Kaltura Q1 revenue falls, hurt by weakness in media & telecom segment

Kaltura

11/05/2026 21:18

Overview

Digital experience platform's Q1 revenue fell 5% yr/yr to $44.6 mln

Adjusted net income and adjusted operating income improved yr/yr

Company achieved positive Q1 operating cash flow and completed PathFactory acquisition after quarter end

Outlook

Kaltura sees Q2 total revenue between $45.2 mln and $46.0 mln, up 2-3% year-over-year

Company expects Q2 adjusted EBITDA between $2.0 mln and $3.0 mln

Kaltura expects 2026 total revenue of $182.6 mln to $184.8 mln, up 1-2% year-over-year

Result Drivers

AI PRODUCT LAUNCHES - Co said new avatar-based and AI-related products contributed to growing customer engagement and expanding use cases

IMPROVED CUSTOMER RETENTION - Co achieved highest gross retention level in five qtrs, reflecting improving customer stability

SEGMENT CHURN IMPACT - Media & Telecom revenue declined 17% yr/yr, primarily due to elevated gross churn throughout 2025

Company press release: ID:nGNX2W6gt1

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$44.6 mln
$43 mln (2 Analysts)
Q1 Adjusted Net Income
Beat
$2.1 mln
$450,000 (2 Analysts)
Q1 Net Income
-$3.8 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Kaltura Inc is $3.00, about 117.4% above its May 8 closing price of $1.38

The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 30 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)