NASDAQ$KLTR
Kaltura Inc. · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Announced financial results, surpassing guidance for the fourth quarter with record total and subscription revenue, as well as the highest Adjusted EBITDA since Q2 2020.
Kaltura reported a successful fourth quarter and full year 2024, marked by record total and subscription revenue, and the highest Adjusted EBITDA since the second quarter of 2020. The company saw growth in gross and net dollar retention rates, and in new bookings for the third consecutive quarter. For the full year, Kaltura achieved record annual subscription revenue, total revenue, Adjusted EBITDA profit, gross margin, and cash flow from operations.
- Surpassed guidance for the fourth quarter, delivering record total and subscription revenue.
- Achieved the highest Adjusted EBITDA since the second quarter of 2020, fueled by record high gross margin.
- Posted sequential and year-over-year growth in gross and net dollar retention rates, and in new bookings for the third quarter in a row.
- Ended the year with record ARR and RPO, and positive cash flow from operations for the year, for the first time since 2020.
Headline financials
Revenue & EPS history
Kaltura · Revenue · Quarterly
$45.6M
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 first quarter of 2025, Kaltura expects subscription revenue to grow by 5%-7% year-over-year to between $43.4 million and $44.2 million, total revenue to grow by 2%-4% year-over-year to between $45.7 million and $46.5 million, and Adjusted EBITDA to be in the range of $2.5 million to $3.5 million. For the full year ending December 31, 2025, Kaltura expects subscription revenue to grow by 2%-3% year-over-year to between $170.4 million and $173.4 million, total revenue to grow 1%-2% year-over-year to between $179.9 million and $182.9 million, and Adjusted EBITDA to be in the range of $12.7 million to $14.7 million.
Tailwinds
- Subscription Revenue to grow by 5%-7% year-over-year to between $43.4 million and $44.2 million (Q1 2025).
- Total Revenue to grow by 2%-4% year-over-year to between $45.7 million and $46.5 million (Q1 2025).
- Adjusted EBITDA to be in the range of $2.5 million to $3.5 million (Q1 2025).
- Subscription Revenue to grow by 2%-3% year-over-year to between $170.4 million and $173.4 million (FY 2025).
- Total Revenue to grow 1%-2% year-over-year to between $179.9 million and $182.9 million (FY 2025).
Headwinds
- 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 are inherently uncertain and depend on various factors, some of which are outside of the Company’s control.
- The guidance is based on the Company's current expectations relating to the macro-economic climate trends.
- Risks detailed in the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q could cause actual results to differ materially.
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 Q4 2024
+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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