Welcome to our dedicated page for IDT news (Ticker: IDT), a resource for investors and traders seeking the latest updates and insights on IDT stock.
IDT Corp (IDT) delivers innovative solutions across telecommunications, fintech, and cloud communications through brands like National Retail Solutions and net2phone. This news hub provides investor-focused updates directly from corporate sources, ensuring accurate tracking of the company's global initiatives.
Access real-time announcements including quarterly earnings, strategic partnerships, and product innovations. Our curated collection features press releases on retail POS advancements, international payment services, and unified communications developments - all critical for assessing IDT's market position.
Key updates cover financial performance metrics, leadership changes, technology deployments, and regulatory filings. Content is organized to help stakeholders monitor growth in core segments: cloud-based telephony, digital payment ecosystems, and data-driven retail solutions.
Bookmark this page for streamlined access to IDT's corporate communications. Combine these verified updates with market analysis tools to inform your investment strategy in this dynamic multinational enterprise.
BOSS Money, IDT Corporation's (NYSE: IDT) remittance service, announced a special Mother's Day promotion offering $0-fee international money transfers. New customers can enjoy zero-fee transfers with specific benefits: first two transfers free to all destinations, first five transfers free to Mexico, and unlimited free transfers to select African countries and Venezuela.
Existing customers can use promotional codes during specific periods: "MOM" (May 5-11) for all destinations, "MOMMY" (May 21-25) for select countries including Dominican Republic and Haiti, and "MAMA" (May 26-30) for Nicaragua. The service offers various payout options including cash pick-up, mobile money, bank deposits, and debit card transfers through the BOSS Money app.
NRSInsights reported March 2025 retail same-store sales increased 2.3% year-over-year across its network of approximately 35,200 active terminals nationwide. The network processed $2.0 billion in sales (+16% YoY) across 134 million transactions.
Key metrics for March 2025:
- Units sold increased 2.4% YoY
- Baskets increased 0.2% YoY
- Average prices for top 500 items rose 2.1% YoY
Strong performance was seen in Energy Beverages, Soft Drinks, and Modern Oral Smokeless Tobacco. However, most BEVAL categories (Beer, FMB/Cider/Seltzer, Whiskey, Vodka, Still Wine) showed decreased sales, with Tequila being the exception. Salty Snacks recorded a double-digit sales decrease.
BOSS Revolution, powered by IDT (NYSE: IDT), has launched Savings Pass, a new monthly membership calling plan offering 20% discounts on international calls to over 200 countries for $5 per month.
The company now offers three subscription options:
- Savings Pass: 20% discount on standard rates for all international calls
- Unlimited Plans: Unlimited calling to select destinations including Mexico, Canada, UK, and popular locations in Europe, South America, and Caribbean
- Bundles of Minutes Plans: Fixed minutes for calls to over 40 countries at 20% discount, covering destinations in Latin America, Caribbean, and Africa
The new plans aim to simplify the complex global paid-minute communications market, providing customers with optimal savings based on their calling patterns and destinations.
IDT (NYSE: IDT), a global fintech and communications solutions provider, has announced its participation in the upcoming Sidoti Virtual Investor Conference on March 19-20, 2025. CFO Marcelo Fisher will deliver a presentation on March 19th at 10:45 AM Eastern time, covering the company's operations, strategy, and financial performance.
The presentation will be accessible via a live webinar, with free registration available through the Sidoti website. Fisher will also conduct one-on-one meetings with investors throughout the conference.
IDT operates through several key business segments:
- National Retail Solutions (NRS): Provides POS platform for independent retailers
- BOSS Money: Offers international remittances and fintech payment solutions
- net2phone: Delivers cloud communications and contact center services
- IDT Digital Payments and BOSS Revolution: Focuses on prepaid products and international communications
- IDT Global and IDT Express: Manages international voice and SMS messaging services
IDT (NYSE: IDT) reported strong second quarter fiscal 2025 results with record performance across key metrics. The company achieved gross profit growth of 16% to $112 million, with margin expanding 420 basis points to 37.0%. Income from operations surged 77% to $28.3 million, while Adjusted EBITDA increased 56% to $34.0 million.
Key segment highlights include:
- NRS: Recurring revenue up 32% to $31.6M with 71% operating income growth
- BOSS Money: Transactions increased 36% to 5.7M with revenue up 34% to $33.5M
- net2phone: Subscription revenue grew 9% to $21.0M
- Traditional Communications: Gross profit up 2% to $43.1M
The company increased its quarterly dividend by 20% to $0.06 and repurchased 179,338 shares for $8.5 million. GAAP EPS rose to $0.80 from $0.57, while Non-GAAP EPS increased to $0.84 from $0.67. Total revenue grew 2% to $303.3 million.