Kaltura (NASDAQ:KLTR – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02, FiscalAI reports. The firm had revenue of $46.89 million for the quarter, compared to the consensus estimate of $45.60 million. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%.
Here are the key takeaways from Kaltura’s conference call:
- Q2 results exceeded guidance: Revenue rose 5% year over year to $46.9 million, subscription revenue increased 8% to $45.6 million, and adjusted EBITDA grew 44% to a record $5.9 million. Non-GAAP gross margin also reached a record 75%.
- Kaltura reported accelerating AI adoption, with a record 14 new deals—including nine involving Agentic Avatars—and more than 500 AI-related pipeline opportunities representing approximately $17 million of non-weighted potential annual contract value. Management expects limited AI revenue in the second half of 2026 but a more meaningful contribution in 2027.
- Management raised full-year 2026 guidance to subscription revenue of $176.6 million-$178.6 million, total revenue of $183 million-$185 million, and adjusted EBITDA of $15.8 million-$17.2 million, while continuing to invest in AI products and PathFactory integration.
- Retention and certain business segments remain pressured: net dollar retention was 96%, Media and Telecom revenue declined 10% year over year, and management expects continued churn or attrition in legacy contracts, including PathFactory customers, over the next several quarters.
- Kaltura is repositioning around Agentic Revenue Engagement and Agentic Learning and Enablement, combining its platform with PathFactory’s content intelligence. The strategy could broaden the addressable market, but the company acknowledged that the standalone PathFactory business is declining and that the new offerings are still early in commercialization.
Kaltura Trading Down 4.5%
NASDAQ KLTR traded down $0.09 during trading on Thursday, reaching $1.80. The company’s stock had a trading volume of 1,954,421 shares, compared to its average volume of 598,416. The stock has a market capitalization of $246.54 million, a PE ratio of -18.05 and a beta of 1.15. Kaltura has a 1-year low of $1.05 and a 1-year high of $2.05. The business has a 50-day moving average price of $1.39 and a 200-day moving average price of $1.37.
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd acquired a new stake in shares of Kaltura during the 2nd quarter worth approximately $28,000. BNP Paribas Financial Markets grew its holdings in Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after acquiring an additional 7,184 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Kaltura by 276.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock valued at $41,000 after acquiring an additional 15,052 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Kaltura in the 4th quarter valued at $38,000. Finally, NewEdge Advisors LLC bought a new position in shares of Kaltura in the 2nd quarter worth $48,000. 30.79% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on KLTR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price target on shares of Kaltura in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Kaltura has an average rating of “Hold” and an average target price of $3.00.
Check Out Our Latest Report on Kaltura
About Kaltura
Kaltura, Inc (NASDAQ: KLTR) is a leading provider of video technology solutions designed to empower organizations to create, manage, distribute and monetize video content at scale. The company’s cloud-native platform supports an array of use cases including enterprise communications, online learning, virtual events, media delivery and over-the-top (OTT) television services. By combining open-source roots with software-as-a-service (SaaS) flexibility, Kaltura offers organizations the ability to tailor their video workflows and integrate seamlessly with existing collaboration, learning management and content management systems.
Key offerings from Kaltura include a comprehensive video management system, live streaming and video conferencing capabilities, lecture capture for educational institutions, virtual events and webinars, and turnkey OTT solutions.
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