Kaltura, Inc. reported a total revenue of $44.6 million for the first quarter of 2026, a decrease of 5% from $47.0 million in the same period of the previous year. The decline was primarily driven by a 17% drop in revenue from the Media and Telecom segment, which fell to $10.5 million from $12.6 million. In contrast, the Enterprise, Education, and Technology segment saw a slight decrease of 1%, with revenue totaling $34.2 million compared to $34.4 million in the prior year. The company's net loss for the quarter was $3.8 million, significantly higher than the loss of $1.1 million reported in the first quarter of 2025.
Kaltura's financial performance reflects a strategic shift as the company continues to adapt to changing market conditions. The decrease in revenue was attributed to a reduction in existing customer revenue, particularly in the Media and Telecom segment, which has been impacted by elevated churn rates. The company’s Annualized Recurring Revenue (ARR) also declined by 3% year-over-year, indicating challenges in customer retention and growth. Despite these setbacks, Kaltura's subscription revenue in the Enterprise segment showed resilience, with a slight increase to $33.7 million.
In terms of operational developments, Kaltura has made significant strides in expanding its product offerings and capabilities. The company completed the acquisition of eSelf AI in December 2025, enhancing its suite of AI-driven solutions. Additionally, Kaltura announced the acquisition of PathFactory Holdings ULC in April 2026, aimed at strengthening its position in content journey orchestration and engagement analytics. These strategic moves are expected to bolster Kaltura's competitive edge in the rapidly evolving digital media landscape.
Kaltura's customer base remains diverse, with a focus on medium to large enterprises, educational institutions, and media companies. The company reported a net dollar retention rate of 95% for the first quarter of 2026, down from 107% in the previous year, highlighting the need for improved customer engagement strategies. The company is also exploring new go-to-market approaches to capture a wider range of customer sizes, including small and medium enterprises, through self-service offerings and partnerships.
Looking ahead, Kaltura anticipates continued investment in growth and innovation, particularly in AI-assisted content creation tools and conversational rich media agents. The company aims to enhance its platform's capabilities and expand its market reach, despite the challenges posed by the current economic climate and geopolitical uncertainties. Kaltura's management believes that its strategic initiatives and product enhancements will position the company for future growth and improved financial performance.
About KALTURA INC
Kaltura, Inc. provides enterprise video solutions including content management, virtual events, webinars, and TV streaming. Its platform supports live, on-demand, and AI-enhanced video experiences across industries such as education, technology, healthcare, and media. Focused on integration, security, and personalization, it enables organizations to engage audiences, streamline workflows, and leverage video for marketing, training, communication, and monetization.
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