management and of with today. Thank along joining Relations presentation you, our prepared those to remarks. travelzoo.com/ir. at welcome Investor PDF on operator, our to available presentation format The site is follow to you the in us Please refer
Travelzoo's consistent was year. revenue which of with QX was year-over-year. prior XX% call Slide begin we, million, as up million, from was $XX.X up constant million the #X. In $X.X year-over-year. from profit increased million $XX.X $X.X management, $XX.X Operating Let's QX XX% profit million revenue, or prior income, consolidated currencies, year. the operating in with operating revenue
As with million XX.X June XX, of consistent June XXXX, unduplicated XX, members, we had XXXX.
increase Slide X Europe. shows our Europe in North an Operating that in segment. turned segment, consistent revenue in remained America profit positive our
million. XXXX, of year-over-year. $X.X down categories was and break revenues, we fees million Advertising X, our membership increased Revenue $XX.X consistent membership Slide QX advertising, revenue On other. from for to fees
beginning then introduced members membership for members. pay and in in represent the fee. revenue Those XX% this of to call group time following have We XXXX, of exempt they at they reason. the are the substantially this expect already current from We fee but the a XXXX. At Members, who grow Legacy we XXXX, during over XXXX to
from hand, the of time expense. of membership recognition. example full on over the in membership fee is recognized fee subscription. an ratably Revenue other the period are revenue the recognized costs, the shows X of at Slide acquisition Member
you our that was XXXX a Slide GAAP year On operating XX% see ago. in XX% to X, margin compared QX can
that for shows high XXXX. operating North GAAP margin X remained America, at Slide the QX in XX%
XX, Slide non-GAAP On of non-GAAP operating as financial performance. Travelzoo's information XXXX $X.X evaluates better we believe period. explains revenue the profit provide year operating operating million, it $X.X on profit compared profit prior management we million non-GAAP XX% to was of QX that's how in
items operating that Slide are in excluded of the information XX about the non-GAAP calculation provides profit.
Please turn outstanding XXX,XXX to stock. the We Slide company's repurchasing a common position maintained cash of after XX. solid even
As consolidated $XX.X cash, of was June XXXX, cash equivalents and million. cash XX, restricted
marketing short operating XX fixed expenses, low costs company's for revenues Higher the to Most midterm, increase foreseeable Slide operating the margins. except future. of relatively revenues we in relatively operating in we would believe to fixed shows expenses. how just compared are can keep the
For pace growth albeit in than QX expect in year-over-year, we XXXX. revenue slower at XXXX, the a
be unexpected However, there could fluctuations.
expect also XXXX year-over-year. for profitability QX We higher
result a as additional fees. revenue of in growth substantial from expect we revenue XXXX, For membership
discussion I Holger. over the turn Now to
