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Segment Reporting and Significant Customer Information | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segments Reporting and Significant Customer Information | Segment Reporting and Significant Customer Information The Company determines its reportable segments based upon the chief operating decision maker’s management of the business. The Company currently has four reportable operating segments: Travelzoo North America, Travelzoo Europe, Jack’s Flight Club and New Initiatives. Travelzoo North America consists of the Company’s operations in the U.S. and Canada. Travelzoo Europe consists of the Company’s operations in France, Germany, Spain and the U.K. Jack’s Flight Club consists of subscription revenues from premium members to access and receive flight deals from Jack’s Flight Club via email or mobile applications. New Initiatives consists of Travelzoo’s licensing activities in certain Asia Pacific territories, the Travelzoo META subscription service and MTE. Our chief operating decision maker ("CODM") is our Global Chief Executive Officer. The CODM primarily uses operating income (loss) to evaluate each segment's performance, allocate resources and make capital investments. We allocate certain software and license costs, such as IT and customer support, across all segments but do not allocate expenses such as legal-related costs or income taxes. Financial information is utilized along with forecasts to enable the CODM to manage our business across all operating segments. For the three months ended March 31, 2025, Travelzoo North America operations comprised 65% of revenues, Travelzoo Europe operations comprised 29% of revenues and Jack's Flight Club comprised 6% of revenues. The following is a summary of operating results by business segment (in thousands):
Three Months Ended March 31, 2025 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Consolidated
Revenues from unaffiliated customers | $ | 14,830 |  |  | $ | 6,970 |  |  | $ | 1,323 |  |  | $ | 17 |  |  | $ | 23,140 |
Intersegment revenues | 298 |  |  | (258) |  |  | (40) |  |  | — |  |  | — |
Total net revenues | 15,128 |  |  | 6,712 |  |  | 1,283 |  |  | 17 |  |  | 23,140 |
Sales and marketing (1) | 5,700 |  |  | 3,902 |  |  | 623 |  |  | — |  |  | 10,225 |
Other costs and expenses (2) | 5,834 |  |  | 2,582 |  |  | 648 |  |  | 47 |  |  | 9,111 |
Operating profit (loss) | $ | 3,594 |  |  | $ | 228 |  |  | $ | 12 |  |  | $ | (30) |  |  | $ | 3,804 |
Other income, net |  |  |  |  |  |  |  |  | $ | 629 |
Income from continuing operations before income taxes |  |  |  |  |  |  |  |  | $ | 4,433 |
(1) Includes advertising and promotional costs, employee-related expenses for sales, marketing, and production teams, conference participation costs, professional services, public relations expenses, and facilities costs. (2) Includes costs and expenses related to cost of revenues, product development, and general and administrative. Travelzoo North America and Travelzoo Europe general and administrative expenses include stock based compensation of $339,000 and $0, respectively.
Three Months Ended March 31, 2024 | Travelzoo North America |  | Travelzoo Europe |  | Jack’s Flight Club |  | New Initiatives |  | Consolidated
Revenues from unaffiliated customers | $ | 14,273 |  |  | $ | 6,580 |  |  | $ | 1,100 |  |  | $ | 32 |  |  | $ | 21,985 |
Intersegment revenues | (45) |  |  | 82 |  |  | (37) |  |  | — |  |  | — |
Total net revenues | 14,228 |  |  | 6,662 |  |  | 1,063 |  |  | 32 |  |  | 21,985 |
Sales and marketing | 5,107 |  |  | 3,061 |  |  | 405 |  |  | — |  |  | 8,573 |
Other costs and expenses | 4,683 |  |  | 2,219 |  |  | 757 |  |  | 162 |  |  | 7,821 |
Operating profit (loss) | $ | 4,438 |  |  | $ | 1,382 |  |  | $ | (99) |  |  | $ | (130) |  |  | $ | 5,591 |
Other income, net |  |  |  |  |  |  |  |  | $ | 139 |
Income from continuing operations before income taxes |  |  |  |  |  |  |  |  | $ | 5,730 |
(1) Includes advertising and promotional costs, employee-related expenses for sales, marketing, and production teams, conference participation costs, professional services, public relations expenses, and facilities costs. (2) Includes costs and expenses related to cost of revenues, product development, and general and administrative. Travelzoo North America and Travelzoo Europe general and administrative expenses include stock based compensation of $95,000 and $0, respectively. A measure of segment assets is not currently provided to the Chief Operating Decision Maker and has therefore not been provided. For the three months ended March 31, 2025 and 2024, the Company did not have any customers that accounted for 10% or more of revenue. As of March 31, 2025 and December 31, 2024, the Company did not have any customers that accounted for 10% or more of accounts receivable. 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 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 |  |
| March 31, |  |
| 2025 |  | 2024 |  |  |  |
Advertising | $ | 20,680 |  |  | $ | 20,850 |  |  |  |  |
Membership Fees | 2,443 |  |  | 1,104 |  |  |  |  |
Other | 17 |  |  | 31 |  |  |  |  |
Total revenues | $ | 23,140 |  |  | $ | 21,985 |  |  |  |  |
The following table sets forth revenues for individual countries that comprised 10% or more of total revenue (in thousands):
| Three Months Ended |  |
| March 31, |  |
| 2025 |  | 2024 |  |  |  |
Revenue |  |  |  |  |  |  |
United States | $ | 13,576 |  |  | $ | 12,771 |  |  |  |  |
United Kingdom | 5,643 |  |  | 5,514 |  |  |  |  |
Rest of the world | 3,921 |  |  | 3,700 |  |  |  |  |
Total revenues | $ | 23,140 |  |  | $ | 21,985 |  |  |  |  |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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