Travelzoo (NASDAQ:TZOO) Q3 2022 Earnings Conference Call October 26, 2022 11:00 AM ET
Company Participants
Wayne Lee - Chief Financial Officer
Holger Bartel - Chief Executive Officer
Arveena Ahluwalia - Global Director, Travelzoo META
Conference Call Participants
Mike Kupinski - NOBLE Capital Markets
Jim Goss - Barrington Research
Steve Silver - Argus Research
Ed Woo - Ascendiant Capital
Operator
Hello, everyone. Welcome to the Travelzoo Third Quarter 2022 Financial Results Conference Call. All participants have been placed in a listen-only mode and the floor will be open for questions following the presentation. Today's call is being recorded.
The company would like to remind you that all statements made during this conference call and presented in the slides that are not statements of historical facts constitute forward-looking statements and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results could vary materially from those contained in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements are described in the company's Form 10-K and 10-Q and other periodic filings in the SEC.
Unless required by law the company undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise. Please refer to the company's website for important information, including the company's earnings press release issued earlier this morning. An archived recording of this conference call will be made available on the Travelzoo Investor Relations website at travelzoo.com/ir.
Now it's my pleasure to turn the floor over to Travelzoo's Global CEO, Holger Bartel; its Chief Financial Officer, Wayne Lee; and it’s Global Director Travelzoo META Arveena Ahluwalia. Wayne will start with an overview of the third quarter 2022 financial results.
Wayne Lee
Thank you, Lisa and welcome to those of you joining us today. Please open the management presentation to follow along with our prepared remarks. The presentation in PDF format is available on our Investor Relations website at travelzoo.com/ir.
Let's begin with slide number 3. Our Q3 revenues were lower than expected. Consolidated Q3 revenue was $15.8 million up 1% from $15.7 million in the previous year. And in constant currencies it was $16.7 million, which is an increase of 6% year-over-year.
Our net income in Q3 was $790,000, which resulted in earnings per share of $0.06. Operating income, which we as management call operating profit was $270,000 which is approximately 2% of revenues. As of September 30, we had 30.5 million unduplicated members compared to 30.7 million as of September 30, 2021.