  | $ | 1,198 |  |  | $ | 33 |  |  | $ | 20,098 |
Intersegment revenues | (24) |  |  | (3) |  |  | 27 |  |  | — |  |  | — |
Total net revenues | 12,822 |  |  | 6,018 |  |  | 1,225 |  |  | 33 |  |  | 20,098 |
Operating profit (loss) | $ | 3,150 |  |  | $ | 1,028 |  |  | $ | 27 |  |  | $ | (160) |  |  | $ | 4,045 |
Three Months Ended September 30, 2023 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Consolidated
Revenues from unaffiliated customers | $ | 13,094 |  |  | $ | 6,397 |  |  | $ | 1,080 |  |  | $ | 28 |  |  | $ | 20,599 |
Intersegment revenues | 314 |  |  | (414) |  |  | 100 |  |  | — |  |  | — |
Total net revenues | 13,408 |  |  | 5,983 |  |  | 1,180 |  |  | 28 |  |  | 20,599 |
Operating profit (loss) | $ | 3,015 |  |  | $ | 267 |  |  | $ | 144 |  |  | $ | (317) |  |  | $ | 3,109 |
Nine Months Ended September 30, 2024 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Consolidated
Revenues from unaffiliated customers | $ | 41,134 |  |  | $ | 18,605 |  |  | $ | 3,397 |  |  | $ | 88 |  |  | $ | 63,224 |
Intersegment revenues | 50 |  |  | 26 |  |  | (76) |  |  | — |  |  | — |
Total net revenues | 41,184 |  |  | 18,631 |  |  | 3,321 |  |  | 88 |  |  | 63,224 |
Operating profit (loss) | $ | 11,305 |  |  | $ | 2,922 |  |  | $ | (106) |  |  | $ | (474) |  |  | $ | 13,647 |
Nine Months Ended September 30, 2023 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Consolidated
Revenues from unaffiliated customers | $ | 41,303 |  |  | $ | 18,937 |  |  | $ | 3,039 |  |  | $ | 49 |  |  | $ | 63,328 |
Intersegment revenues | 996 |  |  | (1,180) |  |  | 184 |  |  | — |  |  | — |
Total net revenues | 42,299 |  |  | 17,757 |  |  | 3,223 |  |  | 49 |  |  | 63,328 |
Operating profit (loss) | $ | 11,284 |  |  | $ | 485 |  |  | $ | 196 |  |  | $ | (872) |  |  | $ | 11,093 |
Schedule of Reconciliation of Assets by Business Segment | The following is a summary of assets by business segment (in thousands):
As of September 30, 2024 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Elimination |  | Consolidated
Long-lived assets | $ | 90 |  |  | $ | 151 |  |  | $ | — |  |  | $ | 229 |  |  | $ | — |  |  | $ | 470 |
Total assets excluding discontinued operations | $ | 98,754 |  |  | $ | 24,052 |  |  | $ | 20,303 |  |  | $ | 3,405 |  |  | $ | (95,986) |  |  | $ | 50,528 |
As of December 31, 2023 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Elimination |  | Consolidated
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 Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Advertising | $ | 18,619 |  |  | $ | 19,391 |  |  | $ | 59,426 |  |  | $ | 60,056 |
Membership Fees | 1,446 |  |  | 1,190 |  |  | 3,711 |  |  | 3,233 |
Other | 33 |  |  | 18 |  |  | 87 |  |  | 39 |
Total revenues | $ | 20,098 |  |  | $ | 20,599 |  |  | $ | 63,224 |  |  | $ | 63,328 |
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 Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenue |  |  |  |  |  |  |
United States | $ | 11,666 |  |  | $ | 12,225 |  |  | $ | 37,242 |  |  | $ | 38,447 |
United Kingdom | 5,199 |  |  | 4,915 |  |  | 15,569 |  |  | 14,735 |
Germany | 1,744 |  |  | 1,992 |  |  | 5,411 |  |  | 5,225 |
Rest of the world | 1,489 |  |  | 1,467 |  |  | 5,002 |  |  | 4,921 |
Total revenues | $ | 20,098 |  |  | $ | 20,599 |  |  | $ | 63,224 |  |  | $ | 63,328 |
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):
| September 30, |  | December 31,
| 2024 |  | 2023
United States | $ | 78 |  |  | $ | 115 |
China (Hong Kong) | 221 |  |  | 308 |
Rest of the world | 171 |  |  | 155 |
Total long-lived assets | $ | 470 |  |  | $ | 578 |

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