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Jun 30, 2022
Kaltura Q2 2022 Earnings Report
Announced financial results, reporting a slight revenue increase and implementing cost-reduction measures.
Key Takeaways
Kaltura reported a 1% increase in revenue for Q2 2022 compared to Q2 2021, with subscription revenue up by 4%. The company is implementing a cost-reduction plan, including downsizing approximately 10% of its employee base, to accelerate a return to profitable growth.
Revenue increased by 1% year-over-year, reaching $42.0 million.
Subscription revenue grew by 4% year-over-year, totaling $38.0 million.
GAAP Operating loss was $15.5 million, compared to an operating loss of $5.8 million for the second quarter of 2021.
The company is implementing a cost-reduction plan that includes downsizing approximately 10% of its employee base.
Revenue by Segment
Forward Guidance
For the third quarter of 2022, Kaltura expects subscription revenue to grow by 0%-2% year-over-year to between $37.7 million and $38.4 million, and total revenue to decrease by 5%-3% year-over-year to between $40.8 million and $41.7 million. Adjusted EBITDA is expected to be negative in the range of $8 million to $10 million.
Positive Outlook
- Subscription Revenue to grow by 0%-2% year-over-year to between $37.7 million and $38.4 million.
Challenges Ahead
- Total Revenue to decrease by 5%-3% year-over-year to between $40.8 million and $41.7 million.
- Adjusted EBITDA to be negative in the range of $8 million to $10 million.
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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