Travelzoo Exits Loss-Making Asia Pacific Business / Focuses on Highly Profitable Business in North America and Europe
Travelzoo (TZOO)
US:NASDAQ Investor Relations:
ir.travelzoo.com
Company Research
Source: GlobeNewswire
NEW YORK, March 10, 2020 (GLOBE NEWSWIRE) -- Travelzoo®?(NASDAQ: TZOO), an Internet media company that publishes exclusive offers and experiences for members, today announced it will exit its business in Asia Pacific this week. The Asia Pacific business segment has incurred losses for several years. Holger Bartel, Global CEO, said: “In our communications to investors over the last two years, we have consistently explained we will exit Asia Pacific if we cannot create shareholder value from this business activity by 2020. Unfortunately, the uncertainty about economies in Asia Pacific does not, in our opinion, allow us currently to deliver the shareholder value within the promised timeline and without further operating losses from this segment. We do not expect this exit to have any negative impact on our continued business. We will focus on growing our very profitable businesses in North America and Europe, where we see strong interest from our members in travel deals. The Asia Paci
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TZOO
Earnings
- 10/23/24 - Beat
TZOO
Sec Filings
- 12/18/24 - Form 4
- 12/16/24 - Form 4
- 12/16/24 - Form 144
- TZOO's page on the SEC website