Recently honored by AWS as a top Vertical Technology Partner of the Year, Kaltura will leverage itscutting-edge video technology alongside powerful AWS AI and cloud capabilities, with Kaltura and AWS investing in joint innovation, marketing and co-selling initiatives.New York, March 13, 2025 (GLOBE NEWSWIRE) -- Kaltura (Nasdaq: KLTR), the Video Experience Cloud, today announced that it has signed a two-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS), the world’s most comprehens ...

NEW YORK, March 06, 2025 (GLOBE NEWSWIRE) -- Kaltura (Nasdaq: KLTR), the Video Experience Cloud, today announced that it will host its 2025 Investor Event on Wednesday, March 12, 2025. The event will feature executive presentations outlining the Company's business, strategic vision, product innovation, and financial performance, and showcasing Kaltura’s AI-infused Video Experiences platform. The day's session will include presentations from key members of Kaltura’s leadership team including Co-Founder, Cha ...

Core Insights - Kaltura has launched the TV Genie, an AI-infused platform designed to enhance entertainment experiences for live and on-demand streaming, with over 50 companies participating in its beta-release program [1][5]. Group 1: Product Features - TV Genie offers hyper-personalized viewing experiences, enabling media and telecommunications companies to enhance audience engagement and streamline operations through content enrichment and automation [2][4]. - The platform transforms content searches into instant recommendations based on various parameters, real-time viewer feedback, and mood, while also providing accessibility through automatic translation and advanced navigation features [3][4]. - TV Genie allows content editors to create short-form videos and textual summaries from long-form content, optimizing it for diverse viewer preferences and simplifying the curation process [4][7]. Group 2: Market Impact - The introduction of AI in video production and viewing is expected to significantly increase viewer engagement and monetization, while reducing operational complexities and costs for companies [5][7]. - Kaltura's TV Genie is part of a broader trend where companies are becoming media entities, leveraging AI to enhance their content offerings and viewer experiences [5][6]. Group 3: Beta Program Participation - Over 50 organizations, including large enterprises and educational institutions, are involved in the Genie Series' beta program, with notable participants like Reshet 13, which utilizes TV Genie for producing concise news segments [5][6]. - Reshet 13 reports that the use of TV Genie has improved their content repurposing capabilities, leading to increased viewership and engagement rates [6].

Financial Data and Key Metrics Changes - Total revenue for Q4 2024 was $45.6 million, up 3% year-over-year, with subscription revenue at $43.4 million, up 6% year-over-year [7][40] - Adjusted EBITDA for Q4 was $2.7 million, marking the highest quarterly results in four years and representing the sixth consecutive quarter of profitability [8][44] - Cash flow from operations was $4.3 million for Q4, an improvement from $1.6 million in Q4 2023, and for the full year, cash flow was $12.2 million compared to a loss of $8.3 million in 2023 [10][49] Business Line Data and Key Metrics Changes - New subscription bookings in Q4 were the highest since Q4 2022, including four seven-digit deals and 29 six-digit deals [11][12] - The average subscription revenue per customer reached a record high, driven by increased user adoption and upselling to existing customers [14] - Professional services revenue for Q4 was $2.2 million, down 40% year-over-year, consistent with previous trends [40][46] Market Data and Key Metrics Changes - The company reported a net dollar retention rate of 103% in Q4, improving from 101% in the previous quarter and 98% in the prior three quarters [43] - Remaining performance obligations (RPO) were $203.4 million, up 8% sequentially and 10% year-over-year, indicating strong renewal bookings [41] Company Strategy and Development Direction - The company is focusing on expanding its AI-infused video experience strategy, integrating AI across the video lifecycle to enhance personalized experiences [15][16] - Kaltura aims to capture growth opportunities through its unified cross-enterprise platform, targeting a larger share of existing customer spending [25][30] - The company plans to gradually grow its sales force to secure new customers while continuing to enhance its product offerings [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the improving market conditions and the potential for continued growth in new bookings and revenue [33][56] - The company anticipates a gradual and sustained acceleration of revenue growth, with a target to double adjusted EBITDA by 2026 [34][57] - Management highlighted the importance of AI and digital transformations in driving demand for video-based offerings [24][56] Other Important Information - The company achieved a gross margin of 71% in Q4, up from 64% in Q4 2023, and subscription gross margin was 77% [44] - Kaltura's AI innovations received industry recognition, including a place in the Feed Magazine 2024 Honors List [20] Q&A Session Summary Question: On-premise revenue commentary for Q1 - Management clarified that on-premise revenue represents less than 5% of total revenue and is recognized fully in the quarter it occurs, leading to typical seasonal fluctuations [62][64] Question: Monetizing AI opportunities - Management discussed the potential for significant growth in video consumption through AI, leveraging existing content and data to enhance user engagement [66][74] Question: Incremental focus areas for 2025 - Management highlighted five growth areas, including market re-growth, product maturity, and the importance of consolidating customer relationships [81][86] Question: Market conditions and achieving growth goals - Management indicated that improvement in market conditions is not a prerequisite for achieving growth goals, as the company has already shown consistent growth [106][110] Question: Gross margin drivers - Management explained that the shift towards subscription revenue and higher-margin business segments contributed to improved gross margins [112][114]

