Travelzoo Beats Quarterly Outlook

Consumers might be cutting back on trips, concerts and movies -- but apparently they're still lapping up entertainment at a discount.

Travelzoo(TZOO Quote), an online company that provides travel and entertainment deals, beat Wall Street's expectations by 7 cents in the first quarter, buoyed by an increase in the number of subscribers to the site.

Shares of the company rose 5% to $7.46 in afternoon trading.

Quarterly earnings reached $338,000, or 2 cents a share, from a loss of $1 million or 7 cents in the year-ago period. Analysts expected a loss of 5 cents a share.

Revenue grew 12% to $23.4 million from $20.9 million last year.

The number of subscribers jumped 6% to 15.5 million during the quarter.