NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Kaltura, Inc. (Nasdaq: KLTR, “Kaltura” or the “Company”), the Video Experience Cloud, today announced that John Doherty, Chief Financial Officer, will be stepping down effective December 5, 2025. Mr. Doherty informed the Company that he is taking on a chief financial officer role at a public company in the medical technology industry. The Company has retained an external search firm to identify successor candidates. In addition, Mr. Doherty has agreed to stay on a ...

Core Insights - Kaltura announced the winners of the 2025 Kaltura Digital Engagement Awards in Education, recognizing educators and institutions that enhance digital engagement, accessibility, and personalization through AI Video Campus solutions [1][5] - The Kaltura Connect in Education conference featured discussions on the evolving role of video and AI in higher education, with a focus on accessibility and compliance with Title II [4][6] Event Highlights - The conference was held at prestigious universities such as The University of Michigan, Rutgers Business School, UCLA, and The Utah Education Network [2] - Panels included discussions on best practices for AI implementations that align with institutional accessibility standards, ensuring inclusivity and effectiveness in digital learning environments [4] Award Winners - Wharton Online received the Video-First Educator Award for its innovative use of video lectures and expert interviews to enhance business education [6] - The Manhattan School of Music was honored with the Live Performance Powerhouse Award for its extensive live music streaming and concert broadcasts [6] - Academy of Art University won the Video Innovation Excellence Award for its leadership in multi-camera visual instruction [6] - UC Santa Cruz (SCOUT) was recognized with the Video Education Excellence Award for its A-G course video library supporting college access [6] - UCLA received the Strategic Video Leadership Award for aligning digital media infrastructure with campus-wide strategies, including plans for the 2028 Olympics [6] Accessibility and Security Initiatives - UC Berkeley, Rutgers, and the University of Cincinnati were awarded the Accessibility Advocate Award for establishing standards for accessibility in content and pedagogy [9] - Rice University won the Security Superstar Award for its efforts in enhancing video security across the institution [9]

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 - 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]

Core Insights - Kaltura reported record total and subscription revenue for Q1 2025, with significant improvements in net loss on both GAAP and non-GAAP bases, alongside record Adjusted net income and Adjusted EBITDA [2][5][40] - The company anticipates a return to growth in new bookings for the full year 2025, driven by customer consolidation, product maturity, and the adoption of new Gen AI capabilities [2][5] Financial Highlights - Total revenue for Q1 2025 was $47.0 million, a 5% increase from $44.8 million in Q1 2024 [5] - Subscription revenue reached $44.9 million, up 9% from $41.2 million in Q1 2024 [5] - Annualized Recurring Revenue (ARR) was $174.8 million, a 7% increase from $162.7 million in Q1 2024 [5] - GAAP gross profit was $32.7 million, with a gross margin of 70%, compared to $28.6 million and 64% in Q1 2024 [5] - Non-GAAP gross profit was $33.0 million, maintaining a non-GAAP gross margin of 70% [5] - GAAP operating loss improved to $1.6 million from $7.3 million in Q1 2024 [5] - Non-GAAP operating income was $3.1 million, compared to a non-GAAP operating loss of $0.6 million in Q1 2024 [5] - GAAP net loss was $1.1 million, or $0.01 per diluted share, significantly improved from a net loss of $11.1 million, or $0.08 per diluted share, in Q1 2024 [5] - Non-GAAP net income was $3.5 million, or $0.02 per diluted share, compared to a non-GAAP net loss of $4.4 million, or $0.03 per diluted share, in Q1 2024 [5] - Adjusted EBITDA for Q1 2025 was $4.1 million, up from $0.6 million in Q1 2024 [5] Business Highlights - Kaltura achieved a net dollar retention rate of 107%, the highest since Q1 2022, indicating strong customer retention and growth [5] - The company closed one new seven-digit deal and fifteen six-digit deals, consistent with typical seasonality [5] - There is growing interest in Gen AI products, with over 150 customers showing interest, representing approximately 20% of the customer base, indicating a significant upsell opportunity [5] Financial Outlook - For Q2 2025, Kaltura expects subscription revenue to be between $40.8 million and $41.6 million, total revenue between $43.4 million and $44.2 million, and Adjusted EBITDA between $1.5 million and $2.5 million [11] - For the full year 2025, the company forecasts subscription revenue between $170.4 million and $173.4 million, total revenue between $179.9 million and $182.9 million, and Adjusted EBITDA in the range of $13.5 million to $15.5 million [11]

