Core Insights - Kaltura reported strong financial results for Q2 2025, exceeding guidance with record non-GAAP net profit and adjusted EBITDA matching the previous quarter's record high [2][5] - The company is focusing on growth through AI product sales and has initiated a reorganization plan, including a 10% workforce reduction, to enhance efficiency and productivity [2][8] Financial Highlights - Revenue for Q2 2025 was $44.5 million, a 1% increase from $44.0 million in Q2 2024 [5] - Subscription revenue reached $42.4 million, up 3% from $41.0 million in the same quarter last year [5] - Annualized Recurring Revenue (ARR) was $170.4 million, reflecting a 3% increase compared to $165.2 million in Q2 2024 [5] - GAAP gross profit was $31.2 million with a gross margin of 70%, compared to $28.7 million and 65% in Q2 2024 [5] - Non-GAAP net profit was $2.5 million, or $0.01 per diluted share, compared to a non-GAAP net loss of $2.1 million, or $0.01 per diluted share, in Q2 2024 [5] Business Highlights - Kaltura closed 21 new six-figure deals across various industries, including technology, banking, and education [4] - The company achieved a third consecutive quarter of year-over-year improvement in Net Dollar Retention (NDR), maintaining a rate above 100% [8] - Kaltura's AI-driven products have begun to generate initial sales, with over 100 qualified opportunities in the AI sales pipeline [6][8] Organizational Changes - A reorganization plan has been initiated to streamline operations, which includes a 10% reduction in workforce, expected to yield approximately $2.6 million in savings for the remainder of 2025 [8] - The reorganization aims to unify engineering resources and consolidate customer experience and sales teams to enhance productivity [8] Financial Outlook - For Q3 2025, Kaltura expects subscription revenue between $40.8 million and $41.6 million, and total revenue between $42.8 million and $43.6 million [7] - For the full year 2025, the company projects total revenue between $180.4 million and $182.4 million, with adjusted EBITDA expected to be in the range of $14.5 million to $16.0 million [7]

Core Insights - Vodafone Group PLC and Kaltura have extended their partnership to enhance the Kaltura-powered Vodafone TV solution, which has been operational since 2014 and serves millions of subscribers across eight markets [1][2][4] Company Overview Vodafone - Vodafone is a leading telecom company in Europe and Africa, serving over 340 million mobile and broadband customers across 15 countries, with investments in five additional countries and partnerships in over 40 [6] - The company operates one of the largest IoT platforms globally, with 205 million IoT connections, and provides financial services to approximately 88 million customers in seven African countries [6] Kaltura - Kaltura aims to create AI-infused hyper-personalized video experiences to enhance customer and employee engagement [7] - The Kaltura Video Experience Cloud includes a platform for enterprise and TV content management, along with various AI-driven video products such as Video Portals and TV Streaming Applications [7] Partnership Developments - The extended partnership will focus on evolving the current Vodafone TV solution by enhancing capabilities and functionalities, expanding subscriber reach, and exploring new AI-infused products to improve user engagement and operational efficiency [3][5] - Both companies emphasize the strength of their collaboration and the scalability of the Vodafone TV platform and Kaltura's technology [4][5]

Core Insights - Kaltura has been selected by Telestream as the exclusive partner for migrating customers from the Sherpa Stream platform, which will go offline by the end of 2025, ensuring a seamless transition to Kaltura's enterprise-grade video solutions [1][2][3] Company Overview - Kaltura's mission focuses on creating AI-infused hyper-personalized video experiences that enhance customer and employee engagement, offering a wide range of products including Video Portals, LMS and CMS Video Extensions, Virtual Events, and TV Streaming Applications [5] - Telestream has been a leader in digital media innovation for nearly three decades, providing solutions that streamline media operations across the entire lifecycle, from capture to distribution [6] Migration Details - A joint task force has been established by Telestream and Kaltura to provide dedicated onboarding support, ensuring a smooth transition for customers, with migrations starting this quarter and educational webinars running through December 2025 [4] - Kaltura's platform is recognized for its AI-driven capabilities and global support, which will benefit Sherpa Stream customers by providing robust analytics and a scalable video strategy [3][4] Strategic Partnership - The partnership between Kaltura and Telestream is aimed at empowering customers to unlock new opportunities in corporate communications, learning, training, live events, knowledge sharing, and cross-enterprise collaboration [1][2] - Kaltura was chosen due to its deep enterprise expertise and commitment to customer success, making it a future-ready solution for Telestream's customers [2][3]

