Earnings call transcript: Kaltura tops Q3 2026 estimates and lifts guidance

Kaltura Inc. reported Q3 2026 earnings that surpassed market expectations, with adjusted earnings per share of $0.02, beating the $0.01 loss forecast. Revenue reached $47.3 million, up 8% year-over-year and surpassing the $46.5 million estimate. The video software company raised its 2026 guidance, stating annual recurring revenue and adjusted EBITDA are on track to record levels.

Kaltura's gross margin expanded to 72% in Q3, a 175 basis point increase from the previous year. The company's earnings and revenue beats reflect strong performance in enterprise education and training, with the segment growing 14% year-over-year to $36.9 million. However, media and technology revenue declined by 10% to $10.3 million.

Management attributes the strong results to increased demand for education services and a growing recurring subscription revenue mix. The company's AI-related transactions and pipeline activity also experienced significant growth. After the earnings call, shares rebounded 11.19% in after-hours trading, indicating positive investor sentiment.