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Sep 30, 2022
Kaltura Q3 2022 Earnings Report
Announced financial results, showing progress towards planned return to profitable growth with improved cash flow and Adjusted EBITDA.
Key Takeaways
Kaltura's Q3 2022 revenue was $41.1 million, a decrease of 4% compared to Q3 2021. Subscription revenue increased by 1% to $37.9 million. The company is progressing towards its planned return to profitable growth, with improved cash flow and Adjusted EBITDA.
Revenue for the third quarter of 2022 was $41.1 million, a decrease of 4% compared to $43.0 million for the third quarter of 2021.
Subscription revenue for the third quarter of 2022 was $37.9 million, an increase of 1% compared to $37.7 million for the third quarter of 2021.
GAAP Operating loss was $14.9 million for the third quarter of 2022, compared to an operating loss of $5.9 million for the third quarter of 2021.
Net Cash Provided by Operating Activities was $1.1 million for the third quarter of 2022, compared to $(5.7) million for the third quarter of 2021.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2022, Kaltura currently expects: Subscription Revenue to grow by 0%-3% year-over-year to between $38.5 million and $39.5 million. Total Revenue to increase by 1%-3% year-over-year to between $43.0 million and $44.0 million. Adjusted EBITDA to be negative in the range of $6.5 million to $5.5 million.
Positive Outlook
- Subscription Revenue to grow by 0%-3% year-over-year to between $38.5 million and $39.5 million.
- Total Revenue to increase by 1%-3% year-over-year to between $43.0 million and $44.0 million.
Challenges Ahead
- Adjusted EBITDA to be negative in the range of $6.5 million to $5.5 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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