Financial Data and Key Metrics Changes - Kaltura reported record total revenue of $45.6 million for Q4 2024, up 3% year-over-year, and record subscription revenue of $43.4 million, up 6% year-over-year [7][40] - Adjusted EBITDA for Q4 was $2.7 million, marking the highest quarterly results in the past four years and the sixth consecutive quarter of adjusted EBITDA profitability [8][44] - Cash flow from operations was $4.3 million for Q4, an improvement from $1.6 million in Q4 2023, and for the full year, cash flow from operations was $12.2 million, compared to a net cash used of $8.3 million in 2023 [10][49] Business Line Data and Key Metrics Changes - New subscription bookings in Q4 were at the highest level since Q4 2022, including four seven-digit deals and 29 six-digit deals [11][12] - The average subscription revenue per customer reached a record high, driven by growing user adoption and upselling to existing customers [14] - Professional services revenue for Q4 was $2.2 million, down 40% year-over-year, consistent with expected trends [40][46] Market Data and Key Metrics Changes - Kaltura's net dollar retention rate improved to 103% in Q4, up from 101% in the previous quarter, indicating better retention and upsell bookings [15][43] - The company achieved its best gross retention rates since 2020, reflecting a strong performance in customer retention [39] Company Strategy and Development Direction - Kaltura's strategy focuses on integrating AI across the video lifecycle to enhance personalized experiences, with new AI-infused offerings launched in Q4 [16][17] - The company aims to expand its unified cross-enterprise platform to capture a larger share of existing customer spending, which is estimated to be three times current expenditures [25][30] - Kaltura plans to gradually grow its sales force to secure new customers and capitalize on improving market conditions [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market's recovery, driven by digital and AI transformations, and the increasing demand for video-based solutions [24][56] - The company anticipates continued year-over-year growth in new bookings and aims to double its adjusted EBITDA by 2026 [34][57] - Management highlighted the importance of maintaining profitability while pursuing growth opportunities, with a focus on improving cash flow from operations [50][54] Other Important Information - Kaltura's gross margin for Q4 was 71%, up from 64% in Q4 2023, with subscription gross margin at 77% [44] - The company ended Q4 with $84.7 million in cash and marketable securities, positioning it well for future investments [48] Q&A Session Summary Question: Can you elaborate on the on-premise commentary in Q1? - Management clarified that on-premise revenue represents less than 5% of total revenue and is recognized fully in the quarter it occurs, leading to typical sequential declines from Q1 to Q2 [62][64] Question: How does Kaltura plan to monetize AI opportunities? - Management emphasized that Kaltura's extensive content management capabilities position it well to capitalize on AI, with new AI features expected to significantly enhance content creation and consumption [67][74] Question: What are the key focus areas for Kaltura in 2025? - Management identified five growth areas: market recovery, consolidation around Kaltura, maturity of new products, Agentic AI features, and expanding the sales force to capture new customers [81][87] Question: Does Kaltura need to see market improvement to achieve its goals? - Management stated that the company is already on a growth trajectory and does not solely rely on market improvements to achieve its long-term goals [106][110] Question: What is driving the gross margin improvement? - Management attributed the gross margin increase to a higher mix of subscription revenue and improved profitability management across customer segments [112][114]

