Record Levels of Gross Profit and Adjusted EBITDA
IDT delivered strong financial results in Q1 2025, achieving record levels of gross profit, gross profit margin, and adjusted EBITDA. Consolidated revenue has increased sequentially for three consecutive quarters.
Robust Increases in Key Segments
NRS, BOSS Money, and net2phone each achieved robust increases in revenue, gross profit, and adjusted EBITDA. BOSS Money's gross margin expanded significantly, boosting FinTech's Q1 income from operations by $4.6 million year-over-year.
Net2phone Subscription Revenue Growth
Net2phone increased seats served to over 400,000, driving a 13% increase in subscription revenue despite negative FX impacts.
Improved Economics in Traditional Communications Segment
The traditional communications segment saw a 2% increase in income from operations despite a 4% revenue decrease.