NASDAQ$KLTR
Kaltura Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported record subscription revenue for the fourth consecutive quarter and achieved adjusted EBITDA profits for the first time since 2020.
Kaltura announced financial results for Q3 2023, showing a 6% increase in revenue compared to Q3 2022. The company achieved adjusted EBITDA profits for the first time since 2020 and positive cash flow from operations. They are slightly raising their revenue and adjusted EBITDA guidance for the full year, and reaffirming plans to achieve a positive adjusted EBITDA in 2024.
- Revenue for the third quarter of 2023 was $43.5 million, an increase of 6% compared to $41.1 million for the third quarter of 2022.
- Subscription revenue for the third quarter of 2023 was $40.8 million, an increase of 8% compared to $37.9 million for the third quarter of 2022.
- Adjusted EBITDA was $0.3 million for the third quarter of 2023, compared to adjusted EBITDA of $(7.2) million for the third quarter of 2022.
- Net Cash Provided by Operating Activities was $1.7 million for the third quarter of 2023, compared to $1.1 million for the third quarter of 2022.
Headline financials
Revenue & EPS history
Kaltura · Revenue · Quarterly
$43.5M
Revenue by segment
Kaltura · $43.5M total across 2 segments · Q3 2023
- Enterprise, Education & Tech$31.1M+3.5%71.4%
- Media & Telecom$12.4M+13.2%28.6%
Forward guidance
For the fourth quarter of 2023, Kaltura currently expects: Subscription Revenue to grow by negative 3% to positive 1% year-over-year to between $38.4 million and $39.8 million. Total Revenue to decrease by 7% to 4% year-over-year to between $40.8 million and $42.3 million. Adjusted EBITDA to be negative in the range of $1.1 million to $0.6 million.
Tailwinds
- Subscription Revenue to grow by negative 3% to positive 1% year-over-year to between $38.4 million and $39.8 million.
- Total Revenue to decrease by 7% to 4% year-over-year to between $40.8 million and $42.3 million.
- Adjusted EBITDA to be negative in the range of $1.1 million to $0.6 million.
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 Q3 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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