
Three Months Ended March 31, 2026	Travelzoo North America		Travelzoo Europe		Jack’s Flight Club		New Initiatives		Consolidated
Revenues from unaffiliated customers	$	15,326	$	7,585	$	1,345	$	17	$	24,273
Intersegment revenues	341		(308)		(33)		—		—
Total net revenues	15,667		7,277		1,312		17		24,273
Sales and marketing (1)	6,003		4,521		592		—		11,116
Other costs and expenses (2)	6,416		2,477		768		51		9,712
Operating profit (loss)	$	3,248	$	279	$	(48)	$	(34)	$	3,445
Other income, net									(5)
Income from continuing operations before income taxes									3,440

(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 $35,000 and $0, respectively.


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