IDT Corporation (IDT): history, ownership, mission, how it works & makes money

IDT Corporation (IDT): history, ownership, mission, how it works & makes money

US | Communication Services | Telecommunications Services | NYSE

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A Brief History of IDT Corporation (IDT)

Company Overview

IDT Corporation is a telecommunications and digital technology company headquartered in Newark, New Jersey. As of 2024, the company operates through multiple business segments including communication services, payment solutions, and digital media platforms.

Financial Performance

Financial Metric 2023 Value
Annual Revenue $352.6 million
Net Income $24.3 million
Total Assets $487.2 million
Market Capitalization $215.7 million

Business Segments

  • IDT Telecom
  • IDT Payment Solutions
  • IDT Digital Media
  • Boss Revolution Mobile Services

Key Corporate Metrics

Metric 2024 Data
Number of Employees 1,287
Global Operations 12 countries
Stock Exchange Listing NYSE (IDT)

Strategic Focus Areas

Primary business strategies include:

  • International telecommunications services
  • Digital payment infrastructure
  • Mobile virtual network operations


A Who Owns IDT Corporation (IDT)

Major Shareholders

Shareholder Percentage Ownership
Howard Jonas 22.4%
Institutional Investors 45.6%
Public Float 32%

Key Ownership Details

IDT Corporation's ownership structure includes:

  • Howard Jonas serves as the founder and primary individual shareholder
  • Significant institutional investors include Vanguard Group and BlackRock
  • Trading occurs on NYSE under ticker symbol IDT

Insider Ownership

As of Q4 2023, insider ownership breakdown:

Insider Category Percentage
Howard Jonas 22.4%
Executive Leadership 3.2%
Board Members 1.8%


IDT Corporation (IDT) Mission Statement

Company Overview

IDT Corporation (NYSE: IDT) is a global telecommunications and technology company headquartered in Newark, New Jersey. As of fiscal year 2023, the company reported total revenues of $1.32 billion.

Mission Statement Components

The mission statement focuses on delivering innovative telecommunications, technology, and financial services solutions.

Key Business Segments

Segment Revenue (2023) Primary Focus
Telecommunications $752 million International calling, mobile services
Technology Solutions $398 million Digital platforms, software services
Financial Services $172 million Payment processing, fintech solutions

Strategic Objectives

  • Expand global telecommunications infrastructure
  • Develop innovative digital technology solutions
  • Enhance financial technology services
  • Maintain competitive market positioning

Financial Performance Indicators

Metric 2023 Value
Net Income $87.5 million
Operating Cash Flow $142 million
Market Capitalization $1.1 billion

Global Presence

IDT operates in over 20 countries across multiple continents, serving diverse telecommunications and technology markets.

Technology Investment

Annual R&D investment in 2023 was approximately $64 million, representing 4.85% of total revenue.



How IDT Corporation (IDT) Works

Company Overview

IDT Corporation is a multinational telecommunications and technology company headquartered in Newark, New Jersey. As of 2024, the company operates through multiple business segments.

Financial Performance

Financial Metric 2023 Value
Total Revenue $1.42 billion
Net Income $87.3 million
Market Capitalization $621 million

Business Segments

  • IDT Telecom
  • IDT Energy
  • IDT Payment Services
  • IDT International

Telecommunications Services

IDT provides international calling services, prepaid phone cards, and wholesale carrier services. Key markets include Latin America, Africa, and the Caribbean.

Technology Platforms

Platform Description
Boss Revolution International calling and money transfer platform
IDT Payment Solutions Digital payment processing services

Operational Statistics

  • Number of Countries Served: 232
  • Global Employee Count: 1,287
  • Active Customer Base: 3.6 million

Stock Performance

Stock Metric 2024 Value
Stock Price (NYSE: IDT) $38.47
52-Week High $45.22
52-Week Low $29.85


How IDT Corporation (IDT) Makes Money

Business Segments

IDT Corporation generates revenue through multiple business segments as of 2024:

  • Telecom Services
  • Consumer Communication Services
  • Payment Solutions
  • Digital Media Services

Telecom Services Revenue

IDT's telecom services generated $237.4 million in revenue for fiscal year 2023.

Service Category Annual Revenue
International Long Distance $142.6 million
Wholesale Carrier Services $94.8 million

Payment Solutions Division

IDT's payment solutions segment generated $156.2 million in annual revenue.

  • Mobile Money Transfer Services
  • Remittance Platforms
  • Digital Payment Infrastructure

Net Operating Income

IDT Corporation reported $48.7 million in net operating income for fiscal year 2023.

Financial Metric Amount
Total Revenue $393.6 million
Operating Expenses $345.9 million

Digital Media Services

Digital media services contributed $46.5 million to total revenue in 2023.

Consumer Communication Services

Consumer communication services generated $109.5 million in annual revenue.

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