Record-Breaking Revenue and Growth
Kaltura reported record total revenue of $45.6 million for the fourth quarter, up 3% year-over-year, and record subscription revenue of $43.4 million, up 6% year-over-year. The company also achieved record ARR and RPO levels.
Improved Profitability Metrics
Adjusted EBITDA for the fourth quarter was $2.7 million, marking the sixth consecutive quarter of adjusted EBITDA profitability and the highest quarterly results over the past four years. Cash flow from operations was $4.3 million.
Strong New Subscription Bookings
New subscription bookings in the fourth quarter were at the highest level since Q4 2022, with four seven-digit deals and 29 six-digit deals, the highest combined number since Q3 2022.
AI Innovations and Industry Recognition
Launched beta releases of AI-infused offerings, Class Genie and Work Genie, with strong interest from large organizations. Kaltura's AI innovations received industry recognition, earning a place in the Feed Magazine 2024 Honors List in the Special Recognition in AI category.
Positive Gross Margin and Cash Flow
GAAP gross profit for Q4 was $32.3 million, up 13% year-over-year, with a gross margin of 71%. Net cash provided by operating activities was $4.3 million in the quarter.