Q3 2025 IDT Corp Earnings Call Transcript
Key Points
- IDT Corp (IDT) reported a 133% year-over-year increase in consolidated income from operations, showcasing strong financial performance.
- The company's NRS segment saw a 23% increase in recurring revenue, driven by a 37% rise in merchant services revenue and a 33% increase in SaaS fees.
- BOSS Money, IDT Corp (IDT)'s remittance platform, achieved a 27% increase in transactions and a 25% rise in revenue, indicating robust growth.
- net2phone's adjusted EBITDA margins reached 15% in the third quarter, reflecting efficient cost management and steady growth.
- IDT Corp (IDT) experienced a significant increase in cash, cash equivalents, and current investments, rising to $224 million from $171 million, enhancing financial flexibility.
- IDT Corp (IDT) faced a 12% decrease in advertising and data revenue within the NRS segment, impacting overall performance.
- The company had to set up a bad debt expense provision of $1.4 million due to receivables exposure with a large programmatic platform client.
- BOSS Money's growth rate was affected by a shift in customer preferences towards fewer, larger transactions, impacting transaction volume.
- The Traditional Communications segment, while profitable, may face challenges in sustaining long-term growth due to market dynamics.
- IDT Corp (IDT) experienced a reduction in the rate of transaction growth for BOSS Money, primarily due to a focus on optimizing gross profit per transaction.
Good evening. Welcome to the IDT Corporation's third quarter fiscal 2025 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 Jonas; and Chief Financial Officer, Marcelo Fischer, will discuss IDT's financial and operational results for the three-month period ended April 30, 2025. 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 in 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 the SEC. IDT
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