Kaltura, Inc. reports developments tied to its video SaaS and agentic digital experience platform for enterprises, educational institutions, financial institutions, media companies and telecom providers. Recurring updates cover intelligent content creation, enterprise content management and intelligence, multimodal conversational engagement, virtual events and webinar workflows, and AI-enabled avatar applications for training, knowledge sharing and revenue engagement.
Company news also includes product launches such as Avatar Video Production Studio, AI agent skills, Event OS integrations for the Kaltura Events Platform, Agentic Avatar roleplay solutions and regional infrastructure for data residency. Kaltura also issues routine financial-results announcements, conference participation updates and platform expansion news.
Kaltura (NASDAQ:KLTR) announced the expansion of Vodafone TV into Germany, marking the service's launch in nine countries. Powered by the Kaltura TV Platform, this service now serves over two million subscribers globally. Vodafone TV, which integrates OTT and pay-TV features, leverages Kaltura’s technology for efficient launches and updates across markets. The partnership, established in 2014, highlights Vodafone's strategy in becoming a leading multi-country Cloud TV solution provider.
Kaltura (Nasdaq: KLTR) released its report The State of Virtual Events 2022, highlighting the significant shift towards virtual events. Notably, 84% of attendees prefer having virtual attendance options. The report indicates that 92% of event organizers moved away from physical events in 2021, with 94% planning virtual events in 2022. Attendees have expressed satisfaction, with 93% feeling the transition was well-managed. The survey included over 1,250 participants, providing insights into engagement and ROI in the evolving event landscape.
Kaltura reported strong third-quarter results for 2021, with total revenue of $43.0 million, a 40% increase year-over-year. Subscription revenue also grew by 40% to $37.7 million, while Annualized Recurring Revenue (ARR) rose by 41% to $151.7 million. Gross profit improved to $27.8 million, yielding a gross margin of 65%. However, the company experienced a net loss of $25.2 million. For Q4 2021, Kaltura expects revenue between $41.2 million and $43.2 million, with adjusted EBITDA projected to remain negative.
Kaltura (Nasdaq: KLTR) has been recognized as a Visionary in the Gartner Magic Quadrant for Meetings Solutions and ranked 4th in the 'External Presentation' and 5th in 'Learning and Training' and 'Webinars' in the Gartner 2021 Critical Capabilities for Meeting Solutions report. Their Video Experience Cloud offers a suite of video products and services used by millions globally. Co-founder Ron Yekutiel highlighted the company's rapid integration of real-time conferencing capabilities into their platform.
Kaltura, Inc. will release its third quarter financial results on November 3, 2021, before the market opens. The conference call is scheduled for 8:00 a.m. ET, where the company will discuss its financial results and outlook. Investors can access the call by dialing the provided toll-free numbers or joining via a live webcast on Kaltura's investor relations site. A replay will be available two hours post-call for one month.
Oracle has been selected by Kaltura to support its global expansion through Oracle Cloud Infrastructure (OCI). This partnership aims to enhance Kaltura's Video Experience Cloud, which includes services such as live streaming and video content management. By leveraging OCI's superior price-performance and built-in security, Kaltura anticipates significant savings and operational efficiency. Both companies will market and sell Kaltura's solutions jointly, aiming to accelerate Kaltura's growth in the enterprise video market.
Kaltura reported strong financial results for Q2 2021, achieving revenue of $41.6 million, a 45% year-over-year increase. Subscription revenue surged 46% to $36.5 million. Annualized Recurring Revenue (ARR) rose to $145.4 million, up 46%. Despite a gross profit of $26.0 million, Kaltura faced an operating loss of $5.8 million and a net loss of $2.7 million. For Q3 2021, revenue guidance is set between $41.5 million to $42.5 million, with an expected negative adjusted EBITDA of $6.5 million to $4.5 million.
Kaltura announced the full exercise of underwriters' option for an additional 2,250,000 shares in its initial public offering, raising the total to 17,250,000 shares sold. This led to gross proceeds of $172,500,000 before deductions. The IPO was managed by top financial institutions including Goldman Sachs and BofA Securities. The offering was facilitated under a registration statement approved by the Securities and Exchange Commission.
Kaltura, a leading provider in the video experience cloud sector, will announce its financial results for the second quarter ending June 30, 2021, before market open on August 18, 2021. A conference call will occur on the same day at 8:00 a.m. ET to discuss these results. Investors can access a live webcast on Kaltura's Investor Relations page, with a replay available for 30 days post-call. Kaltura aims to enhance video experiences across various industries, including education and media, serving millions of users globally.
Kaltura, Inc. has priced its initial public offering (IPO) at $10.00 per share, offering 15,000,000 shares, all by the company itself. The shares are expected to trade on Nasdaq under the ticker 'KLTR' starting July 21, 2021, with the offering closing on July 23, 2021, pending customary conditions. Kaltura may raise approximately $150 million before underwriting expenses, with an additional option for underwriters to purchase up to 2,250,000 shares. Goldman Sachs and BofA Securities lead the offering, which is now open for investment.