Kaltura Q2 revenue $43.9M (+5% YoY), GAAP net loss narrows to $10.8M; guides Q3 sub rev growth 5-7%

KALTURA INC

2023-Q2 EPS reported -$0.17 revenue$87,153,000

Revenue $43.9M (+5% YoY); subscription revenue $40.7M (+7% YoY); ARR $163.4M (+8%).
GAAP net loss $10.8M ($0.08/diluted) vs $17.3M loss ($0.13) in Q2 2022; Adjusted EBITDA negative $1.0M vs negative $8.5M.
Q3 2023 outlook: sub rev $39.8-40.6M (+5-7% YoY); Adj EBITDA negative $0.5-1.0M.
FY 2023 outlook: sub rev $159.6-161.7M (+5-6%); total rev $170-173M (+1-2%); Adj EBITDA negative $4.5-5.5M.
Business highlights: won EdTech Breakthrough, Eventex awards; started harnessing Generative AI into video experiences.

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