Business Overview - Kaltura serves approximately 24% of the top 50 financial services and insurance institutions and 6 out of the 10 largest pharma and healthcare providers globally[64]. - The company serves customers in 53 countries, with key markets including the United States, United Kingdom, Germany, and France[92]. - Enterprise customers, defined as those with over 5,000 employees or paying more than $60,000 in annual recurring revenue, represented over 96% of subscription revenue in 2024[93]. - The company employs a direct sales strategy, focusing on long-term relationships with enterprise customers and supported by customer success managers[94]. - The partner ecosystem is expected to expand in 2025, enhancing customer satisfaction and retention through integrated solutions[87]. Financial Performance - Total revenue for 2024 reached $178.7 million, a 2.9% increase from $175.2 million in 2023[519]. - Subscription revenue increased to $167.7 million in 2024, up from $162.8 million in 2023, representing a 5.6% growth[519]. - Gross profit for 2024 was $119.1 million, compared to $112.2 million in 2023, reflecting a 6.5% increase[519]. - Operating loss decreased to $24.1 million in 2024 from $38.7 million in 2023, showing a 37.8% improvement[519]. - Net loss for 2024 was $31.3 million, down from $46.4 million in 2023, indicating a 32.5% reduction[521]. - Total stockholders' equity as of December 31, 2024, was $24.4 million, a decrease from $30.3 million in 2023[516]. - Research and development expenses for 2024 were $49.4 million, down from $52.4 million in 2023, a 5.7% decrease[519]. - The company reported a comprehensive loss of $31.4 million in 2024, compared to $45.0 million in 2023, a 30.3% improvement[521]. - Net cash provided by operating activities for 2024 was $12,233 thousand, compared to a net cash used of $(8,303) thousand in 2023, marking a turnaround in cash flow performance[526]. Product and Service Offerings - Kaltura plans to expand its product offerings, including the introduction of Gen AI capabilities expected to impact revenues in 2025[64]. - Kaltura's Video Content Management System (VCMS) supports the entire lifecycle of video content, including creation, storage, and analytics, designed for enterprise-grade environments[71]. - The TV Content Management System (TVCMS) offers scalable, cloud-native solutions for on-demand and live-linear TV services, supporting various monetization models[74]. - Kaltura's Video Portal integrates with corporate systems to provide secure, customizable user experiences for internal and customer-facing communication[76]. - The LMS & CMS Video Extensions streamline video integration into existing platforms, enhancing productivity and user engagement in both academic and corporate settings[76]. - Kaltura's Virtual Events & Webinars solution includes advanced security, customizable design, and analytics to measure audience engagement and ROI[76]. - The Virtual Classroom solution supports various educational formats and includes features like automated captioning and transcription to improve accessibility[78]. - TV Streaming Apps provide personalized viewing experiences and support multiple monetization models, including subscription and ad-supported options[78]. - The Gen AI-Powered Content Lab allows organizations to automate video content transformation, enhancing engagement and discoverability[78]. - The company aims to refine and expand its Gen AI solutions in response to market demands, although future adoption levels and financial impacts remain uncertain[80]. - The Gen AI-Powered 'Work Genie' and 'Class Genie' are designed to deliver hyper-personalized insights and learning experiences, respectively, while maintaining data security[83]. Market Strategy and Expansion - The company is pursuing market expansion by targeting SMEs and introducing new industry solutions for financial services and healthcare markets[64]. - Kaltura's marketing efforts include digital campaigns and free trials to enhance product engagement and expedite the sales cycle[96]. - The company has established strategic partnerships with top tech firms to expand channel sales and co-sell initiatives[95]. Assets and Liabilities - As of December 31, 2024, Kaltura, Inc. had total assets of $181.3 million, a decrease from $183.7 million in 2023[514]. - The company reported cash and cash equivalents of $33.1 million, down from $36.7 million in the previous year[514]. - Kaltura's total current liabilities increased to $101.7 million in 2024 from $99.9 million in 2023[514]. - The company had outstanding floating rate debt obligations of $32.3 million as of December 31, 2024[502]. - The company had a total of $4,085 million in prepaid expenses as of December 31, 2024, an increase from $2,656 million in 2023, representing a growth of 53.6%[644]. Stock and Equity - The number of shares outstanding increased to 152,057,148 as of December 31, 2024, from 142,588,917 in 2023[516]. - Additional paid-in capital rose to $500.0 million in 2024, up from $471.6 million in 2023, reflecting a 6.0% increase[516]. - The company repurchased common stock amounting to $(2,920) thousand in 2024, indicating a commitment to returning value to shareholders[526]. Currency and Foreign Exchange - A hypothetical 10% change in foreign currency exchange rates would have impacted Kaltura's results by $1.4 million due to NIS and $5.1 million due to Euros for the year ended December 31, 2024[501]. - The company reported cash equivalents of $12,212 million as of December 31, 2024, down from $18,745 million in 2023, a decrease of 34.6%[632]. - The fair value of outstanding foreign currency contracts was recorded as an asset of $960 million and a liability of $24 million as of December 31, 2024[635]. Operating Leases - The total operating lease payments due as of December 31, 2024, amounted to $19,945 million, with total operating lease liabilities recorded at $17,767 million[639]. - The company recorded a total operating lease cost of $2,697 million for the year ended December 31, 2024, compared to $2,875 million in 2023, reflecting a decrease of 6.2%[637]. - The total cash paid for operating leases was $3,906 million for the year ended December 31, 2024, compared to $3,353 million in 2023, an increase of 16.4%[637].

