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Mar 31, 2023
Kaltura Q1 2023 Earnings Report
Kaltura's financial performance remained steady with revenue targets met and reaffirmation of reaching cash-flow-from-operations break-even in 2024.
Key Takeaways
Kaltura reported a 4% increase in revenue compared to Q1 2022, alongside a 9% increase in subscription revenue. The company is reaffirming its expectation of reaching cash-flow-from-operations break-even during 2024, and posting a positive Adjusted EBITDA for the full year of 2024.
Revenue increased by 4% year-over-year, with subscription revenue up by 9%.
ARR increased by 8% year-over-year.
GAAP operating loss decreased compared to the same period last year.
Net cash used in operating activities decreased compared to the same period last year.
Revenue by Segment
Forward Guidance
Kaltura provided financial outlook for the second quarter and full year 2023.
Positive Outlook
- Subscription Revenue to grow by 5%-7% year-over-year in Q2 2023.
- Total Revenue to grow by 2%-4% year-over-year in Q2 2023.
- Subscription Revenue to grow by 4%-6% year-over-year for the full year 2023.
- Total Revenue to grow by 0%-2% year-over-year for the full year 2023.
- Reaffirming expectation of reaching cash-flow-from-operations break-even during 2024, and posting a positive Adjusted EBITDA for the full year of 2024.
Challenges Ahead
- Adjusted EBITDA to be negative in the range of $1.5 million to $2.5 million for Q2 2023.
- Adjusted EBITDA to be negative in the range of $5.0 million to $8.0 million for the full year 2023.
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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