Kaltura reports Q3 adjusted EPS (2c), consensus (2c)

Reports Q3 revenue $43.5M, consensus $43.04M. “This quarter, for the fourth quarter in a row, we posted record subscription revenue, and our year-over-year total revenue growth rate was the highest since the first quarter of 2022. We are also pleased to share that our focused efforts on returning to profitability have borne fruit, and that we achieved this quarter adjusted EBITDA profits for the first time since 2020, as well as positive cash flow from operations. We are slightly raising again our revenue and adjusted EBITDA guidance for the full year, and are reaffirming our plans to achieve a positive adjusted EBITDA in 2024,” said Ron Yekutiel, Co-founder, Chairman and CEO of Kaltura. “Over the quarter we continued to see growing demand for consolidation around Kaltura across a wide array of on-demand, live, and real-time video use-cases for both employees, customers, and prospects. This continued to drive larger deals with new customers, and expansions with existing ones.”