Core Insights - Kaltura's annual Connect on the Road conference will focus on how AI and digital technologies are transforming enterprise content management and personalization [1][2] Group 1: Conference Details - The conference will take place in New York on May 13, San Francisco on May 15, and London on May 20, featuring discussions on "Digital Immortality" and AI's role in creating living content archives [1] - Hundreds of executives from Marketing, Communications, and Enterprise Media are expected to attend, providing a platform for sharing insights on AI-driven transformations [2] Group 2: Key Topics of Discussion - The concept of Agentic AI will be explored, which enables corporate knowledge to become a proactive, hyper-personalized, intelligent system [3] - The transformation of content into "Living archives" that self-update and deliver relevant knowledge based on real-time user needs will be a focal point [3] - Discussions will include creating enduring institutional memory sources that maintain knowledge continuity despite employee turnover [4] - Ensuring brand continuity through consistent messaging across customer interactions to enhance engagement will also be addressed [4] - Ethical considerations surrounding AI, including knowledge ownership and governance of AI-driven decision-making, will be discussed [4] Group 3: Product Demonstrations - Attendees will experience hands-on demos of Kaltura's next-generation AI platform, including the Customer Experience Genie and Work Genie AI agents, which enhance customer engagement and employee training [4] - The Kaltura Content Lab will be showcased, allowing creators to transform long-form video content into engaging, bite-sized experiences, thus maximizing content value [4] Group 4: Education Connect on the Road - Kaltura will host an Education Connect on the Road track in Europe and the US, starting in Utrecht, Netherlands, on May 12, focusing on AI's role in improving education and engagement [6] Group 5: Company Overview - Kaltura aims to create AI-infused hyper-personalized video experiences that enhance customer and employee engagement across various sectors, including education, marketing, and entertainment [7]

Core Insights - Kaltura has been recognized as a Representative Vendor in the Gartner Market Guide for Video Platform Services, highlighting its significance in the enterprise video platform market [1][7] - The company is committed to providing a comprehensive AI Video Experience Cloud that includes various video solutions tailored for enterprises [2][11] Company Offerings - Kaltura's AI Video Experience Cloud features a range of products such as Video Content Management System (VCMS), Video Portal, LMS and CMS video extensions, Virtual Classroom, and TV Content Management System (TVCMS) [2][11] - The platform supports cloud, on-prem, and hybrid models, catering to diverse enterprise use cases across marketing, sales, education, and entertainment [3][4] Technological Advancements - Kaltura is integrating AI and automation into its video solutions, enhancing the value of media assets for organizations [5][6] - The introduction of AI-powered agents like Kaltura Work Genie and Kaltura Class Genie allows for hyper-personalized digital experiences, improving content discovery and engagement [6][11] Strategic Positioning - The unified platform reduces operational silos, cuts costs, and provides holistic business insights, encouraging organizations to consolidate their video needs with Kaltura instead of using multiple vendors [4][11] - Kaltura's API-first modular architecture facilitates seamless integration and extensive customization, enhancing its adaptability within business workflows [4][11]

Core Insights - Kaltura has announced a partnership with Synthesia to integrate AI-generated avatar content into its video platform, enhancing viewer engagement and creating immersive experiences [1][4] - The collaboration aims to revolutionize learning and training by providing hyper-personalized, interactive content that improves knowledge retention [2][6] - The partnership will also make video production more accessible and cost-effective, eliminating the need for expensive studio shoots and extensive editing [3] Company Overview - Kaltura's mission is to create AI-infused hyper-personalized video experiences that enhance customer and employee engagement [7] - Kaltura's platform includes a variety of video-first products, such as Video Portals, LMS and CMS Video Extensions, and Virtual Classrooms, serving millions of end-users [7] - Synthesia is recognized as a leading enterprise AI video platform, with over 1 million users across 65,000 businesses, including a significant portion of the Fortune 100 [8] Use Cases - The integration of AI-generated content will benefit various sectors, including: - Enterprise Training & Onboarding: AI-generated training modules and compliance videos [6] - Higher Education & E-Learning: Automated lecture content and multilingual courses [6] - Marketing & Customer Engagement: AI-powered product demos and personalized marketing campaigns [6] - Healthcare & Financial Services: Automated regulatory training and client education videos [6] Strategic Goals - The partnership is expected to unlock new market opportunities and enhance enterprise training programs, education, and employee onboarding [5] - Kaltura aims to set new industry benchmarks for AI video innovation through this collaboration [4]