The earnings call presented a mix of achievements and challenges. While there were several positive developments such as record profits, strong adjusted EBITDA, and strategic contract expansions, there were significant declines in M&T revenue, professional services, and a notable workforce reduction. The positive aspects were strong, but the lowlights indicate areas of concern, especially in specific segments.

Company Guidance

During the Kaltura Second Quarter 2025 Earnings Call, the company provided several key metrics and guidance for the upcoming quarters. Total revenue for the second quarter was reported at $44.5 million, marking a 1% year-over-year increase, with subscription revenue reaching $42.4 million, up 3% year-over-year. The company achieved a record non-GAAP net profit of $2.5 million and an adjusted EBITDA of $4.1 million, maintaining profitability for the eighth consecutive quarter. Gross retention rates in the EE&T segment reached their best level since Q4 2022, despite the M&T segment experiencing a 14% decline in revenue year-over-year. Kaltura anticipates sequential growth in M&T revenue in Q4 2025 driven by improved gross retention and new bookings. Additionally, Kaltura reported a strong non-GAAP gross margin of 70%, up from 66% in the previous year, and cash flow from operations was $2.7 million, the highest for a second quarter since 2020. The company is maintaining its full-year revenue guidance while increasing its adjusted EBITDA guidance, expecting it to be between $14.5 million and $16 million for the year.

Record Non-GAAP Net Profit

Kaltura posted a record non-GAAP net profit of $2.5 million in the second quarter of 2025.

Strong Adjusted EBITDA

Adjusted EBITDA was $4.1 million, consistent with the record first quarter, representing the eighth consecutive quarter of profitability.

Subscription Revenue Growth

Subscription revenue increased by 3% year-over-year to $42.4 million.

Expansion of Vodafone Contract

Kaltura announced the extension and expansion of its long-term contract with Vodafone, highlighting continued leadership in the cloud TV market.

AI Deal Success

Closed first three AI deals, which included sales of new offerings, Content Lab and Genie.

Improved Gross Margin

Non-GAAP gross margin improved to 70%, up from 66% in the same quarter last year.

Cash Flow from Operations

Achieved $2.7 million in cash flow from operations, marking the highest second quarter result since 2020.

Kaltura (KLTR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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KLTR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	>-0.01 / -	0.01	―	―	―
Aug 07, 2025	2025 (Q2)	>-0.01 / 0.01	-0.01	200.00% (+0.02)	―
May 08, 2025	2025 (Q1)	>-0.01 / 0.02	-0.03	166.67% (+0.05)	―
Feb 20, 2025	2024 (Q4)	>-0.01 / -0.01	-0.03	66.67% (+0.02)	―
Nov 06, 2024	2024 (Q3)	-0.02 / 0.01	-0.02	150.00% (+0.03)	―
Aug 08, 2024	2024 (Q2)	-0.02 / -0.01	-0.02	50.00% (+0.01)	―
May 08, 2024	2024 (Q1)	-0.02 / -0.03	-0.03	0.00% (0.00)	―
Feb 22, 2024	2023 (Q4)	-0.03 / -0.03	-0.06	50.00% (+0.03)	―
Nov 08, 2023	2023 (Q3)	-0.02 / -0.02	-0.09	77.78% (+0.07)	―
Aug 02, 2023	2023 (Q2)	-0.04 / -0.02	-0.08	75.00% (+0.06)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KLTR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$1.71	$1.71	0.00%
May 08, 2025	$2.20	$2.18	-0.91%
Feb 20, 2025	$2.50	$2.45	-2.00%
Nov 06, 2024	$1.42	$1.73	+21.83%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.