Fubotv earnings beat by $0.10, revenue topped estimates
NEW YORK - IQSTEL Inc. (NASDAQ:IQST) announced preliminary unaudited revenue of $128.8 million for the first half of 2025, with June contributing $27.3 million, according to a company press release. The company, currently valued at $27 million in market capitalization, has maintained strong revenue growth of 69% over the last twelve months. InvestingPro data shows IQST trading at a relatively low revenue multiple compared to peers.
The June figure represents an increase from May’s $23.7 million. Beginning July 1, the company will start consolidating revenue from its newly acquired Globetopper subsidiary, which is expected to add between $5 million and $6 million in monthly revenue.
IQSTEL projects reaching a $400 million annualized revenue run rate during the third quarter, ahead of its original year-end target. The company maintains its $340 million revenue forecast for the full year 2025.
"We’re pleased with the strong performance in the first half and even more enthusiastic about what lies ahead," said Leandro Iglesias, CEO of IQSTEL, in the statement. "Historically, the second half of the year delivers even stronger results."
The company is pursuing growth through organic expansion, acquisitions, and AI-powered service offerings, including its recently launched IQ2Call.ai product. IQSTEL operates in 21 countries with 100 employees, providing services across telecom, fintech, and cybersecurity sectors.
The company has stated a longer-term revenue goal of $1 billion by 2027, building on growth from $13 million in 2018 to nearly $300 million in 2024, according to the press release. The stock has experienced significant volatility, with shares down 46% over the past six months. Discover more insights and 12 additional ProTips about IQST on InvestingPro.
In other recent news, IQSTEL Inc. has reported a preliminary net revenue of approximately $77.8 million for the first four months of 2025, marking a 12% increase from the previous year. The company is maintaining its full-year revenue forecast of $340 million, with expectations of reaching a $400 million annualized revenue run rate by the end of 2025. IQSTEL has also announced the acquisition of a 51% stake in fintech company GlobeTopper, which is expected to generate over $65 million in profitable revenue this year. The acquisition aligns with IQSTEL’s strategic plan to become a $1 billion revenue corporation by 2027. Additionally, the company has launched IQ2Call, an AI-powered call center service, targeting a global market valued at $496 billion. IQSTEL has reduced its debt by $6.9 million, which will be reflected in the company’s Q3 2025 financial reports, and expects to realize $0.92 million in interest savings. The company continues to expand its global footprint, operating in 21 countries, and is focused on scaling its high-tech divisions. These recent developments underscore IQSTEL’s strategic growth initiatives in telecom, fintech, and cybersecurity sectors.
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