NYSE$IDT
IDT Corporation · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
IDT's high-margin, high-growth businesses drove solid consolidated income from operations and Adjusted EBITDA.
IDT Corporation reported strong third-quarter results, driven by the performance of its high-margin, high-growth businesses. NRS added nearly 1,400 net POS terminals and 1,200 net payment processing accounts. net2phone's subscription revenue increased 42% year-over-year, and BOSS Money's revenue increased 51%. However, Traditional Communications revenue decreased by $59.9 million, impacting overall income from operations.
- NRS added nearly 1,400 net POS terminals and 1,200 net payment processing accounts.
- NRS recurring revenue increased 102% year-over-year.
- net2phone's subscription revenue increased 42% year-over-year with the addition of approximately 22,000 seats.
- BOSS Money's revenue increased 51% driven by a 27% increase in transaction volumes.
Headline financials
Revenue & EPS history
IDT · Revenue · Quarterly
$328M
Revenue by segment
IDT · $346M total across 4 segments · Q3 2022
- IDT Global$286M—82.5%
- National Retail Solutions$28.6M—8.3%
- net2phone$16.4M—4.7%
- BOSS Money$15.5M+50.5%4.5%
Forward guidance
IDT expects NRS to sustain robust, high-margin growth. net2phone will begin selling its CCaaS offering in North America. BOSS Money continues to build out its disbursement networks and fine-tune its direct-to-consumer pricing strategies.
Tailwinds
- NRS is expected to sustain robust, high-margin growth in the coming quarters.
- Advertising and data offerings will benefit from long-term trends and seasonal tailwinds.
- net2phone will begin selling its CCaaS offering in North America in the current quarter.
- net2phone expects its CCaaS expansion to gradually become a key driver of seat growth and ARPU expansion.
- BOSS Money continues to build out its disbursement networks, particularly in Africa and the Caribbean.
Headwinds
- The surge in demand for paid voice during the COVID pandemic is now retreating.
- The retreat in demand exacerbates the impact of underlying declines in retail calling and wholesale carrier services.
- Mobile Top-Up business underperformed this quarter.
- Traditional Communications' lost revenue was skewed to lower margin sales.
- Income from operations from Traditional Communications decreased $3.0 million year-over-year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2022
+2.1%
Avg return
Earnings day
+2.8%
Avg return
5 days after
+1.7%
Avg return
30 days after
61%
40 / 66 earnings
Positive
+45.4%
Q4 2020
Best reaction
-20.9%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +2.7% | +3.7% | — | |
| Q2 2026 | -3.9% | -7.4% | -3.8% | |
| Q1 2026 | -3.0% | +0.1% | +0.6% | |
| Q4 2025 | -18.4% | -22.7% | -20.9% | |
| Q3 2025 | -0.2% | +1.6% | -3.8% | |
| Q2 2025 | +10.2% | +6.1% | +5.9% | |
| Q1 2025 | +5.4% | +5.3% | -5.6% | |
| Q4 2024 | +22.3% | +26.0% | +31.1% | |
| Q3 2024 | -5.9% | -8.0% | -10.2% | |
| Q2 2024 | -1.6% | +1.8% | -0.2% | |
| Q1 2024 | +1.5% | +5.2% | +14.3% | |
| Q4 2023 | +4.5% | +8.2% | +2.9% | |
| Q3 2023 | -5.1% | -13.2% | -19.3% | |
| Q2 2023 | +4.7% | +9.1% | +7.2% | |
| Q1 2023 | +11.6% | +9.3% | +2.5% | |
| Q4 2022 | +10.9% | +5.7% | +6.7% | |
| Q3 2022 | -1.7% | -11.9% | -13.9% | |
| Q2 2022 | -2.0% | -4.5% | -1.9% | |
| Q1 2022 | -4.0% | -9.0% | -13.3% | |
| Q4 2021 | +10.6% | +14.9% | +25.7% | |
| Q3 2021 | +15.0% | +35.3% | +53.9% | |
| Q2 2021 | +4.1% | +13.5% | +25.7% | |
| Q1 2021 | +12.2% | +8.4% | -0.8% | |
| Q4 2020 | +45.4% | +69.6% | +44.8% | |
| Q3 2020 | +2.5% | -5.5% | -5.5% | |
| Q2 2020 | -12.1% | -19.2% | -36.1% | |
| Q1 2020 | -6.1% | -7.5% | -1.7% | |
| Q4 2019 | -0.9% | -5.1% | -25.4% | |
| Q3 2019 | +8.3% | +14.0% | +71.3% | |
| Q2 2019 | +5.8% | +11.0% | +17.5% | |
| Q1 2019 | -6.4% | -6.7% | -18.3% | |
| Q4 2018 | +40.9% | +49.8% | +44.3% | |
| Q3 2018 | +22.9% | +15.2% | +10.3% | |
| Q2 2018 | +0.1% | -2.3% | -42.2% | |
| Q1 2018 | -19.4% | -26.6% | -30.1% | |
| Q4 2017 | -5.6% | -4.6% | -7.8% | |
| Q3 2017 | -20.3% | -15.8% | -17.5% | |
| Q2 2017 | -20.5% | -32.2% | -32.6% | |
| Q1 2017 | -9.8% | -14.3% | -15.2% | |
| Q4 2016 | +7.3% | +7.6% | +10.7% | |
| Q3 2016 | +7.1% | +10.1% | +19.7% | |
| Q2 2016 | +3.8% | — | — | |
| Q1 2016 | +12.0% | — | — | |
| Q4 2015 | -9.6% | — | — | |
| Q3 2015 | +5.5% | — | — | |
| Q2 2015 | -20.9% | — | — | |
| Q1 2015 | -0.1% | — | — | |
| Q4 2014 | -10.6% | — | — | |
| Q3 2014 | +4.1% | — | — | |
| Q2 2014 | -6.1% | — | — | |
| Q1 2014 | -10.5% | — | — | |
| Q4 2010 | +5.4% | — | — | |
| Q4 2013 | +6.7% | — | — | |
| Q3 2013 | +9.9% | — | — | |
| Q2 2012 | +4.9% | — | — | |
| Q2 2013 | +0.6% | — | — | |
| Q1 2013 | +0.6% | — | — | |
| Q2 2011 | +1.5% | — | — | |
| Q4 2012 | -2.8% | — | — | |
| Q3 2011 | +5.9% | — | — | |
| Q3 2012 | +3.7% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q1 2012 | +0.8% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q3 2010 | +8.3% | — | — | |
| Q2 2010 | +15.9% | — | — |
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