Travelzoo Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported revenues of $35,156,000, operating income of $8,175,000, income before income taxes of $8,372,000, and net income of $6,428,000 or $0.40 basic and diluted per share compared to revenues of $28,468,000, operating income of $6,712,000, income before income taxes of $6,738,000, and net income of $3,787,000 or $0.23 basic and diluted per share for the same period a year ago. Net cash provided by operating activities were $7,078,000 and purchases of property and equipment was $558,000 against net cash provided by operating activities of $8,828,000 and purchases of property and equipment of $138,000 for the same period a year ago. For the year, the company reported revenues of $148,342,000, operating income of $15,022,000, income before income taxes of $15,324,000, and net income of $3,319,000 or $0.20 basic and diluted per share compared to revenues of $112,784,000, operating income of $23,512,000, income before income taxes of $23,481,000, and net income of $13,157,000 or $0.80 basic and diluted per share for the same period a year ago. Net cash provided by operating activities were $15,631,000 and purchases of property and equipment was $2,460,000 against net cash provided by operating activities of $23,925,000 and purchases of property and equipment of $1,279,000 for the same period a year ago. Non-GAAP operating income was $35 million. Overall increase in operating income resulted in an almost 3 point increase in operating margin.