Kaltura Q2 Earnings Call Highlights

Key Points

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• Q2 results exceeded guidance: Revenue roseate 5% twelvemonth implicit twelvemonth to $46.9 million, subscription gross accrued 8% to $45.6 million, and adjusted EBITDA jumped 44% to $5.9 million. Non-GAAP gross borderline reached a grounds 75%.

• AI momentum accelerated: Kaltura signed 14 AI-related deals, including 8 with caller customers, worthy astir $1 cardinal successful full declaration value. Its AI pipeline surpassed 500 opportunities representing astir $17 cardinal successful imaginable yearly declaration value, though absorption expects meaningful gross maturation chiefly successful 2027.

• Full-year outlook raised: Kaltura present expects 2026 subscription gross of $176.6 cardinal to $178.6 million, full gross of $183 cardinal to $185 million, and adjusted EBITDA of $15.8 cardinal to $17.2 million. Management cautioned that bequest PathFactory lawsuit gross volition apt diminution implicit the adjacent respective quarters earlier recovering.

Kaltura (NASDAQ:KLTR) reported second-quarter 2026 results supra the precocious extremity of its guidance range, citing subscription gross growth, grounds non-GAAP gross borderline and increasing aboriginal commercialized enactment for its artificial-intelligence products.

Total gross for the 4th ended June 30 was $46.9 million, up 5% some sequentially and from a twelvemonth earlier. Subscription gross roseate 8% twelvemonth implicit twelvemonth to $45.6 million, portion nonrecreational services gross fell 14% to $1.3 cardinal arsenic the institution continued to stress recurring subscription revenue.

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Adjusted EBITDA accrued 44% from the prior-year play to $5.9 million, supra the company's anterior guidance of $2 cardinal to $3 million. Kaltura reported a GAAP nett nonaccomplishment of $5.5 million, oregon $0.04 per diluted share, compared with a $7.8 cardinal loss, oregon $0.05 per share, a twelvemonth earlier. Non-GAAP nett net was $2.3 million, oregon $0.01 per share.

Margins and Segment Performance

GAAP gross nett was $34.5 million, producing a 74% gross margin, up 300 ground points from the 2nd 4th of 2025. Non-GAAP gross borderline reached a grounds 75%, including a grounds 79% non-GAAP subscription gross margin, according to Executive Vice President of FP&A and interim Principal Financial Officer Liron Sharon.

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Sharon attributed the year-over-year borderline enlargement to a greater premix of higher-margin subscription revenue, operating efficiencies and portion economics.