Greg McKinley's questions to IDT (IDT) leadership • Q4 2024
Question
Asked about the money transfer business's incremental margins and investment needs now that it's profitable, and for a forward outlook on the traditional business's rate of decline, as well as consolidated revenue and EBITDA growth for fiscal 2025.
Answer
Executives stated the focus for BOSS Money is on long-term customer value and improving gross margin per transaction, not just expanding margins. They project BOSS Money EBITDA to more than double to over $10M in FY25. The decline in the traditional business's EBITDA is expected to moderate to about $5-6M in FY25 due to cost cuts and growth in mobile top-up. Consolidated revenue is expected to see a slight increase, and consolidated EBITDA is guided to top $100M in FY25, up from a record $90M in FY24.