Kaltura, Inc. announced financial results for the fourth quarter and full year ended December 31, 2024, surpassing its guidance for the fourth quarter. The company delivered record total and subscription revenue, along with the highest Adjusted EBITDA since the second quarter of 2020, driven by a record high gross margin.
For the full year 2024, Kaltura reported record annual subscription revenue, total revenue, and Adjusted EBITDA profit, exceeding its annual guidance. The company also achieved record gross margin and positive cash flow from operations for the first time since 2020, ending the year with record Annualized Recurring Revenue (ARR) and Remaining Performance Obligations (RPO).
Looking ahead, Kaltura provided guidance for the first quarter of 2025, expecting 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.
For the full year ending December 31, 2025, Kaltura anticipates subscription revenue between $170.4 million and $173.4 million, and total revenue between $179.9 million and $182.9 million. The full-year Adjusted EBITDA guidance is set between $13.5 million and $15.5 million, reflecting confidence in continued operational efficiencies.
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