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Private company

IDT Media

Logo: magebit.com3

IDT Media is a legal entity in Latvia founded in 2013.1 Its website says: “We are very happy with the success that the Magebit Team has brought us!”3 It was founded by Arturs Kruze and Kristaps Rjabovs.1 It is headquartered in Riga.1 Its chief executive is Kristaps Rjabovs (since 2016).1 It employed 120 people in 2024.1 Its revenue was €5.5 million in 2023.1

Last updated Oct 21, 2026.

Overview

Apr 15, 2013Founded1
  • Industrycomputer programming activities, e-commerce, information technology, professional service, web development1
  • HeadquartersRiga1
  • Websitemagebit.com
  • Legal formlimited liability company1
  • LEI984500C606CCEC956B652
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressAleksandra Čaka iela 125 - 7, LV-1011 Rīga, Latvia2
  • Registered withRegister of Enterprises of the Republic of Latvia, 401036598602

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Corporate structure

IDT Media sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • IDT Media Rīga, Latvia
    • Velocity Lab Subsidiary · Riga, Latvia
    • Magebit Inc Subsidiary · United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What IDT Media reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by Arturs Kruze and Kristaps Rjabovs on Apr 15, 2013.1

Leadership

Who has led IDT Media, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Arturs Kruze2013–2016
  2. Kristaps Rjabovs2016–now
201520202025
Board members and other officers (1)

Subsidiaries and ownership

Owners

Subsidiaries

From Wikidata.1

Employees over time

  • 20241201

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

IDT Media revenue by year15.5M EUR in 2023+192% since 2020
02.0M EUR4.0M EUR6.0M EUR2020: 1.9M EUR1.9M EUR20202021: 3.4M EUR3.4M EUR2021+78%2022: 4.5M EUR4.5M EUR2022+34%2023: 5.5M EUR5.5M EUR2023+22%
  • 20235.5M EUR1
  • 20224.5M EUR1
  • 20213.4M EUR1
  • 20201.9M EUR1

Timeline

  1. Feb 19, 2016New chief executive Kristaps Rjabovs becomes CEO1
  2. May 15, 2013New chief executive Arturs Kruze becomes CEO1
  3. Apr 15, 2013Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
    Company websiteIDT Media logo