Travelzoo

Q2 FY2026 EarningsQ2 FY26 revenue reached $23.2M, down 3% YoY and 4% QoQ, primarily due to international conflicts affecting advertiser sentiment. The company shifted toward a membership-fee model, resulting in a consolidated operating loss of $2.8M (Non-GAAP loss of $2.1M) as marketing costs were expensed upfront while fees are recognized ratably. Net loss attributable to the company was $2.1M with a diluted EPS of $(0.21). Cash flow from operations turned negative at $(1.7)M.