This certification validates Kaltura’s approach to building, governing, and scaling AI securely and responsibly across enterprise workflowsNew York, New York, March 25, 2026 (GLOBE NEWSWIRE) -- Kaltura, the Agentic Digital Experience company, today announced it has achieved ISO/IEC 42001 certification, the international standard for Artificial Intelligence Management Systems (AIMS). The certification recognizes Kaltura's ability to proactively identify and mitigate AI-related risks, including data leaks, s ...

This strategic partnership brings Kaltura’s immersive, intelligent, and personalized video-based learning and workplace development experiences to CornerstoneNew York, New York, March 23, 2026 (GLOBE NEWSWIRE) -- Kaltura (Nasdaq: KLTR), the Agentic Digital Experience company, today announced a new strategic partnership with Cornerstone OnDemand, a leader in workforce agility solutions . Kaltura is joining the Cornerstone Extend Technology Partner Program to bring deeper, more integrated AI-powered video lea ...

Kaltura, Inc. (NASDAQ:KLTR) Surpasses Earnings ExpectationsKaltura, Inc. (NASDAQ:KLTR) is a company that specializes in providing video technology solutions. It offers a wide range of services, including video management, live streaming, and video conferencing. Kaltura's platform is used by businesses, educational institutions, and media companies to enhance their digital experiences. The company competes with other video technology providers like Zoom and Vimeo.On March 16, 2026, Kaltura reported adjusted ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $45.5 million, up 4% sequentially and almost flat year-over-year, exceeding guidance [25] - Subscription revenue was $42.7 million, up 2% sequentially but down 2% year-over-year, also above guidance [26] - Adjusted EBITDA for Q4 was a record $6.3 million, representing a year-over-year increase of $3.6 million [28] - Full year 2025 adjusted EBITDA reached $18.6 million, a 150% year-over-year increase [5][30] - GAAP net loss for Q4 was $0.6 million, an improvement of $6 million year-over-year [28] - Non-GAAP net profit for Q4 was a record $5.2 million, reflecting a $4.9 million improvement year-over-year [28] Business Line Data and Key Metrics Changes - Professional services revenue for Q4 was $2.9 million, up 31% year-over-year [27] - EE&T total revenue increased 4% year-over-year in Q4, while M&T total revenue declined 12% year-over-year due to elevated churn [27][30] - Annualized recurring revenue in Q4 was $168.2 million, down 3% year-over-year [29] Market Data and Key Metrics Changes - Gross retention in Q4 was the strongest of 2025, with the highest E&T gross retention level in five years [6] - Kaltura was recognized by Frost & Sullivan in their 2025 Frost Radar for Enterprise Video Platforms, highlighting its advanced AI capabilities [6] Company Strategy and Development Direction - The company announced the acquisition of PathFactory for approximately $22 million, aimed at enhancing its AI-driven content journey orchestration capabilities [7][12] - Kaltura is evolving from a video platform to an agentic digital experience platform, integrating AI-powered video-enriched media [10][11] - The strategy includes expanding into broader use cases across B2B and B2C customer experiences, including marketing, sales enablement, and training [9][20] Management's Comments on Operating Environment and Future Outlook - Management expects 2026 to be a transition year with revenue contributions from new products starting in the second half of the year [23] - The company anticipates improved gross retention and new bookings in M&T, leading to sequential quarterly revenue growth in 2027 [22][35] - Management remains committed to balancing growth and profitability while navigating higher FX headwinds affecting operating costs [36] Other Important Information - The company ended Q4 with $62.8 million in cash and marketable securities [31] - Net cash provided by operating activities for the full year was $14.5 million, an increase from $12.2 million in 2024 [32] Q&A Session Summary Question: Could you expand on the sales synergy and cross-selling abilities expected from the PathFactory acquisition? - Management highlighted that PathFactory adds content intelligence and user understanding, enabling orchestration for user journeys and enhancing the overall digital experience platform [40][41] Question: Can you discuss the assumptions behind the 2026 outlook? - Management indicated that while M&T revenue is expected to decline due to last year's performance, they anticipate improved gross retention and new bookings, particularly in the second half of the year [48][51] Question: How do recent acquisitions differentiate Kaltura from competitors? - Management emphasized that the acquisitions position Kaltura to compete more effectively in both traditional video markets and emerging agentic engagement categories, enhancing their product offerings [56][58]

