What move does the options market price into Travelzoo's report?

Implied ±28.7%, either direction · provisional.

How often does Travelzoo move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

TZOONasdaqServices-Advertising

Travelzoo (TZOO) earnings date, market-implied expected move, and options open interest by expiry

5.34

+0.31 · +6.24%

Regular session13:41 ET

Open5.54Volume64,583Mkt cap$53.1MP/E133.59EPS0.04

Day5.34 – 5.540%52-wk4.72 – 12.398%

TZOO

Travelzoo

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±28.7%implied · straddle

3.586.48

spot 5.03exp Mar 19ATM strike 5ATM straddle 1.70IV 71%

Nov 3 closeprovisional

Expected move

Inputs

Next report

Feb 18

in 106 days

est.Q4 FY26

Calendar

Next report

Last report

−2.64%

vs ±17.0% implied · ×0.15

shaded = implied · ▲▼ = realized

Oct 27 '26 · confirmed

Implied vs realized

Linked news

News

Largest filed tie

13F top-10 QoQ

−13.29%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

70 managers

Top fund weight

0.00%

TZOO weight · VTI

N-PORTJun 30 '26

1 fund

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Travelzoo (TZOO) is expected to report on Feb 18 (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±17.6%
avg realized: ±15.3%

Feb 25 '25Feb 25 '25confirmed±13.6%▼−17.14%×1.26

Apr 29 '25Apr 29 '25confirmed±24.0%▲+28.75%×1.20

Jul 23 '25Jul 23 '25confirmed±12.7%▼−8.39%×0.66

Q3 FY25Oct 28 '25confirmed±22.3%▼−2.17%×0.10

Feb 19 '26Feb 19 '26confirmed±14.0%▼−10.93%×0.78

Q1 FY26Apr 23 '26confirmed±20.2%▲+26.57%×1.31

Q2 FY26Jul 28 '26confirmed±17.2%▼−25.86%×1.51

Oct 27 '26Oct 27 '26confirmed±17.0%▼−2.64%×0.15

quarterimplied−30%0+30%realized×

Oct '26±17.0%▼−2.64%×0.15

Q2 FY26±17.2%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 29 close

0.08OI · 3 expiries · Oct 29 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

950%Nov 2016d0.204740%0.20

3670%Dec 1844d0.784690%0.78

report · Feb 18 · est.

1030%Mar 19135d1,2250%

ExpiryPutsCallsP/C

Nov 2016d950%4740%0.20

Dec 1844d3670%4690%0.78

report · Feb 18 · est.

Mar 19135d1030%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±28.7%

Funds 1

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

−9.07%as filednet margin · revenue −4.39% QoQ · −2.92% YoY

Revenue$23M−4.39%

Gross profit$16M69.39%−15.41%

Operating income−$3M−11.90%−180.17%

Pre-tax income−$2M−172.33%

Net income−$2M−9.07%−184.31%

Cost of revenue$7M+35.68%

Operating expenses$19M+21.00%

Tax−$382,000−140.55%

Other income$274,000+5580.00%

Source: SEC filings · standardized · QE Jun 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 13:30 ET

Intraday

Event sensitivity

PCE ×1.01· ±2.7% vs ±2.7% · 19 releases

eventrelease day|move|up · n×base

PCEpersonal income & outlays±2.7%10 of 19×1.01

GDPgross domestic product±2.5%9 of 19×0.94

NFPjobs report±2.2%3 of 10×0.82

FOMCrate decision±2.1%11 of 24×0.79

PPIproducer prices±2.1%3 of 10×0.77

CPIconsumer prices±1.7%5 of 10×0.64

CPROFcorporate profits±1.6%6 of 12×0.60

Bar = avg |move| to ±3% · tick = ±2.7% avg day · ×base = |move| ÷ ±2.7% · min 6 releases

Earnings history

EPS -0.21 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Jul 28 '26 · confirmed	-0.21	—
Q1 FY26	Apr 23 '26 · confirmed	0.23	—
Q3 FY25	Oct 28 '25 · confirmed	0.01	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod