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Sep 30, 2021
Kaltura Q3 2021 Earnings Report
Reported financial results with revenue, subscription revenue, and ARR growing at or above 40% year-over-year.
Key Takeaways
Kaltura reported a 40% increase in revenue for Q3 2021 compared to Q3 2020, with subscription revenue also increasing by 40%. The Annualized Recurring Revenue (ARR) grew by 41% year-over-year. However, the company experienced an increased net loss compared to the previous year.
Total revenue, subscription revenue and ARR each growing at or above 40% year-over-year.
Net Dollar Retention Rate increased to 117% from 111% in Q3 2020.
Kaltura positioned as a Visionary in 2021 Gartner Magic Quadrant for Meeting Solutions.
Continued product development work towards launch of next generation virtual event platform.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2021, Kaltura expects revenue to be in the range of $41.2 million to $43.2 million and Adjusted EBITDA to be negative in the range of $9.5 million to $7.5 million. For the full year, revenue is expected to be in the range of $163.5 million to $165.5 million and Adjusted EBITDA to be negative in the range of $14.1 million to $12.1 million.
Positive Outlook
- Revenue to be in the range of $41.2 million to $43.2 million for Q4 2021.
- Revenue to be in the range of $163.5 million to $165.5 million for the full year 2021.
- The guidance is based on current expectations relating to COVID-19 and its variants.
- Weighted average basic and diluted shares to be approximately 126.7 million for Q4 2021.
- Weighted average basic and diluted shares to be approximately 70.7 million for the full year 2021.
Challenges Ahead
- Adjusted EBITDA to be negative in the range of $9.5 million to $7.5 million for Q4 2021.
- Adjusted EBITDA to be negative in the range of $14.1 million to $12.1 million for the full year 2021.
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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