Core Insights - Kaltura has launched the Kaltura Work Genie, an AI-driven tool designed to transform enterprise knowledge into personalized learning and support paths, now available in the AWS Marketplace [1][2][3] Company Overview - Kaltura is positioned as a leader in the AI-enabled enterprise video platform market, as highlighted in the recent IDC MarketScape assessment [3] - The company's mission focuses on creating AI-infused hyper-personalized video experiences to enhance customer and employee engagement [6] Product Features - Kaltura Work Genie offers capabilities that redefine customer and employee journeys, enhance technology adoption, and improve retention [3] - The tool utilizes an organization's trusted content to provide reliable responses, minimizing the risk of inaccuracies [3] - It transforms complex inquiries into dynamic learning experiences, including micro-learning modules such as flashcards, video snippets, and quizzes [3] Market Accessibility - The availability of Kaltura Work Genie in the AWS Marketplace allows customers to streamline the procurement process, reducing the time for vendor evaluations and negotiations [4] - Centralized purchasing through AWS accounts provides customers with visibility and control over licensing, payments, and access [4]

Core Viewpoint - Kaltura is set to release its second quarter financial results for the period ending June 30, 2025, on August 7, 2025, before market open, followed by a conference call to discuss the results and financial outlook [1]. Group 1: Financial Results Announcement - Kaltura will announce its second quarter financial results on August 7, 2025 [1]. - The announcement will occur before the market opens [1]. - A conference call will be held to review the financial results and discuss the outlook [1]. Group 2: Conference Call Details - The conference call is scheduled for 8:00 a.m. ET on August 7, 2025 [2]. - Toll-free and international call-in numbers are provided for participants [2]. - A live and archived webcast will be available on Kaltura's Investor Relations website [2]. Group 3: Company Overview - Kaltura's mission focuses on creating AI-infused hyper-personalized video experiences to enhance customer and employee engagement [3]. - The Video Experience Cloud includes various products such as Video Portals, LMS and CMS Video Extensions, Virtual Events, and TV Streaming Applications [3]. - Kaltura serves millions of end-users across different sectors, improving experiences in marketing, education, communication, and entertainment [3].

Core Insights - Kaltura has been recognized as a Leader in the IDC MarketScape Worldwide AI-Enabled Enterprise Video Platform 2025 Vendor Assessment, marking a significant achievement in the AI video platform sector [1][3] - The assessment specifically evaluates vendors on their strategies and capabilities in delivering intelligent video solutions tailored for modern enterprise needs [1][2] Company Overview - Kaltura's AI Video Experience Cloud supports various sectors including Enterprise, Technology, Higher Education, Financial Services, Healthcare, Government, and Media & Entertainment, facilitating real-time, live, and on-demand video for diverse use cases [2][4] - The company aims to create AI-infused hyper-personalized video experiences that enhance customer and employee engagement [4] Product Features - Kaltura's platform is designed for both internal and external communications, enabling organizations to conduct interactive webinars, large-scale virtual town halls, and other virtual events [5] - The platform features a modular, API-first architecture that allows for seamless integration and customization of video workflows [5] - Advanced engagement and performance analytics are provided, including real-time sentiment analysis and detailed reports on engagement and content performance [5] Strategic Focus - Kaltura emphasizes strategic investments in agentic AI to streamline production, moderation, accessibility, and personalization, thereby enhancing user engagement [5] - The company focuses on enriching content through automated features such as captions, summaries, and translations, which also aids in repurposing long-form content into shorter clips [5]

Financial Data and Key Metrics Changes - The meeting confirmed that a quorum was present with 155,125,004 shares of common stock held of record as of April 28, 2025 [8][11] - The preliminary report indicated that Ron Yekatiel and Yael Menor were elected as Class I directors, and the appointment of Kasfer, Gabay and Kasir as the independent auditor for fiscal year 2025 was ratified [11] Business Lines Data and Key Metrics Changes - No specific data or metrics regarding individual business lines were provided during the meeting Market Data and Key Metrics Changes - No specific market data or metrics were discussed during the meeting Company Strategy and Development Direction and Industry Competition - The meeting did not provide detailed insights into the company's strategy or competitive landscape Management's Comments on Operating Environment and Future Outlook - Management did not provide comments on the operating environment or future outlook during the meeting Other Important Information - The meeting included a formal voting process for the election of directors and the appointment of auditors, with results to be published within four business days [11] Q&A Session All Questions and Answers Question: Were there any questions submitted during the Q&A session? - No questions were submitted during the Q&A session [12]

