IDT Q4 2022 Earnings Report
Key Takeaways
IDT Corporation reported strong Q4 2022 results, driven by its fintech and cloud communications businesses. The company achieved its highest levels of quarterly and full fiscal year income from operations since 2015 and its highest levels of quarterly and annual Adjusted EBITDA in company history.
Fintech and cloud communications businesses delivered impressive year-over-year and sequential results.
IDT's consolidated quarterly and annual Adjusted EBITDA reached their highest levels in company history.
Continued growth of high-margin fintech and cloud communications businesses and Mobile Top-Up offerings is expected to further improve IDT’s consolidated Adjusted EBITDA.
This improvement will more than offset the continued decreasing contributions expected from the BOSS Revolution Calling and IDT Global businesses within the lower margin Traditional Communications segment.
IDT
IDT
IDT Revenue by Segment
Forward Guidance
Looking ahead, IDT anticipates that the continued growth of their high-margin fintech and cloud communications businesses and of their Mobile Top-Up offerings will further, significantly improve IDT’s consolidated Adjusted EBITDA, more than offsetting the continued decreasing contributions that they expect from the BOSS Revolution Calling and IDT Global businesses within their lower margin Traditional Communications segment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income