IDT Q4 2021 Earnings Report
Key Takeaways
IDT Corporation reported Q4 2021 EPS of $1.46 and Non-GAAP EPS of $0.66 on revenue of $390 million. Net2phone's subscription revenue growth accelerated, NRS revenue increased significantly, and Traditional Communications revenue also saw growth, particularly in Mobile Top-Up.
net2phone's subscription revenue increased 46% year over year with strong growth in Latin American, US, and Canadian markets.
NRS revenue increased by 76% year over year, driven by increased sales of merchant services and payment processing.
Traditional Communications revenue increased 10% year over year, with Mobile Top-Up revenue increasing by 41%.
Money Transfer revenue decreased by 49% compared to the year-ago quarter, but would have increased by 36% absent transitory foreign exchange market conditions.