- Stock pops: KLTR jumped sharply in early trading after last night’s results and deal news; shares were recently around $1.82 and had traded as high as $2.235 intraday. That’s roughly ~24% above Monday’s close of $1.47, with pre-market checks showing gains of ~26% near $1.86.
- Earnings: Q3 revenue $43.9M (−1% YoY), record adjusted EBITDA $4.2M, and non‑GAAP operating profit $3.1M. FY25 adjusted EBITDA outlook $16.6M–$17.6M.
- AI push: Kaltura signed a definitive agreement (Nov 5) to acquire eSelf.ai for up to ~$27M (cash + time‑vested stock), adding real‑time, photorealistic conversational avatars that support 30+ languages. Closing expected Q4 2025.
- Buyback: On Nov 7, Kaltura repurchased 14,443,739 shares from Goldman Sachs affiliates for ~$16.6M at a 25% discount to the 30‑day VWAP.
What’s new today (Nov. 11, 2025)
Shares surge after Q3 + AI deal headlines. KLTR is one of today’s bigger software movers. Benzinga’s pre‑market screen flagged KLTR up ~26.5% to $1.86 before the bell following last night’s results and acquisition news; live prices show the rally continuing after the open.
Local tech press amplifies the acquisition. Israeli outlet CTech detailed the $27M structure (including 4.69M Kaltura shares vesting over three years—about 3% of pre‑deal share base) and reiterated that closing is targeted for Q4 2025, pending approvals. TechCrunch highlighted co‑founder Dr. Alan Bekker’s prior sale of Voca.ai to Snap and the plan to fold eSelf’s avatars across Kaltura’s suite.
Press release confirms: beat, buyback, and guidance. Kaltura’s Q3 note and outlook landed late Monday, with management saying performance exceeded the top end of guidance ranges and outlining Q4/FY targets (see below). Taiwan News and Seeking Alpha’s wire reposts carried the same figures this morning.
Earnings snapshot: the numbers that moved the stock
- Revenue:$43.9M (vs. $44.3M a year ago, −1%).
- Subscription revenue:$42.0M (flat YoY).
- ARR:$169.1M (slight YoY increase).
- Gross margin:70% GAAP and non‑GAAP.
- Adjusted EBITDA:$4.2M (record).
- Non‑GAAP operating profit:$3.1M.
- GAAP operating loss:$1.5M.
Kaltura also noted strong operating cash flow and said it closed 12 six‑figure deals in Q3, including five AI‑driven wins.
Outlook:
- Q4 2025: total revenue $45.0M–$45.7M; adjusted EBITDA $4.2M–$5.2M.
- FY 2025: total revenue $180.3M–$181.0M; adjusted EBITDA $16.6M–$17.6M.
CEO Ron Yekutiel said Kaltura “exceeded the upper end of all our third quarter guidance ranges” and is entering Q4 with “a strong pipeline,” citing interest in new AI‑powered offerings. (Short excerpt from the official release.) GlobeNewswire
Strategy: why eSelf.ai matters
Kaltura is moving from a video‑management platform toward AI‑infused virtual agents for customer (CX) and employee (EX) experiences. eSelf.ai brings photorealistic, real‑time avatars with screen understanding, low‑latency speech, and workflows that Kaltura says will make its “Genies” (Class, Work, CX, TV) conversational and visually expressive across marketing, sales, support, learning, and media. The company says the avatars will be available as embeddable, self‑serve agents, supporting PLG motion as well. GlobeNewswire
TechCrunch’s coverage adds color on the founding team (Bekker and Shoshan), prior Voca.ai sale to Snap, and Kaltura’s plan to integrate eSelf tech across its product lines.
Capital allocation: a decisive secondary buyback
In a separate move, Kaltura repurchased 14,443,739 shares from Goldman Sachs affiliates on Nov 7 for ~$16.6M, transacting at a 25% discount to the 30‑day VWAP. Management emphasized the post‑transaction setup as featuring “far fewer shares outstanding” and sufficient cash to pursue its roadmap. Coverage today also flagged the discount and timing. GlobeNewswire+1
Market reaction & setup
- Monday close:$1.47 ahead of the release.
- Pre‑market today: up ~26% near $1.86.
- After the open: last trade around $1.82; intraday high $2.235 (as of 14:40 UTC).
Momentum reflects a combo of record EBITDA, Q4/FY guidance, AI acquisition optics, and the discounted block repurchase. Keep in mind that small‑cap, lower‑liquidity names can swing widely intraday.
What to watch next
- Deal close & integration: Will the eSelf.ai acquisition close on schedule in Q4 2025 and begin contributing to bookings/ARR in 2026?
- AI monetization: Uptake of conversational avatars within CX, EX, and education workflows; watch for early lighthouse wins and attach rates across Kaltura’s suite.
- Bookings & retention: Management guided to improved bookings; note Q3 commentary on gross retention and six‑figure deal cadence.
- Cash and costs: With buyback cash outlay and steady investment in AI, track operating cash flow consistency and margin trajectory against the FY EBITDA target.
Sources (selected, Nov. 11, 2025 unless noted)
- Earnings press release & guidance: Kaltura/GlobeNewswire, Nov. 10, 2025.
- Acquisition terms & product details: Kaltura/GlobeNewswire, Nov. 10, 2025.
- Pre‑market move: Benzinga pre‑market movers roundup, Nov. 11, 2025.
- Local deal coverage & share figure context: CTech (Calcalist), Nov. 11, 2025.
- Background & team context: TechCrunch, Nov. 10, 2025.
- Price reference & earnings beat framing: Investing.com coverage, Nov. 11, 2025.
Editor’s note
This article focuses on current news published on Nov. 11, 2025, with brief context from the company’s Nov. 10 releases. All figures are as reported by Kaltura unless otherwise noted. Live prices are indicative and update throughout the trading day. This content is for informational purposes only and is not investment advice.
