Kaltura Inc. · Q4 2023 earnings

Briefing

Reported record-high total revenues, marking the fifth consecutive quarter of year-over-year growth and achieving increased subscription revenue growth.

Kaltura reported record-high total revenues in Q4 2023, marking the fifth consecutive quarter of year-over-year growth. The company also achieved increased subscription revenue growth and positive cash flow from operations. Kaltura achieved and surpassed original revenue and Adjusted EBITDA guidance for the year.

• Posted record-high total revenues in the fourth quarter, marking the fifth consecutive quarter of year-over-year growth.
• Increased year-over-year subscription revenue growth rate.
• Achieved second consecutive quarter of Adjusted EBITDA profitability and of positive cash flow from operations, both for the first time since 2020.
• Achieved and surpassed original revenue and Adjusted EBITDA guidance for the year.

Headline financials

Revenue & EPS history

For the first quarter of 2024, Kaltura expects: Subscription Revenue to grow (decrease) by (1)%-1% year-over-year to between $39.9 million and $40.6 million. Total Revenue to grow (decrease) by (1)%-1% year-over-year to between $42.7 million and $43.5 million. Adjusted EBITDA to be in the range of $(0.5) million to $0.3 million. For the full year ending December 31, 2024, Kaltura expects: Subscription Revenue to grow (decrease) by (1)%-1% year-over-year to between $161.2 million and $164.2 million. Total Revenue to grow (decrease) by (1)%-1% year-over-year to between $173.7 million and $176.7 million. Adjusted EBITDA to be in the range of $0 million to $1 million.