Kaltura Q3 revenue down 4% YoY to $41.1M; net loss $0.15/diluted share

• Revenue for the third quarter of 2022 was $41.1 million, a decrease of 4% compared to $43.0 million for the third quarter of 2021. • Subscription revenue for the third quarter of 2022 was $37.9 million, an increase of 1% compared to $37.7 million for the third quarter of 2021. • Annualized Recurring Revenue (ARR) for the third quarter of 2022 was $152.9 million, an increase of 1% compared to $151.7 million for the third quarter of 2021. • GAAP Gross profit for the third quarter of 2022 was $26.4 million, representing a gross margin of 64% compared to a GAAP gross profit of $27.8 million and gross margin of 65% for the third quarter of 2021. • Non-GAAP Gross profit for the third quarter of 2022 was $26.8 million, representing a non-GAAP gross margin of 65%, compared to a non-GAAP gross profit of $28.1 million and non-GAAP gross margin of 65% for the third quarter of 2021. • GAAP Operating loss was $14.9 million for the third quarter of 2022, compared to an operating loss of $5.9 milli

For the full year ending December 31, 2022, Kaltura currently expects: • Subscription Revenue to grow by 4%-5% year-over-year to between $151.4 million and $152.4 million. • Total Revenue to grow by 2% year-over-year to between $167.7 million and $168.7 million. • Adjusted EBITDA to be negative in the range of $30.5 million to $29.5 million.

For the fourth quarter of 2022, Kaltura currently expects: • Subscription Revenue to grow by 0%-3% year-over-year to between $38.5 million and $39.5 million. • Total Revenue to increase by 1%-3% year-over-year to between $43.0 million and $44.0 million. • Adjusted EBITDA to be negative in the range of $6.5 million to $5.5 million.