Q2 2026 IDT Corp Earnings Call Transcript
Key Points
- IDT Corp (IDT) reported strong overall results driven by top and bottom line expansion in NRS, BOSS Money, and net2phone.
- NRS recurring revenue grew year-over-year, with significant increases in merchant services and SaaS fee revenues.
- BOSS Money's digital channel transactions increased by 17% year-over-year, benefiting from a shift to higher-margin digital channels.
- net2phone experienced a 37% year-over-year increase in adjusted EBITDA, aided by favorable foreign exchange rates and disciplined spending.
- IDT Corp (IDT) raised its consolidated adjusted EBITDA guidance for fiscal 2026, reflecting positive developments across its segments.
- Advertising and data results were lower than expected due to decreases in CPM rates, impacting revenues.
- Traditional Communications segment saw a decrease in adjusted EBITDA compared to the previous year.
- SG&A expenses increased, partly due to new product development and hiring in advance of product launches.
- The remittance industry faced challenges due to new federal tax policies, impacting retail-originated transactions.
- NRS faced challenges in advertising sales due to the exit of a long-term partner, affecting revenue growth.
Good evening. Welcome to the IDT Corporation's second quarter fiscal year 2026 earnings conference call. (Operator Instructions) Please note, this conference call is being recorded. I will now turn the call over to Bill Ulrey of IDT Investor Relations. Bill, you may begin.
Thank you, John. In today's presentation, IDT's Chief Executive Officer, Shmuel Jones; and Chief Financial Officer, Marcelo Fischer, will discuss IDT's financial and operational results for the three months ended January 31, 2026. After their remarks, they will be happy to take your questions.
Any forward-looking statements made during this conference call, either in their remarks or during the Q&A that follows, whether general or specific in nature, are subject to risks and uncertainties that may cause actual results to differ materially from those which the company anticipates. These risks and uncertainties include, but are not limited to, specific risks and uncertainties discussed in the reports that IDT files periodically with
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