Kaltura, Inc. ( (KLTR) ) has released its Q4 earnings. Here is a breakdown of the information Kaltura, Inc. presented to its investors.
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Kaltura, Inc. operates as a video experience cloud company, providing enterprises, educational institutions, and media and telecom companies with live, real-time, and on-demand video products, enhanced by generative AI capabilities. Kaltura has announced its financial results for the fourth quarter and full year 2024, showcasing record revenues and improved profitability metrics.
Kaltura’s fourth quarter of 2024 saw a revenue increase to $45.6 million, up 3% from the previous year. Subscription revenue grew by 6% to $43.4 million, while the company achieved a notable improvement in its adjusted EBITDA, reaching $2.7 million compared to $0.8 million in Q4 2023. The annualized recurring revenue (ARR) rose by 6% to $173.9 million, and the company reported a significant increase in its gross margins.
The full year 2024 presented record figures for Kaltura, with total revenue growing to $178.7 million and subscription revenue climbing to $167.7 million. The GAAP operating loss was reduced significantly from $38.7 million in 2023 to $24.1 million in 2024. Notably, the company turned a non-GAAP operating loss into a profit of $2.7 million, reflecting strong operational improvements.
Looking forward, Kaltura’s management is optimistic about continued growth in 2025, expecting subscription revenue to grow by up to 3% and total revenue by up to 2% year-over-year. The company plans to capitalize on market improvements and its innovative Gen AI products to drive further growth and profitability.
