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Stock impact report

Kaltura Announces Financial Results for Fourth Quarter and Full Year 2023 [Yahoo! Finance]

Kaltura, Inc. (KLTR) 
Company Research Source: Yahoo! Finance
for the fourth quarter and full year ended December 31, 2023, as well as outlook for first quarter and full year 2024. “Today, we posted record-high total revenues in the fourth quarter, which also marked our fifth consecutive quarter of year-over-year growth. The quarter wrapped up a year where we posted an increased year-over-year subscription revenue growth rate, and despite declining professional services revenues, also increased total revenue growth rate. The fourth quarter was also a second consecutive quarter of Adjusted EBITDA profitability and of positive cash flow from operations, both for the first time since 2020. It was also our highest Adjusted EBITDA result since the fourth quarter of 2020,” said Ron Yekutiel, Co-founder, Chairman and Chief Executive Officer of Kaltura. “As we draw 2023 to a close, we are pleased to have achieved and surpassed our original revenue and Adjusted EBITDA guidance for the year, delivering on our goal to accelerate revenue growth, while a Show less Read more
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