Kaltura Q1 2024 revenue $44.8M (+3% YoY), posts positive Adjusted EBITDA of $0.6M

KALTURA INC

Revenue $44.8M (+3% YoY); subscription revenue $41.2M (+2% YoY); ARR $162.7M (+2% YoY).
GAAP net loss $11.1M ($0.08/diluted) vs $12.8M ($0.09) prior year; non-GAAP net loss $4.4M ($0.03).
Adjusted EBITDA +$0.6M vs -$2.7M in Q1 2023; cash from operations used $1.1M vs $7.4M.
Full-year 2024 guidance: subscription revenue $161.2-164.2M, total $173.7-176.7M, Adj EBITDA $0-1M.
Gross retention improved for third consecutive quarter; closed 12 six-digit deals and 1 seven-digit deal.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KALTURA INC reported first quarter ended March 31, 2024 results: revenue $44.8 million, net income $11.1 million, EPS $0.08 per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $44.8 million
Net income: $11.1 million
EPS: $0.08 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

bookings, will support our path towards sustainable profitable growth,” concluded Yekutiel. First Quarter 2024 Financial Highlights: • Revenue for the first quarter of 2024 was $44.8 million, an increase of 3% compared to $43.3 million for the first quarter of 2023. • Subscription Revenue for the first quarter of 2024 was $41.2 million, an increase of 2% compared to

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Source: SEC EDGAR

accession 0001432133-24-000109

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