Kaltura's Narrowing Losses Suggest Turning Point in Efficiency Strategy

Kaltura reported Q3 2025 revenue of $43.87 million and a net loss of $2.63 million. The company's net losses have narrowed over the first nine months of 2025, signaling progress toward improved operational efficiency. Management's focus on narrowing losses and reconfirmed revenue expectations could reshape Kaltura's investment narrative. Despite steady revenues and reduced net losses, customer concentration remains a material risk.