NASDAQ$KLTR
Kaltura Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Announced financial results, showing progress towards profitable growth with record subscription revenue and the highest total revenue growth rate since Q1 2022.
Kaltura reported a 5% increase in revenue compared to the second quarter of 2022. Subscription revenue increased by 7%. The company posted its lowest Adjusted EBITDA loss in eight quarters and reaffirmed plans to achieve a positive Adjusted EBITDA in 2024.
- Revenue for the second quarter of 2023 was $43.9 million, an increase of 5% compared to $42.0 million for the second quarter of 2022.
- Subscription revenue for the second quarter of 2023 was $40.7 million, an increase of 7% compared to $38.0 million for the second quarter of 2022.
- GAAP Operating loss was $9.6 million for the second quarter of 2023, compared to an operating loss of $15.5 million for the second quarter of 2022.
- Adjusted EBITDA was negative $1.0 million for the second quarter of 2023, compared to negative adjusted EBITDA of $8.5 million for the second quarter of 2022.
Headline financials
Revenue & EPS history
Kaltura · Revenue · Quarterly
$43.9M
Revenue by segment
Kaltura · $43.9M total across 2 segments · Q2 2023
- Enterprise, Education & Tech$31.2M+2.5%71.0%
- Media & Telecom$12.7M+9.9%29.0%
Forward guidance
For the third quarter of 2023, Kaltura expects subscription revenue to grow by 5%-7% year-over-year to between $39.8 million and $40.6 million, and total revenue to grow by 4%-6% year-over-year to between $42.7 million and $43.5 million. Adjusted EBITDA is expected to be negative in the range of $0.5 million to $1.0 million. For the full year ending December 31, 2023, Kaltura expects subscription revenue to grow by 5%-6% year-over-year to between $159.6 million and $161.7 million, and total revenue to grow by 1%-2% year-over-year to between $170.0 million and $173.0 million. Adjusted EBITDA is expected to be negative in the range of $4.5 million to $5.5 million.
Tailwinds
- Subscription Revenue to grow by 5%-7% year-over-year to between $39.8 million and $40.6 million (Q3 2023).
- Total Revenue to grow by 4%-6% year-over-year to between $42.7 million and $43.5 million (Q3 2023).
- Adjusted EBITDA to be negative in the range of $0.5 million to $1.0 million (Q3 2023).
- Subscription Revenue to grow by 5%-6% year-over-year to between $159.6 million and $161.7 million (FY 2023).
- Total Revenue to grow by 1%-2% year-over-year to between $170.0 million and $173.0 million (FY 2023).
Headwinds
- Adjusted EBITDA to be negative in the range of $0.5 million to $1.0 million (Q3 2023).
- Adjusted EBITDA to be negative in the range of $4.5 million to $5.5 million (FY 2023).
- Guidance contains forward-looking statements and actual results may differ materially.
- Kaltura has not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net loss.
- Reconciliation for Adjusted EBITDA includes items that could materially affect the computation of forward-looking GAAP net loss, are inherently uncertain and depend on various factors.
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 Q2 2023
+1.2%
Avg return
Earnings day
+1.8%
Avg return
5 days after
-4.1%
Avg return
30 days after
59%
13 / 22 earnings
Positive
+33.1%
Q3 2024
Best reaction
-38.3%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.2% | +5.8% | +2.2% | |
| 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% | |
| Q4 2020 | +9.8% | +4.5% | -7.6% | |
| Q2 2020 | +9.8% | +4.5% | -7.6% | |
| Q2 2021 | +12.1% | +20.6% | -0.6% | |
| Q3 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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