Exhibit 99.1 Kaltura Announces Financial Results for Fourth Quarter and Full Year 2024 NEW YORK, February 20, 2025 -- Kaltura, Inc. ("Kaltura" or the "Company"), the video experience cloud, today announced financial results for the fourth quarter and full year ended December 31, 2024, as well as outlook for first quarter and full year 2025. "We surpassed our guidance for the fourth quarter, delivering record total and subscription revenue, as well as the highest Adjusted EBITDA since the second quarter of 2 ...

Core Insights - Kaltura reported record total and subscription revenue for Q4 2024, exceeding guidance, with the highest Adjusted EBITDA since Q2 2020, driven by a record gross margin [2][3] - The company achieved record annual subscription revenue, total revenue, and Adjusted EBITDA for the full year 2024, surpassing annual guidance [3][8] - Kaltura anticipates continued growth in the enterprise video market, supported by customer consolidation, product maturity, and new generative AI capabilities [3] Financial Highlights - Q4 2024 revenue was $45.6 million, a 3% increase from $44.5 million in Q4 2023 - Q4 2024 subscription revenue was $43.4 million, up 6% from $40.8 million in Q4 2023 - Annualized Recurring Revenue (ARR) reached $173.9 million, a 6% increase from $164.7 million in 2023 - Q4 2024 GAAP gross profit was $32.3 million, with a gross margin of 71%, compared to $28.6 million and 64% in Q4 2023 [6][8] - Q4 2024 Adjusted EBITDA was $2.7 million, compared to $0.8 million in Q4 2023 [6][8] Business Highlights - Kaltura closed four new seven-digit deals and twenty-nine six-digit deals, marking the highest combined number since Q3 2022 - The company reported the highest new subscription bookings since Q4 2022, with improvements in gross retention and a 103% Net Dollar Retention rate [7][8] - Kaltura launched Gen AI-based products "Class Genie" and "Work Genie," receiving strong interest from large organizations [7][8] Financial Outlook - For Q1 2025, Kaltura expects subscription revenue to grow by 5%-7% year-over-year, totaling between $43.4 million and $44.2 million - For the full year 2025, total revenue is projected to grow by 1%-2% year-over-year, reaching between $179.9 million and $182.9 million, with Adjusted EBITDA expected to be between $12.7 million and $14.7 million [8]

New York, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Kaltura (Nasdaq: KLTR), the Video Experience Cloud, today announced that it has been recognized as a Representative Vendor in the Gartner Market Guide for Meeting Solutions.     Kaltura’s AI-infused, real-time-conferencing experience component, Kaltura Room, powers a wide array of synchronous meeting experiences, from marketing, sales, and customer success to teaching, learning, training, certification, corporate communication, collaboration, and more. Kaltura Roo ...

NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Kaltura (Nasdaq: KLTR), the Video Experience Cloud, today announced it will release its fourth quarter and full-year financial results for the period ended December 31, 2024, before market open on Thursday, February 20, 2025. Kaltura will host a conference call to review its fourth quarter and full year 2024 financial results and discuss its financial outlook. Date:Thursday, February 20, 2025Time:8:00 a.m. ETUnited States/Canada Toll Free:1-877-407-0789Internation ...