Key Points – Q2 results exceeded guidance: Revenue rose 5% year over year to $46.9 million, subscription revenue increased 8% to $45.6 million, and adjusted EBITDA jumped 44% to $5.9 million.
Non-GAAP gross margin reached a record 75%. – AI momentum accelerated: Kaltura signed 14 AI-related deals, including eight with new customers, worth approximately $1 million in total contract value
Its AI pipeline surpassed 500 opportunities representing about $17 million in potential annual contract value, though management expects meaningful revenue growth mainly in 2027. – Full-year outlook raised: Kaltura now expects 2026 subscription revenue of $176.6 million to $178.6 million, total revenue of $183 million to $185 million, and adjusted EBITDA of $15.8 million to $17.2 million. Management cautioned that legacy PathFactory customer revenue will likely decline over the next several quarters before recovering. Kaltura (NASDAQ:KLTR) reported second-quarter 2026 results above the high end of its guidance range, citing subscription revenue growth, record non-GAAP gross margin and growing early commercial activity for its artificial-intelligence products.
Total revenue for the quarter ended June 30 was $46.9 million, up 5% both sequentially and from a year earlier. Subscription revenue rose 8% year over year to $45.6 million, while professional services revenue fell 14% to $1.3 million as the company continued to emphasize recurring subscription revenue. Adjusted EBITDA increased 44% from the prior-year period to $5.9 million, above the company’s prior guidance of $2 million to $3 million.