Kaltura (NasdaqGS:KLTR) Q4 2025 Earnings call March 16, 2026 04:30 PM ET Company ParticipantsErica Mannion - Partner and FounderLiron Sharon - EVP of FP&A and Interim Principal Financial OfficerMatt Cavanagh - Equity Research AssociateRon Yekutiel - Co-founder, Chairman, President and CEOOperatorGood day, everyone, and welcome to the Kaltura fourth quarter and full year 2025 earnings call. All material contained in the webcast is the sole property and copyright of Kaltura with all rights reserved. For openi ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $45.5 million, up 4% sequentially and almost flat year-over-year, exceeding guidance [26][29] - Subscription revenue was $42.7 million, up 2% sequentially but down 2% year-over-year, also above guidance [26][29] - Adjusted EBITDA reached a record $6.3 million for Q4 2025, representing a year-over-year increase of $3.6 million [29][31] - Full year 2025 adjusted EBITDA was $18.6 million, a 150% year-over-year increase [5][31] - GAAP net loss for Q4 2025 was $0.6 million, an improvement of $6 million year-over-year [29][32] Business Line Data and Key Metrics Changes - Professional services revenue for Q4 2025 was $2.9 million, up 31% year-over-year [27] - EE&T total revenue increased 4% year-over-year in Q4, while M&T total revenue declined 12% year-over-year due to elevated churn [27][30] - Annualized recurring revenue in Q4 was $168.2 million, down 3% year-over-year [30] Market Data and Key Metrics Changes - Gross retention in Q4 was the strongest of 2025, with the highest E&T gross retention level in five years [5] - Net Dollar Retention for 2025 was 100%, consistent with 2024 levels, reflecting improved retention in EE&T [31] Company Strategy and Development Direction - The company is evolving from a video platform to an agentic digital experience platform, integrating AI-driven capabilities [10][19] - The acquisition of PathFactory aims to enhance user journey orchestration and content intelligence, expanding market reach [12][19] - The strategy focuses on cross-selling opportunities between Kaltura and PathFactory's customer bases [12][46] Management's Comments on Operating Environment and Future Outlook - Management expects 2026 to be a transition year with revenue contribution from new products beginning in the second half of the year [24][35] - The company anticipates improved gross retention and new bookings in M&T, leading to sequential revenue growth in 2027 [23][35] - Management remains committed to balancing growth and profitability while navigating integration costs and FX headwinds [24][37] Other Important Information - The company ended Q4 2025 with $62.8 million in cash and marketable securities [32] - The acquisition of PathFactory is expected to be completed for approximately $22 million in cash [12] Q&A Session Summary Question: Could you expand on the sales synergy and cross-selling abilities expected from the PathFactory acquisition? - Management highlighted the need to evolve into a full digital experience platform, emphasizing the synergy between Kaltura, eSelf.ai, and PathFactory [41][42] Question: Can you discuss the assumptions behind the 2026 outlook? - Management noted that while M&T is expected to face headwinds due to last year's performance, they anticipate improvements in gross retention and bookings [49][52] Question: How do recent acquisitions differentiate Kaltura from competitors? - Management stated that the acquisitions position Kaltura to compete more effectively in both traditional video markets and emerging agentic engagement categories [57][60]

Investor Presentation March 2026 1 Forward - Looking Statements & Non -GAAP Financial Measures Forward - Looking Statements. This presentation contains forward -looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward -looking statements, including but not limited to, statements r ...

