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Mar 31, 2022
Kaltura Q1 2022 Earnings Report
Announced financial results exceeding guidance for the first quarter of 2022.
Key Takeaways
Kaltura's first quarter revenue and adjusted EBITDA exceeded the high end of their guidance range. The company's revenue for the first quarter of 2022 was $41.7 million, an increase of 11% compared to $37.7 million for the first quarter of 2021.
Revenue for the first quarter of 2022 was $41.7 million, an increase of 11% compared to $37.7 million for the first quarter of 2021.
Subscription revenue for the first quarter of 2022 was $37.0 million, an increase of 14% compared to $32.3 million for the first quarter of 2021.
Annualized Recurring Revenue (ARR) for the first quarter of 2022 was $147.7 million, an increase of 15% compared to $128.6 million for the first quarter of 2021.
GAAP Operating loss was $14.7 million for the first quarter of 2022, compared to an operating loss of $8.6 million for the first quarter of 2021.
Revenue by Segment
Forward Guidance
Kaltura provided guidance for the second quarter and full year 2022.
Positive Outlook
- Subscription Revenue to grow by 1%-3% year-over-year to between $36.8 million and $37.6 million for Q2 2022.
- Total Revenue to grow by 0%-2% year-over-year to between $41.6 million and $42.4 million for Q2 2022.
- Subscription Revenue to grow by 10%-13% year-over-year to between $159.5 million and $163.8 million for the full year 2022.
- Total Revenue to grow by 5%-8% year-over-year to between $173.3 million and $178.2 million for the full year 2022.
Challenges Ahead
- Adjusted EBITDA to be negative in the range of $8.5 million to $11.5 million for Q2 2022.
- Adjusted EBITDA to be negative in the range of $27.0 million to $32.0 million for the full year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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