Kaltura(US:KLTR) Globenewswire·2025-02-20 12:00Core 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]