Regina, PDF joining to our on or is you, to and open Please management in you with our follow Relations to at along today. presentation format of refer The those travelzoo.com/ir. us the prepared website available Investor remarks. presentation welcome Thank
Slide stronger earnings. Let's begin much leading #X. QX, in with to accelerated growth Revenue
Our XX% we, operating of million, was which from million to an the $X.X of which $X.X loss million in XX% $XX.X income, Operating in year. up year, call in it is $XX.X consolidated and revenue $XX.X previous million, constant operating approximately is of increase XX% as currencies, QX management, the which an year-over-year. was was compared million, profit prior revenues
compared XXXX. million $XX.X members had to December million we XX, unduplicated December of as $XX.X As of XX,
America North segment loss year-over-year million operating of the operating X North a million. ago. significant profit to our profit XX% X, compared an we more Europe. from was revenue details million go America North and segments, $XX.X to Slide $X.X into in million operating increased America $X.X $X.X The about year QX On more in revenue business of and
the profit $X.X XX% million of increased Europe had revenue segment $X.X revenue operating increased year-over-year. an loss from QX an of year. compared year-over-year. currencies, to constant X% million Europe million operating to prior $XX,XXX in or in Europe At $X.X
On of which Slide operating at than that the can XXXX. in operating our XX%, higher a reached our for level all you pandemic is see margins X, margin before XXXX
was operating our Travelzoo's segment. decided because forward. pandemic, to a reported losses March lower its business it much from XXXX, of In licensing Asia and going operating as the margin exit business Pacific Asia Pacific operate Before Travelzoo
Europe. Now the shows operating true North profitability margin Travelzoo in America of the in and
in America X shows QX. operating margin for XX% Slide that reached North our
we it On of Travelzoo loss provide which in believe Slide X, we non-GAAP compared QX how shows the prior non-GAAP million the $X.X better evaluates million performance. explains information This was a profit as slide to profit, operating on in $X.X year. operating
information profit. more calculation the about in provides X non-GAAP items are Slide excluded the operating of that
Slide to Please X. turn
cash consolidated XXXX, XXXX. the $XX.X of cash XX, December has million. and of equivalents of end vouchers As level The as reached balance restricted was decreased number cash at cash, the the greatly outstanding expected
North Slides revenue a segment. saw XX and increase America year-over-year of The business million. business detail XX by our revenue $X.X segment
by which be constant in $XXX,XXX. dollar. segment, dollars revenue in we Europe to report was $X currencies, Slide to Turning business million increased and by But the revenue XX. saw continues impacted increased QX The year-over-year. U.S. in We strong
revenues low the grow. future, that keep can shows XX believe fixed while a costs. our Slide foreseeable of are we in pandemic We to the expected to significant relatively reduction led fixed costs
revenue we profitability. XXXX, currently QX For expect and higher
keep costs the We pandemic, we lower our During we fixed our in can low to believe foreseeable the future. relatively able fixed been have costs.
I over Holger. Now turn to
