Kaltura Reports 5% Revenue Growth to $46.98 Million in Q1 2025

Kaltura, Inc. reported its financial results for the first quarter of 2025, revealing a total revenue of $46.98 million, a 5% increase from $44.78 million in the same period last year. The growth was primarily driven by a 10% rise in subscription revenue, which reached $44.91 million, compared to $41.17 million in Q1 2024. The company also noted a significant reduction in its net loss, which decreased to $1.12 million from $11.10 million year-over-year, resulting in a net loss per share of $0.01, down from $0.08.

In terms of operational metrics, Kaltura's Annualized Recurring Revenue (ARR) grew by 7% to $174.84 million, while the Net Dollar Retention Rate improved to 107%, up from 98% in the previous year. The company reported a total of 153.62 million shares of common stock outstanding as of May 1, 2025. The decrease in net loss was attributed to a combination of increased revenue and reduced operating expenses, which fell by 4% to $34.31 million, primarily due to a decrease in general and administrative costs.

Kaltura's strategic developments included a focus on expanding its product offerings and enhancing its platform capabilities, particularly through the integration of generative AI features aimed at improving customer engagement. The company continues to target medium to large enterprises, educational institutions, and media and telecom companies, with a strong emphasis on direct sales and channel partnerships. The company also initiated a stock repurchase program in March 2025, allowing for up to $15 million in repurchases, which reflects its commitment to returning value to shareholders.

Geographically, Kaltura's revenue was well-distributed, with 51.5% coming from the United States and 39.9% from Europe, the Middle East, and Africa. The company reported a total of $184.86 million in remaining performance obligations, indicating a strong pipeline of future revenue. Kaltura's operational efficiency is reflected in its gross profit margin, which improved to 70% from 64% year-over-year, driven by better cost management and increased subscription revenue.

Looking ahead, Kaltura remains optimistic about its growth prospects, citing ongoing demand for video solutions and the potential impact of generative AI on its business model. The company plans to continue investing in product development and expanding its customer base, while also navigating the challenges posed by the current economic climate and geopolitical factors.