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Apr 30, 2024
IDT Q3 2024 Earnings Report
IDT's three high-growth businesses delivered strong results, contributing to a 310-basis point improvement in consolidated gross margin. NRS surpassed 30,000 active terminals. Net2phone's Adjusted EBITDA doubled year-over-year. BOSS Money drove revenue increases, leading the Fintech segment to its first Adjusted EBITDA positive quarter.
Key Takeaways
IDT Corporation reported strong third-quarter results, driven by its high-growth businesses. NRS surpassed 30,000 active terminals, net2phone's Adjusted EBITDA doubled, and BOSS Money achieved positive Adjusted EBITDA for the Fintech segment.
NRS surpassed 30,000 active terminals, becoming the largest POS network for C-stores in the country.
Net2phone's Adjusted EBITDA doubled year-over-year, demonstrating improved operating leverage.
BOSS Money's balanced, omni-channel approach and focus on customer service drove strong revenue increases.
The Fintech segment achieved its first Adjusted EBITDA positive quarter.
Revenue by Segment
Forward Guidance
IDT is very excited by the potential of each of its three businesses for sustainable, profitable growth. In its Traditional Communications segment, it is making progress turning around our IDT Digital Payments business and expect its bottom-line results will continue to improve.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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