Travelzoo announces an Equity Buyback for 1,000,000 shares.
October 24, 2023 at 07:38 am EDT
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Travelzoo (NasdaqGS:TZOO) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 common shares. The repurchase program will be funded from cash available with the company.
Travelzoo is a global Internet media company, which is engaged in offering travel, entertainment, and lifestyle experiences. The Company operates through four segments: Travelzoo North America, Travelzoo Europe, Jackâs Flight Club, and New Initiatives. Its Travelzoo North America segment consists of its operations in Canada and the United States. Its Travelzoo Europe segment consists of its operations in France, Germany, Spain, and the United Kingdom. Its Jackâs Flight Club segment consists of subscription revenue from members to access and receive flight deals via email or mobile applications. Its New Initiatives segment consists of its licensing activities in certain Asia Pacific territories, the Travelzoo META subscription service and Metaverse Travel Experiences, LLC (MTE). Its products and services are the Travelzoo Website (travelzoo.com), the Travelzoo iPhone and Android apps, the Top 20 email newsletter, the Travelzoo Network, and Jack's Flight Club.
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