Kaltura (NASDAQ:KLTR) Posts Earnings Results, Beats Expectations By $0.02 EPS

Kaltura (NASDAQ:KLTR) announced its quarterly earnings results on Wednesday. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02, FiscalAI reports. Kaltura had a negative return on equity of 35.91% and a negative net margin of 8.25%.The company had revenue of $46.89 million during 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 Trading Up 33.9%

Shares of NASDAQ KLTR traded up $0.47 during mid-day trading on Wednesday, hitting $1.88. The company had a trading volume of 11,769,006 shares, compared to its average volume of 571,075. The stock’s 50-day moving average price is $1.38 and its 200-day moving average price is $1.37. The company has a market capitalization of $256.11 million, a price-to-earnings ratio of -18.75 and a beta of 1.15. Kaltura has a 1 year low of $1.05 and a 1 year high of $2.05.

Analysts Set New Price Targets

KLTR has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $3.00 target price on shares of Kaltura in a research note on Wednesday, May 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Kaltura in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $3.00.

Insider Activity at Kaltura

In other news, insider Natan Israeli sold 16,631 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $1.52, for a total value of $25,279.12. Following the transaction, the insider owned 2,077,766 shares of the company’s stock, valued at $3,158,204.32. This represents a 0.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eynav Azaria sold 19,456 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $1.48, for a total transaction of $28,794.88. Following the sale, the insider owned 2,195,818 shares in the company, valued at approximately $3,249,810.64. This trade represents a 0.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 295,665 shares of company stock valued at $429,872 over the last three months. 16.30% of the stock is owned by corporate insiders.

Institutional Trading of Kaltura

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position in Kaltura by 70.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,409 shares of the company’s stock valued at $25,000 after acquiring an additional 7,184 shares during the period. Qube Research & Technologies Ltd purchased a new stake in Kaltura in the second quarter worth about $28,000. Citadel Advisors LLC bought a new position in shares of Kaltura in the third quarter worth about $35,000. EntryPoint Capital LLC bought a new position in shares of Kaltura in the fourth quarter worth about $38,000. Finally, Franklin Resources Inc. purchased a new position in shares of Kaltura during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

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.