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Kaltura’s Q2 revenue and adjusted EBITDA top guidance range
The company raised its full-year outlook for 2026 subscription revenue to $176.6 million to $178.6 million as AI deal momentum accelerated.
Kaltura reported second-quarter 2026 results that came in above the high end of its guidance range, driven by subscription growth, record non-GAAP gross margin, and early commercial activity for its artificial-intelligence products, according to Yahoo Finance.
For the quarter ended June 30, revenue rose 5% year over year to $46.9 million, while subscription revenue increased 8% to $45.6 million. Adjusted EBITDA jumped 44% to $5.9 million, exceeding prior guidance of $2 million to $3 million, the outlet said.
Kaltura posted a GAAP net loss of $5.5 million, or $0.04 per diluted share, compared with a $7.8 million loss a year earlier, and non-GAAP net profit of $2.3 million, or $0.01 per share. It also reported non-GAAP gross margin reached a record 75%, including a record 79% non-GAAP subscription gross margin, the report noted.
On AI momentum, Kaltura signed 14 AI-related deals, including eight with new customers, worth about $1 million in total contract value. The company said its AI pipeline surpassed 500 opportunities representing about $17 million in potential annual contract value, and management expects meaningful revenue growth mainly in 2027, while warning legacy PathFactory customer revenue is likely to decline over the next several quarters before recovering, Yahoo Finance reported.