IDT Corp reports Q4 revenue down 16% but operating income up 13%, fintech/cloud growth drives record Adjusted EBITDA

IDT CORP

Consolidated Q4 revenue $329M (-16% YoY); operating income up 13% to $19.2M. FY revenue $1,364M (-6%); op income up 6% to $60.1M.
NRS recurring revenue up 157% to $17.7M; BOSS Money revenue up 56% to $17.0M; net2phone subscription revenue up 37% to $15.1M.
Net income attributable to IDT fell to $17.2M (Q4) and $27.0M (FY) from $38.7M and $96.5M due to prior-year tax valuation allowance reversals and investment losses.
NRS active POS terminals increased ~1,400 to 19,400; net2phone seats rose ~12,000 to 291,000.
Company reported highest quarterly and full-year Adjusted EBITDA in history.

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