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Kaltura Announces Financial Results for Third Quarter 2026

KLTR
  • Kaltura reported Q3 2026 total revenue of $47.3 million, a 8% increase year-over-year, exceeding the high end of guidance.
  • Subscription revenue reached $45.9 million, representing a 9% year-over-year increase.
  • The company recorded a GAAP net loss of $1.5 million ($0.01 per share) but achieved a non-GAAP net profit of $3.1 million ($0.02 per share).
  • Adjusted EBITDA for the quarter was $6.0 million, a 43% increase from the prior year period.
  • New subscription bookings more than doubled sequentially, marking the strongest quarter since 2024.
  • Kaltura signed fifteen transactions including AI offerings with a combined total contract value of $3.8 million, up from $1.0 million in Q2.
  • Nine transactions featured Agentic Avatars, while eight included Content Lab capabilities.
  • Net Dollar Retention improved to 97% for the second consecutive quarter.
  • Annualized Recurring Revenue (ARR) grew 9% to $184.7 million.
  • The Enterprise, Education & Technology segment revenue increased 14% year-over-year, while Media & Telecom revenue declined 10%.
  • Cash, cash equivalents, and marketable securities totaled $41.0 million at the end of the quarter.
  • Net cash provided by operating activities was $7.6 million.
  • Kaltura announced Project 720 with Israel's Ministry of Education to deliver AI-based STEM learning to 2,000 students.
  • The company demonstrated platform resilience during the 2026 FIFA World Cup with 1.3 billion playback sessions.
  • Full-year 2026 guidance was raised for the third time, projecting total revenue between $185.0 million and $185.7 million.
  • Q4 2026 guidance expects total revenue between $46.2 million and $46.9 million.
  • Non-GAAP gross margin remained stable at 73% for the quarter.
  • GAAP operating loss narrowed to $0.7 million compared to $1.5 million in the prior year period.
  • The company raised full-year guidance for subscription revenue, total revenue, and adjusted EBITDA to record high annual levels.
Company
Kaltura
Keywords
Nasdaq:KLTR, Kaltura