In the case of Q2, that effect was a reduction of 13 cents. On slide eight, you can see that revenue growth came from all segments. With favorable ROI on member acquisition in the UK, we invested heavily there. Jack's Flight Club revenue increased by 33%. Operating profit decreased in both our North America and Europe segments, but increased slightly in our Jaxx Flight Club segment.

Jul 23, 2025 / CFO / receipt, needs a key / Jeff Hoffman, CFO | earnings call 2025-07-23 | transcript 12c829c6-addf-4d2d-9d2b-cd80302d0035 | chars 3667-4052 | segment 3

Still, given the currently favorable ROI, we will continue to further grow the number of club members to bring TravelSuit into high growth mode.

Jul 23, 2025 / CFO / receipt, needs a key / Jeff Hoffman, CFO | earnings call 2025-07-23 | transcript 12c829c6-addf-4d2d-9d2b-cd80302d0035 | chars 4557-4701 | segment 4

We will continue to leverage Travel Zoo's global reach, trusted brand, and our strong relationships with top travel suppliers to negotiate more club offers for club members.

Jul 23, 2025 / CFO / receipt, needs a key / Jeff Hoffman, CFO | earnings call 2025-07-23 | transcript 12c829c6-addf-4d2d-9d2b-cd80302d0035 | chars 6197-6370 | segment 6