Kaltura (NASDAQ:KLTR) Announces Earnings Results, Beats Estimates By $0.02 EPS

Kaltura (NASDAQ:KLTR) announced its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02, FiscalAI reports. Kaltura had a negative net margin of 8.25% and a negative return on equity of 35.91%. The company had revenue of $46.89 million for the quarter, compared to analysts’ expectations of $45.60 million.

Here are the key takeaways from Kaltura’s conference call:

• Q2 results exceeded guidance: Revenue rose 5% year over year to $46.9 million, subscription revenue increased 8% to $45.6 million, and adjusted EBITDA grew 44% to a record $5.9 million. Non-GAAP gross margin also reached a record 75%.
• Kaltura reported accelerating AI adoption, with a record 14 new deals—including nine involving Agentic Avatars—and more than 500 AI-related pipeline opportunities representing approximately $17 million of non-weighted potential annual contract value. Management expects limited AI revenue in the second half of 2026 but a more meaningful contribution in 2027.
• Management raised full-year 2026 guidance to subscription revenue of $176.6 million-$178.6 million, total revenue of $183 million-$185 million, and adjusted EBITDA of $15.8 million-$17.2 million, while continuing to invest in AI products and PathFactory integration.
• Retention and certain business segments remain pressured: net dollar retention was 96%, Media and Telecom revenue declined 10% year over year, and management expects continued churn or attrition in legacy contracts, including PathFactory customers, over the next several quarters.
• Kaltura is repositioning around Agentic Revenue Engagement and Agentic Learning and Enablement, combining its platform with PathFactory’s content intelligence. The strategy could broaden the addressable market, but the company acknowledged that the standalone PathFactory business is declining and that the new offerings are still early in commercialization.

Kaltura Price Performance

NASDAQ:KLTR traded up $0.48 on Wednesday, reaching $1.89. The stock had a trading volume of 13,041,443 shares, compared to its average volume of 581,958. Kaltura has a 12-month low of $1.05 and a 12-month high of $2.05. The company has a market cap of $257.47 million, a price-to-earnings ratio of -18.85 and a beta of 1.15. The firm’s fifty day moving average is $1.38 and its two-hundred day moving average is $1.37.

Insider Activity

In other news, insider Eynav Azaria sold 19,456 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $1.48, for a total value of $28,794.88. Following the completion of the transaction, the insider owned 2,195,818 shares of the company’s stock, valued at $3,249,810.64. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Natan Israeli sold 28,882 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $1.51, for a total transaction of $43,611.82. Following the sale, the insider owned 2,214,249 shares in the company, valued at approximately $3,343,515.99. This trade represents a 1.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 295,665 shares of company stock valued at $429,872 over the last 90 days. Insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Kaltura

Institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd purchased a new position in Kaltura during the second quarter worth about $28,000. BNP Paribas Financial Markets boosted its position in shares of Kaltura by 70.3% in the third quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock worth $25,000 after acquiring an additional 7,184 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Kaltura by 276.9% during the second quarter. Tower Research Capital LLC TRC now owns 20,487 shares of the company’s stock worth $41,000 after purchasing an additional 15,052 shares during the period. EntryPoint Capital LLC acquired a new position in Kaltura in the fourth quarter valued at $38,000. Finally, NewEdge Advisors LLC acquired a new stake in Kaltura during the second quarter worth about $48,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KLTR has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $3.00 price target on shares of Kaltura in a research note on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaltura in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kaltura currently has an average rating of “Hold” and an average price target of $3.00.

About Kaltura

Kaltura, Inc (NASDAQ: KLTR) is a leading provider of video technology solutions designed to empower organizations to create, manage, distribute and monetize video content at scale. The company’s cloud-native platform supports an array of use cases including enterprise communications, online learning, virtual events, media delivery and over-the-top (OTT) television services. By combining open-source roots with software-as-a-service (SaaS) flexibility, Kaltura offers organizations the ability to tailor their video workflows and integrate seamlessly with existing collaboration, learning management and content management systems.

Key offerings from Kaltura include a comprehensive video management system, live streaming and video conferencing capabilities, lecture capture for educational institutions, virtual events and webinars, and turnkey OTT solutions.