Significant Year-Over-Year Growth
IDT reported a 133% year-over-year increase in consolidated income from operations, a 57% increase in consolidated adjusted EBITDA, and a 290% increase in EPS.
NRS Performance
NRS saw a recurring revenue increase of 23% year-over-year, with merchant services revenue up 37% and SaaS fees up 33%, offsetting a 12% decrease in advertising and data revenue.
BOSS Money Success
BOSS Money increased transactions by 27% and revenue by 25%. The Fintech segment generated over $5 million in adjusted EBITDA compared to $244,000 a year ago.
net2phone Growth
net2phone saw balanced growth in the U.S., Brazil, and Mexico, with adjusted EBITDA margins reaching 15%. Income from operations increased 188%, and adjusted EBITDA increased 50%.
Traditional Communications Strength
Income from operations and adjusted EBITDA both increased over 30% year-over-year, highlighting the segment as a long-term cash generator.