Kaltura Inc

Aurora Networks, a Vistance Networks company, and Kaltura have deployed a new Cloud TV platform at Bouygues Telecom, one of France's leading providers of mobile, internet, and IPTV services. The platform, which is now live, serves an estimated 18 million households and will soon support four million set-top boxes. Aurora Networks acted as lead systems integrator, providing consulting, design, project management, integration, and custom software development. The project consolidates several legacy IPTV platforms into a single unified platform, continuing an 18-year collaboration between Aurora Networks and Bouygues Telecom. Executives from all three companies praised the partnership and the seamless integration.

Kaltura reported second-quarter 2026 results above the high end of its guidance range, with total revenue rising 5% year over year to $46.9 million and subscription revenue increasing 8% to $45.6 million. Adjusted EBITDA jumped 44% to $5.9 million, and non-GAAP gross margin reached a record 75%. The company signed 14 AI-related deals worth approximately $1 million in total contract value, and its AI pipeline surpassed 500 opportunities representing about $17 million in potential annual contract value, though management expects meaningful revenue growth mainly in 2027. Kaltura raised its full-year 2026 outlook, now expecting 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.