Opera's fourth quarter revenue and adjusted EBITDA expected to exceed guidance; full-year revenue growth surpasses 26%

Rhea-AI Summary

Opera (NASDAQ: OPRA) expects Q4 2025 revenue to exceed $170 million, above prior guidance of $162–165 million, driving full-year revenue to be above $608 million (growth >26% year-over-year). The company also expects full-year adjusted EBITDA to surpass $141 million. Management will report full Q4 results on February 26, 2026, before market open, with a conference call at 8:00 a.m. ET and a live webcast available at the investor website.

Positive

• Full-year revenue >$608 million, growth >26% YoY
• Q4 revenue expected >$170 million, above guidance
• Full-year adjusted EBITDA expected >$141 million

Negative

• Adjusted EBITDA reconciliation to IFRS net income not provided due to OPay valuation uncertainty

Key Figures

Q4 2025 revenue: >$170 million Prior Q4 revenue guidance: $162 – 165 million Full-year 2025 revenue: >$608 million +4 more

7 metrics

Q4 2025 revenue >$170 million Expected, above prior guidance range

Prior Q4 revenue guidance $162 – 165 million Previously issued range

Full-year 2025 revenue >$608 million Expected, above prior outlook

Revenue growth vs 2024 >26% (~$130 million) Increase compared to 2024 revenue

Prior Q4 adj. EBITDA guidance $37.5 – 40.5 million Range to be exceeded

Full-year 2025 adj. EBITDA >$141 million Projected adjusted EBITDA

High-ARPU Western users ≈2 million increase Sequential Q3 to Q4 2025 user growth

Market Reality Check

Price: $14.10 Vol: Volume 1,110,184 is 1.55x...

high vol

$14.10 Last Close

Volume Volume 1,110,184 is 1.55x the 20-day average of 715,066, indicating elevated pre-news activity. high

Technical Shares at $12.42 are trading below the 200-day MA of $16.38 and near the 52-week low of $12.41.

Peers on Argus

OPRA declined 7.86% with multiple Internet peers also down: WBTN -2.89%, BMBL -3...

OPRA declined 7.86% with multiple Internet peers also down: WBTN -2.89%, BMBL -3.18%, TBLA -2.44%, MOMO -1.59%, FVRR -1.06%, suggesting broader pressure in Internet Content & Information.

Historical Context

5 past events · Latest: Jan 15 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 15	Browser update launch	Positive	+4.7%	Major Opera One R3 browser upgrade with AI and UX enhancements.
Jan 09	Investor conference	Neutral	-5.1%	CFO presentation at Needham Growth Conference with investor access.
Dec 11	AI browser launch	Positive	+4.2%	Public access to experimental agentic AI browser Opera Neon.
Dec 11	Dividend declaration	Positive	+4.2%	Semi-annual cash dividend of $0.40 per share under recurring program.
Dec 01	AI integration update	Positive	-3.0%	Rollout of new generation Opera AI using Google Gemini models.

Pattern Detected

Recent product, AI, and dividend news often saw positive moves, but conference participation and some AI updates drew negative reactions, showing mixed follow-through on seemingly positive headlines.

Recent Company History

Over the past few months, Opera has focused on AI-enhanced browsers, new products, and shareholder returns. An AI-powered browser rollout on Dec 1, 2025 and the public launch of Opera Neon on Dec 11, 2025 highlighted its AI strategy, with mixed price reactions. A $0.40 per share dividend announcement on Dec 11, 2025 coincided with a positive move, while a conference participation notice on Jan 9, 2026 saw a decline. The new R3 browser update on Jan 15, 2026 was followed by a gain, underscoring selective investor enthusiasm for product milestones.

Market Pulse Summary

This announcement highlights that Opera expects Q4 2025 revenue and adjusted EBITDA to exceed prior ...

Analysis

This announcement highlights that Opera expects Q4 2025 revenue and adjusted EBITDA to exceed prior guidance, with full-year revenue projected above $608 million and growth over 26%. It also points to a sequential increase of about 2 million high-ARPU Western users, suggesting momentum in key markets. Historically, AI product launches, browser upgrades, and dividends have been important catalysts. Investors may watch the detailed February 26, 2026 results and commentary for confirmation of these trends and the sustainability of margins.

Key Terms

adjusted EBITDA, non-IFRS measures, IFRS Accounting Standards

3 terms

adjusted EBITDA financial

"expects fourth quarter 2025 results to come in above its previously issued guidance ranges for both revenue and adjusted EBITDA."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-IFRS measures financial

"we also use certain non-IFRS measures, such as adjusted EBITDA, to evaluate performance."

Non-IFRS measures are financial figures that companies create on their own to show aspects of their performance, beyond what standard accounting rules require. They can help investors better understand how a company is really doing by highlighting information that might be more relevant or easier to interpret, much like a sports coach emphasizes certain stats to showcase team strengths not captured by official scores.