Accessibility and Compliance - The company is focusing on accessibility, inclusivity, and regulatory compliance, which includes requirements for captioning and transcription[56]. - Organizations are increasingly seeking platforms that support advanced AI-driven capabilities while ensuring compliance with security and privacy regulations[66]. - The company emphasizes responsible data and AI practices, operating primarily on first-party data to comply with evolving privacy regulations[148]. - The company maintains a commitment to data privacy and security, implementing safeguards such as encryption and access controls[191]. Market Trends and Demand - There is a projected growth in demand for cloud-based OTT platforms as organizations migrate from legacy systems, with a focus on flexible monetization models and personalized viewing experiences[56]. - The shift towards conversational and interactive engagement is highlighted, as users expect experiences that adapt to their needs and context[67]. - The company notes a rising demand for cost-effective content creation and personalization at scale, facilitated by AI-assisted tools[67]. - There is a growing emphasis on first-party data and journey insights to enhance personalization and decision-making[67]. Technology and Innovation - The company emphasizes the importance of AI-assisted technologies for content discovery and personalization, which are driving demand for unified cloud-based control systems[56]. - Kaltura was recognized as a Leader in the IDC MarketScape for AI-Enabled Enterprise Video Platform Vendor Assessment in 2025, highlighting its capabilities in AI-driven solutions[79]. - Kaltura's platform enables organizations to automate workflows, reducing operational costs and improving time to market through AI-driven agents[78]. - The platform incorporates AI-assisted capabilities for automated transcription, translation, captioning, and dubbing, enhancing workflow efficiency[145]. - The introduction of avatar-based video generation capabilities is expected to begin in 2026, further enhancing personalization and reducing production time[116]. Customer Base and Market Position - Kaltura served over 800 customers as of December 31, 2025, including 30 of the U.S. Fortune 100 and more than 40% of US R1 universities[89]. - Approximately 56% of Kaltura's revenue in 2025 was generated from customers in the Americas, 39% from EMEA, and 4% from APAC[91]. - Kaltura serves over 25% of the top 50 global technology companies, indicating strong market penetration in the tech sector[101]. - The company supports more than 40% of US R1 universities, showcasing its significant presence in the education sector[101]. - Kaltura's rich media experiences are differentiated by their integration into enterprise workflows, supporting customer, employee, learner, and audience journeys[140]. Operational Challenges and Solutions - Organizations face operational complexity due to fragmented content management systems, leading to increased costs and inefficiencies[70]. - The company aims to address these challenges by providing integrated platforms that unify rich media creation, management, and analytics[72]. - The company identifies challenges in creating and personalizing rich media content at scale, which traditional methods struggle to address[70]. Strategic Growth and Partnerships - The company plans to expand its offerings to include AI-assisted content creation and conversational engagement, which are expected to drive growth[104]. - Kaltura's acquisition of PathFactory aims to enhance content journey orchestration and engagement analytics, expected to close in March 2026[104]. - The company has established strategic partnerships with technology providers and system integrators to extend its reach and support co-sell and re-sell relationships[182]. - The company is expanding its go-to-market strategies to include product-led growth and developer-led growth initiatives, targeting smaller organizations and departmental deployments[106]. Financial and Economic Factors - As of December 31, 2025, the company had outstanding floating rate debt obligations of $29.0 million, which exposes it to fluctuations in market interest rates[636]. - A hypothetical 10% change in interest rates would have resulted in a change to interest expense of $0.2 million for the year ended December 31, 2025[636]. - The company has established a hedging program in March 2022 to mitigate foreign currency exchange risks, particularly related to U.S. dollar/NIS exposure[634]. - A hypothetical 10% change in foreign currency exchange rates would have impacted the company's results for the year ended December 31, 2025, by $1.2 million due to NIS and $5.3 million due to Euros[635]. - The company does not believe inflation has had a material effect on its historical results, but significant inflationary pressures could adversely affect its business and financial condition[637]. Employee Engagement and Company Structure - As of December 31, 2025, the company had 494 employees operating across 20 countries and 5 continents, supporting a globally distributed organization[197]. - The company aims to provide competitive compensation and benefits to support long-term employee engagement and retention[200].

In the fourth quarter, we closed the acquisition of eSelf.ai, a leader in AI avatars and multimodal conversation, and earlier today, we announced that we entered into a definitive agreement to acquire PathFactory, a provider of AI-driven content and user intelligence, journey orchestration, and conversation automation solutions. Our continued investment in AI, alongside these two strategic acquisitions, are aimed at expanding our capabilities in the emerging Conversation Automation and Agentic Engagement So ...

Core Insights - Kaltura, Inc. has announced its financial results for Q4 and the full year of 2025, highlighting strong revenue growth and profitability metrics, alongside strategic acquisitions aimed at enhancing its digital experience platform. Financial Performance - Total revenue for Q4 2025 was $45.5 million, slightly down from $45.6 million in Q4 2024, but above the guidance range [2][12] - Subscription revenue for Q4 2025 was $42.7 million, a 2% decrease from $43.4 million in Q4 2024, yet exceeding the guidance range [12][11] - For the full year 2025, total revenue reached $180.9 million, a 1% increase from $178.7 million in 2024, with subscription revenue growing by 3% to $171.9 million [3][16] - Adjusted EBITDA for Q4 2025 was $6.3 million, marking a significant increase from $2.7 million in Q4 2024, and representing the tenth consecutive quarter of profitability [2][12] - Full year Adjusted EBITDA was $18.6 million, reflecting over 150% year-over-year growth, significantly surpassing the initial guidance of approximately 100% [3][16] Strategic Acquisitions - Kaltura closed the acquisition of eSelf.ai, a leader in AI avatars and multimodal conversation, and signed a definitive agreement to acquire PathFactory for approximately $22 million [5][10] - These acquisitions are part of Kaltura's strategy to enhance its capabilities in the Conversation Automation and Agentic Engagement Solutions market [5][6] Operational Highlights - The company achieved the highest level of new bookings in 2025, including two seven-figure and fifteen six-figure deals, alongside seven AI-related deals [9] - Kaltura's gross retention rate reached its highest level in five years, indicating strong customer retention [9] - The company was recognized as a leader in Frost & Sullivan's 2025 'Global Enterprise Video Platform Market Radar' for its advanced AI capabilities [9] Future Outlook - For Q1 2026, Kaltura expects subscription revenue between $41.2 million and $42.0 million, and total revenue between $42.6 million and $43.4 million [15][17] - The company aims to return to a 'Rule of 30' combination of double-digit revenue growth and adjusted EBITDA margin by 2028 or earlier [6]