NASDAQ$KLTR

Kaltura Inc. · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

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.

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.

Headline financials

Total Revenue

$47M

Previous: $44.8M+4.9%
EPS (adj)

$0.02

Previous: -$0.08+125.0%
Annualized Recurring Revenue

$175M

Previous: $163M+7.5%
Net Dollar Retention Rate

107.0%

Previous: 98.0%+9.2%
Remaining Performance Obligations

$185M

Previous: $165M+11.9%
Capital Expenditures

-$297K

Previous: -$93K-219.4%
Net Income

$1.12M

Previous: -$11.1M+110.1%
Operating Income

$1.58M

Previous: -$7.29M+121.6%
Gross Profit

$32.7M

Previous: $28.6M+14.4%

Revenue & EPS history

Kaltura · Revenue · Quarterly

$47M

Q1 2025+4.9%vs Q1 2024
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Kaltura · $43.5M total across 2 segments · Q3 2023

  • Enterprise, Education & Tech
    $31.1M+3.5%
  • Media & Telecom
    $12.4M+13.2%

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.

Tailwinds

  • 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.

Headwinds

  • 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.
  • The guidance is based on current expectations relating to macro-economic climate trends, which can be volatile.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.2%

Avg return

Earnings day

+1.8%

Avg return

5 days after

-4.4%

Avg return

30 days after

59%

13 / 22 earnings

Positive

+33.1%

Q3 2024

Best reaction

-38.3%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%+5.8%
Q4 2025-9.4%-11.5%-18.7%
Q3 2025+24.7%+13.6%+14.3%
Q1 2025-0.5%+4.5%+1.4%
Q4 2024-2.0%-18.4%-25.2%
Q3 2024+33.1%+46.1%+57.7%
Q2 2024+3.5%+7.0%-5.2%
Q1 2024-3.1%-6.2%-36.4%
Q4 2023+2.1%-3.4%-8.3%
Q3 2023+1.1%-2.3%+2.3%
Q2 2023+4.0%+5.1%-2.5%
Q1 2023+5.1%+5.7%+2.3%
Q4 2022-2.0%-4.0%-1.0%
Q3 2022+11.4%+16.2%+10.2%
Q2 2022-1.9%-6.8%-18.4%
Q1 2021+2.7%+11.4%+20.8%
Q1 2022+1.4%+9.9%+28.4%
Q4 2021-38.3%-27.3%-39.9%
Q3 2021-35.2%-34.4%-58.1%
Q2 2020+9.8%+4.5%-7.6%
Q4 2020+9.8%+4.5%-7.6%
Q2 2021+12.1%+20.6%-0.6%
Q3 2020
Q1 2020

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