Kaltura Q2 revenue flat at $44.0M; Adjusted EBITDA positive $1.6M, guidance raised

KALTURA INC

2024-Q2 EPS reported -$0.14 revenue$88,813,000

Revenue $44.0M (flat YoY); subscription revenue $41.0M (+1%); ARR $165.2M (+1%).
GAAP net loss $10.0M ($0.07/sh) vs $10.8M ($0.08/sh) in Q2 2023.
Adjusted EBITDA $1.6M compared to negative $1.0M in Q2 2023; fourth consecutive quarter of positive Adj. EBITDA.
Full-year 2024 total revenue guidance raised to $174.7-176.7M (flat to +1% YoY); Adj. EBITDA guided to $2.0-3.0M.
23 six-digit deals closed; AI product enhancements launched; gross retention rate improved.

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