IDT Q4 2020 Earnings Report
Key Takeaways
IDT Corporation reported strong fourth-quarter results with significant growth in their growth businesses, achieving their highest levels of consolidated quarterly margin contribution and Adjusted EBITDA in over a decade. The BOSS Revolution consumer offerings experienced strong demand, especially the Money Transfer business, which leveraged favorable foreign exchange market conditions.
Achieved highest levels of consolidated quarterly margin contribution in over a decade.
Experienced strong demand across all BOSS Revolution consumer offerings.
Money Transfer business benefited from favorable foreign exchange market conditions.
Continued expansion of higher margin Growth businesses positions IDT for improving results.
IDT
IDT
Forward Guidance
IDT is positioned to deliver improving results and create significant long-term value through the expansion of its higher margin Growth businesses and the resilience of its consumer Core offerings.