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Kaltura Q1 2025 Earnings Report
Kaltura reported strong first quarter 2025 financial results, surpassing guidance with record total and subscription revenue, significant net loss improvement, and positive Adjusted net income.
Key Takeaways
Kaltura, Inc. announced strong financial results for the first quarter ended March 31, 2025, exceeding guidance with record total and subscription revenue. The company achieved significant improvements in GAAP and non-GAAP net loss, reaching a record positive Adjusted net income and earnings profitability per share. Annualized Recurring Revenue (ARR) and net dollar retention rate also saw record highs.
Revenue for Q1 2025 increased by 5% to $47.0 million compared to Q1 2024.
Subscription Revenue grew by 9% to $44.9 million in Q1 2025.
GAAP Net loss significantly improved to $1.1 million ($0.01 per diluted share) in Q1 2025 from $11.1 million ($0.08 per diluted share) in Q1 2024.
Adjusted EBITDA reached $4.1 million in Q1 2025, up from $0.6 million in Q1 2024.
Revenue by Segment
Forward Guidance
Kaltura expects continued growth in the second quarter and full year 2025, driven by customer consolidation, mature products, and increasing adoption of Gen AI capabilities.
Positive Outlook
- Forecasts a return to growth in new bookings for the full year.
- Anticipates continued customer consolidation around its platform.
- Expects growth from the maturity of its newer products.
- Foresees increasing adoption of exciting new Gen AI capabilities by customers.
- Projects gradual growth in its sales force.
Challenges Ahead
- Subscription Revenue for Q2 2025 is projected to be lower than Q1 2025.
- Total Revenue for Q2 2025 is projected to be lower than Q1 2025.
- Adjusted EBITDA for Q2 2025 is projected to be lower than Q1 2025.
- The company acknowledges inherent uncertainties and factors outside its control that could affect actual results.
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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