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Oct 31, 2022
IDT Q1 2023 Earnings Report
IDT reported its Q1 2023 earnings with the highest level of quarterly income from operations since 2015 and the highest level of quarterly Adjusted EBITDA in company history.
Key Takeaways
IDT Corporation reported strong Q1 2023 results, driven by the rapid expansion of NRS, BOSS Money, and net2phone businesses, which contributed significantly to the company's consolidated Adjusted EBITDA. The company achieved its second consecutive quarter of record Adjusted EBITDA, with net2phone and the Fintech segment turning the corner to generate positive Adjusted EBITDA.
Achieved second consecutive quarter of record Adjusted EBITDA.
NRS, BOSS Money, and net2phone contributed 25% of consolidated Adjusted EBITDA.
net2phone and Fintech segment generated positive Adjusted EBITDA.
NRS more than tripled its Adjusted EBITDA contribution compared to the year-ago quarter.
Revenue by Segment
Forward Guidance
The company is focused on improving the bottom-line performance of all its businesses, with continued expansion of NRS, BOSS Money, and net2phone expected to enhance profitability.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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