Kaltura reported a 2% increase in revenue, record subscription revenue and ARR, a record high in cash flow, and positive Adjusted EBITDA for the fifth consecutive quarter. The company also increased its revenue and Adjusted EBITDA guidance for the full year and expects to post positive cash flow from operations in the fourth quarter and for the full year.
Delivered record subscription revenue and ARR.
Cash flow was at a record high.
Adjusted EBITDA was positive for the fifth consecutive quarter.
Increased revenue and Adjusted EBITDA guidance for the full year.
Kaltura expects for the fourth quarter of 2024 subscription Revenue to grow by 2%-4% year-over-year to between $41.8 million and $42.5 million, Total Revenue to grow (decline) by (1)% - 1% year-over-year to between $44.0 million and $44.7 million and Adjusted EBITDA to be in the range of $0.5 million to $1.5 million. For the full year ending December 31, 2024, Kaltura currently expects: Subscription Revenue to grow by 2% year-over-year to between $166.1 million and $166.8 million, Total Revenue to grow by 1% - 2% year-over-year to between $177.1 million and $177.8 million and Adjusted EBITDA to be in the range of $5.1 million to $6.1 million.
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