Core Insights - Kaltura has partnered with APTN to launch APTN lumi, a streaming service aimed at delivering Indigenous-language content to communities in Canada and globally [1][2][3] Company Overview - Kaltura is an AI Video Cloud company that provides an end-to-end OTT video platform, which includes a robust content management system, multi-platform distribution, monetization capabilities, and AI-driven personalization [4][6] - APTN, established in 1999, is the first national Indigenous broadcaster in the world, focusing on programming that celebrates Indigenous cultures and stories [7] Service Features - APTN lumi offers the largest curated collection of Indigenous stories and Indigenous-language content, accessible via web and mobile platforms [3][4] - The platform supports VOD in multiple Indigenous languages and includes infrastructure for subscription purchases [4] Strategic Goals - APTN aims to expand its digital footprint and promote understanding and dialogue around Indigenous perspectives through the launch of APTN lumi [2][5] - The partnership with Kaltura is seen as a way to enhance the reach of Indigenous voices and stories to a broader audience [5]

Core Insights - Kaltura's Class Genie has won the "e-Learning Innovation of the Year" award at the EdTech Breakthrough Awards, highlighting its leadership in educational technology [1][6] - The Class Genie is an AI learning agent that personalizes learning experiences, moving away from traditional education methods to a more tailored approach [2][5] - The Class Genie has significantly increased student engagement, with 92% of accessed content being previously unknown to students, enhancing discovery of valuable educational materials [3] Company Overview - Kaltura has been a leader in educational technology, serving over 9 million students and faculty members, including more than 50% of US R1 universities and Ivy League schools [5] - The company has developed a comprehensive video platform that supports various educational needs, including lecture capture, virtual classrooms, and LMS integration, contributing to the digital transformation in education [5][7] - Kaltura's mission focuses on creating AI-infused hyper-personalized video experiences to enhance engagement and success across various sectors, including education [7]

Core Insights - Kaltura announced the recipients of the 2025 Digital Engagement Awards, recognizing companies that are leading AI-powered transformation in their organizations [1][2] - The awards highlight innovative use of Kaltura's Agentic AI video platform, showcasing creativity and impact in enterprise digital experiences [2] Award Recipients - **AI Transformation Trailblazer Award**: Recognizes companies that have made significant strides in AI integration [3] - **Collaboration Champion Award**: Honors organizations that excel in fostering collaboration through innovative practices [3] - **Brand Engagement Innovator Award**: Celebrates brands that have creatively engaged their audiences [3] - **Accessibility & AI Mover & Shaker Award**: Acknowledges efforts in combining AI with accessibility initiatives [3] Notable Honorees - **Accenture**: Recognized for integrating AI and accessibility to ensure inclusivity [3] - **Bloomberg**: Acknowledged for leading enterprise innovation [4] - **SAP**: Honored for its visionary approach to intelligent innovation [4] - **Vanguard**: Celebrated for unifying multiple business lines under a single vision [4] - **Oracle**: Recognized for enhancing collaboration through video technology [4] - **KPMG**: Acknowledged for building global alignment and competitive advantage [4] - **Pinterest**: Celebrated for prioritizing accessibility in its operations [4] - **BP**: Recognized for consistent and bold brand storytelling [4] - **Salesforce**: Honored for its commitment to sustainability and carbon removal initiatives [5] - **JP Morgan Chase & Co.**: Acknowledged for creating an accessible workplace [7] - **Wells Fargo**: Recognized for its organization-wide commitment to accessibility [7] - **IBM**: Celebrated for balancing legacy with innovation [8] - **Airbnb**: Honored for meaningful engagement and partnership [8] - **Shell**: Recognized for purposeful evolution and impact [8] - **EY**: Acknowledged for proactive feedback integration [8] - **Adobe**: Celebrated for setting standards in employee experience in an AI-driven world [8] Kaltura Overview - Kaltura aims to create AI-infused hyper-personalized video experiences to enhance customer and employee engagement [6] - The company offers a comprehensive AI Video Experience Cloud, including various video-first products for enterprise and educational use [6]