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]