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.
Kaltura IncQ2 revenue and AI deals beat guidance, and full-year outlook raised.
