Kaltura, Inc. announced financial results for the second quarter ended June 30, 2025, exceeding the upper end of all its guidance ranges. The company delivered record non-GAAP net profit, Adjusted EBITDA that matched the prior quarter's record high, and the strongest second-quarter operating cash flow since 2020.
New bookings increased sequentially during the quarter and included initial sales of Kaltura's AI products, indicating early monetization of its generative AI investments. The company reported a robust pipeline entering the second half of the year, projecting continued growth in new bookings.
Kaltura initiated a reorganization plan, including a workforce reduction of approximately 10%, aimed at realigning operations to boost efficiency and productivity. This strategic change is part of a longer-term plan to double adjusted EBITDA in 2026 and achieve a "Rule of 30" by or before 2028 through a combination of double-digit revenue growth and improved adjusted EBITDA margin.
For the third quarter of 2025, Kaltura expects subscription revenue between $40.8 million and $41.6 million, and total revenue between $43.4 million and $44.2 million. Adjusted EBITDA is projected to be between $1.5 million and $2.5 million.
The full year 2025 guidance for subscription revenue remains between $170.4 million and $173.4 million, and total revenue between $179.9 million and $182.9 million. Adjusted EBITDA guidance for the full year is maintained between $13.5 million and $15.5 million, reflecting confidence in operational efficiencies despite the reorganization.
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