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 Corporation (NYSE: IDT) generates a steady flow of news across its fintech, retail technology, and communications businesses. As a global provider of fintech and communications solutions, IDT issues regular updates on segment performance, product launches, partnerships, and corporate actions, giving investors and industry observers insight into how its portfolio of businesses is evolving.
News about IDT frequently covers financial and operational results for its fiscal quarters and fiscal years, including segment-level highlights for National Retail Solutions (NRS), the Fintech segment centered on BOSS Money, net2phone, and Traditional Communications. Earnings releases discuss revenue, gross profit, income from operations, Adjusted EBITDA, and other key performance metrics, along with management commentary on business drivers and strategic priorities.
Subsidiary-specific announcements also feature prominently. NRS and its NRSInsights unit regularly publish monthly retail same-store sales reports based on transactions processed through the NRS POS platform, detailing trends in same-store sales, units sold, baskets per store, and average prices. NRS news may also highlight integrations with delivery platforms such as Grubhub and partnerships that enhance digital ordering, delivery, and analytics capabilities for independent retailers.
net2phone news includes the introduction of AI-powered communications offerings, such as a HIPAA-compatible AI Agent for healthcare that manages patient communications and administrative workflows. Corporate-level items can include legal developments, such as court decisions related to legacy matters, and scheduling notices for upcoming earnings releases and conference calls.
By following IDT news, readers can monitor developments across BOSS Money’s fintech activities, NRS’s retail technology network, net2phone’s AI-powered communications solutions, and the company’s traditional communications and digital payments operations.
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