Kaltura shares surge 20.41% premarket after Q3 earnings beat and $27M AI acquisition.

Kaltura (NASDAQ: KLTR) surged 20.41% in premarket trading following a combination of positive catalysts. The stock’s upward movement aligns with its Q3 2025 earnings report, which showed a narrower net loss, improved adjusted EBITDA, and upgraded revenue guidance for Q4. Additionally, Kaltura announced a $16.6 million share repurchase of 14.4 million shares at a 25% discount to its 30-day volume-weighted average price, signaling management confidence. The company also secured a $27 million acquisition of eSelf.ai, integrating AI-powered virtual avatars into its Video Experience Cloud, further bolstering its growth narrative. These strategic moves—combined with a valuation analysis suggesting the stock is undervalued at $1.84 versus a $3.38 fair value—drew investor optimism, particularly as the firm navigates a shift toward AI-driven solutions and customer engagement. The premarket rally reflects market confidence in Kaltura’s near-term operational improvements and long-term strategic direction.