Kaltura Expects Q2 Total Revenue Of $42.7M-$43.5M (Est $43.403M); Continues To Expect $173.7M-$176.7M For FY24 (Est $175.057M)
Portfolio Pulse from Benzinga Newsdesk
Kaltura projects Q2 total revenue of $42.7M-$43.5M, slightly below estimates of $43.403M, and maintains its FY24 revenue forecast of $173.7M-$176.7M, aligning with estimates of $175.057M. The company anticipates Q2 subscription revenue of $39.6M-$40.3M and an adjusted EBITDA ranging from -$0.6M to $0.4M. For FY24, subscription revenue is expected to be $161.2M-$164.2M with an adjusted EBITDA of $0M-$1M.
May 08, 2024 | 11:26 am
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Kaltura expects Q2 total revenue of $42.7M-$43.5M, below the estimated $43.403M, and maintains FY24 revenue forecast of $173.7M-$176.7M, close to the estimate of $175.057M.
Kaltura's Q2 revenue projection slightly below analyst estimates may cause short-term investor concern, but the reaffirmation of its FY24 revenue forecast aligns with expectations, potentially stabilizing the stock. The detailed subscription revenue and EBITDA guidance provide transparency, which could mitigate negative reactions and suggest a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100