Following this sale, Azzurro Capital Inc. retains ownership of 4,442,696 shares in the company. The shares were directly owned by Azzurro Capital Inc., while Ralph Bartel and the Ralph Bartel 2005 Trust hold indirect ownership. The company maintains a GREAT financial health score, with analysts recently revising earnings estimates upward for the upcoming period. The company maintains a GREAT financial health score, with analysts recently revising earnings estimates upward for the upcoming period. Following this sale, Azzurro Capital Inc. retains ownership of 4,442,696 shares in the company. The shares were directly owned by Azzurro Capital Inc., while Ralph Bartel and the Ralph Bartel 2005 Trust hold indirect ownership.
In other recent news, Travelzoo, the global internet media company, reported a slight decrease in its third-quarter revenue, with consolidated figures standing at $20.1 million, marking a 2% year-over-year decline. However, the company's operating income saw a significant uptick, increasing by 30% to reach $4 million. These recent developments also include the introduction of a membership fee by Travelzoo at the start of 2024, which is projected to be a significant revenue driver in 2025 as legacy members begin to pay fees.
On another note, Jack's Flight Club, a part of Travelzoo, reported an 11% increase in revenue to $1.2 million and a 14% growth in premium subscribers. Furthermore, Travelzoo is venturing into the development of metaverse travel experiences under the Travelzoo META (NASDAQ:META) initiative. The company anticipates slower revenue growth in the fourth quarter of 2024 compared to the previous year but expects a substantial boost in 2025, primarily due to the newly introduced membership fees. Despite the 2% decrease in consolidated revenue for the third quarter of 2024, Travelzoo's strategic plans for membership fees and new offerings suggest a promising outlook for the coming year.
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