Q4 2025 Kaltura Inc Earnings Call Transcript
Key Points
- Kaltura Inc (KLTR) reported a record adjusted EBITDA of $6.3 million for Q4 2025, marking the 10th consecutive quarter of adjusted EBITDA profitability.
- The company achieved a 150% year-over-year increase in full-year 2025 adjusted EBITDA, significantly surpassing its original guidance of 100% growth.
- Kaltura Inc (KLTR) closed two 7-digit and 15 6-digit new deals across various industries, indicating strong market demand and diverse customer base.
- The acquisition of PathFactory is expected to enhance Kaltura Inc (KLTR)'s platform with AI-driven content journey orchestration and conversation automation capabilities.
- Kaltura Inc (KLTR) announced the general availability of its agentic Avatars and Avatar SDK, expanding its product offerings and potential market reach.
- Total revenue for Q4 2025 was $45.5 million, which was almost flat year-over-year, indicating limited top-line growth.
- Subscription revenue declined by 2% year-over-year in Q4 2025, reflecting challenges in maintaining subscription growth.
- The company expects M&T revenue to decline year-over-year in 2026 due to last year's heightened churn, impacting overall revenue growth.
- Net dollar retention for 2025 was 100%, unchanged from 2024, suggesting challenges in upselling and expanding within existing customer accounts.
- Kaltura Inc (KLTR) is facing increased FX headwinds affecting operating costs, which could impact profitability.
Good day, everyone, and welcome to the Kaltura fourth-quarter and full year 2025 earnings call. All material contained in the webcast is the sole property and copyright of Kaltura with all rights reserved. For opening remarks and introductions,
I'll now turn the call over to Erica Mannion at Sapphire Investor Relations. Please go ahead, Erica.
Thank you, operator, and good afternoon. I am joined by Ron Yekutiel, Kaltura's Co-Founder, Chairman, President and Chief Executive Officer; and Liron Sharon, Executive Vice President of FP&A and Interim Principal Financial Officer. Ron will provide a summary of the results for the fourth quarter ended December 31, 2025, along with a business and strategy update.
Liron will then review financial results for the quarter and full year 2025 as well as the company's outlook for the first quarter and full year 2026. We will then open the call for questions. Please note that this call will include forward-looking statements within the
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