Loading...
•
Mar 31, 2024
Kaltura Q1 2024 Earnings Report
Announced financial results for the first quarter of 2024, demonstrating growth in revenue and progress towards profitability.
Key Takeaways
Kaltura reported record total revenues and subscription revenues for Q1 2024, marking the sixth consecutive quarter of year-over-year growth. The company also achieved its third consecutive quarter of Adjusted EBITDA profitability and showed significant year-over-year improvement in cash flows.
Total revenue increased by 3% year-over-year to $44.8 million.
Subscription revenue increased by 2% year-over-year to $41.2 million.
GAAP Operating loss decreased to $7.3 million, compared to $12.0 million in the first quarter of 2023.
Adjusted EBITDA was $0.6 million, compared to negative $2.7 million for the first quarter of 2023.
Revenue by Segment
Forward Guidance
Kaltura provided financial outlook for the second quarter and full year 2024.
Positive Outlook
- Subscription Revenue to be between $39.6 million and $40.3 million for Q2 2024.
- Total Revenue to be between $42.7 million and $43.5 million for Q2 2024.
- Adjusted EBITDA to be between negative $0.6 million to positive $0.4 million for Q2 2024.
- Subscription Revenue to be between $161.2 million and $164.2 million for the full year 2024.
- Total Revenue to be between $173.7 million and $176.7 million for the full year 2024.
Challenges Ahead
- Adjusted EBITDA to be in the range of $0 million to $1 million for the full year 2024.
- Guidance contains forward-looking statements and actual results may differ materially.
- Kaltura has not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net loss.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...