IFRS Accounting Standards financial

"We report our financial results in accordance with IFRS Accounting Standards; however, we also use certain non-IFRS measures"

International Financial Reporting Standards (IFRS) are a set of common rules for preparing company financial reports so numbers like profit, assets and debt are presented consistently across countries. Think of them as a standardized recipe or blueprint that helps investors compare businesses the same way they would compare cars using the same list of features; consistent reporting reduces surprises and makes it easier to assess value, risk and performance.

AI-generated analysis. Not financial advice.

OSLO, Norway, Feb. 2, 2026 /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), a leading global browser and AI agent company, today announced that it expects fourth quarter 2025 results to come in above its previously issued guidance ranges for both revenue and adjusted EBITDA.

The company expects fourth-quarter revenue to exceed $170 million, compared to prior guidance of $162 – 165 million. As a result, full-year revenue is expected to be above $608 million, growing by over 26%, or approximately $130 million, compared to 2024.

Opera also expects adjusted EBITDA to surpass the high end of its prior guidance range of $37.5 – 40.5 million, with full-year adjusted EBITDA projected to exceed $141 million.

"The Opera browser has always been tailored for the most demanding users. This position is already benefiting us as an increasing number of people consider what browser is best suited to be their gateway and point of integration across web content, services and the AI powered tools that they increasingly rely on," said Lin Song, CEO. "Our high-ARPU Western user base increased by approximately 2 million users sequentially from the third to the fourth quarter, providing a powerful tailwind for our monetization engines," Mr. Song concluded.

"Over the course of 2025, we were able to raise growth expectations with each passing quarter, and we are very pleased to yet again exceed our expected financial results. Opera entered the fourth quarter at an unprecedented scale, and continued to benefit from both our rapidly expanding e-commerce opportunities and our ability to serve users' queries through both search and other partner promotions," said Frode Jacobsen, CFO. "As we enter 2026, we are excited about our potential to drive growth through both commercial and product opportunities."

The company will announce its fourth quarter 2025 financial results before the market opens on Thursday, February 26, 2026. The earnings release will be available on our investor relations website at investor.opera.com.

Management will host a conference call to discuss the fourth quarter 2025 financial results on the same day at 8:00 a.m. ET. Listeners may access the call by dialing the following numbers:

United States: +1 800-267-6316
Norway: +47 80-01-3780
International: +1 203-518-9783

Confirmation Code: OPRAQ425

A live webcast of the conference call can be accessed at investor.opera.com

Non IFRS Financial Measures

We report our financial results in accordance with IFRS Accounting Standards; however, we also use certain non-IFRS measures, such as adjusted EBITDA, to evaluate performance. We believe adjusted EBITDA provides meaningful supplemental information regarding our financial performance by excluding certain items that may not be indicative of recurring core business operating results. We define adjusted EBITDA as net income excluding (i) profit (loss) from discontinued operations, (ii) income tax expense, (iii) net finance income (expense), (iv) gain (loss) on long-term investments in unconsolidated entities, (v) non-recurring expenses, (vi) impairment of non-financial assets, (vii) depreciation and amortization, (viii) share-based compensation expenses, and (ix) other operating income. We have not reconciled our expectation for adjusted EBITDA to net income as the most directly comparable IFRS measure because the valuation of our investment in OPay and the calculation of tax accruals cannot be reasonably predicted at this time without unreasonable effort. These items could have a significant impact on the calculation of net income under IFRS.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements, including statements relating to the Company's future financial and operating results, are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All information provided in this press release is as of the date hereof and is based on assumptions that the Company believes to be reasonable as of this date, and it undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by Opera is included in the Company's filings with the SEC, including its annual reports on Form 20-F.

About Opera

Opera is a user-centric and innovative software company focused on enabling the best possible internet browsing experience across devices. Hundreds of millions worldwide use Opera's mobile and desktop browsers for their speed, security, and unique features, enhanced with integrated AI that enables users to navigate and interact with the web in new transformative ways. Founded in 1995 and headquartered in Oslo, Norway, Opera is listed on the Nasdaq stock exchange under the ticker symbol "OPRA". Download Opera products from opera.com and learn more about Opera at investor.opera.com.

 

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SOURCE Opera Limited

FAQ

What Q4 2025 revenue did Opera (OPRA) announce on February 2, 2026?

Opera expects Q4 2025 revenue to exceed $170 million, above prior guidance. According to Opera, this implies full-year revenue above $608 million, representing growth of more than 26% compared to 2024.

How much adjusted EBITDA does Opera (OPRA) expect for full-year 2025?

Opera expects full-year adjusted EBITDA to surpass $141 million, exceeding prior guidance ranges. According to Opera, the company will not reconcile this to IFRS net income now because of valuation and tax accrual uncertainties.

When will Opera (OPRA) release full Q4 2025 financial results and host the earnings call?

Opera will publish Q4 2025 results on February 26, 2026, before market open and host a conference call at 8:00 a.m. ET. According to Opera, a live webcast and call access details will be available on the investor website.

What drove Opera's 2025 revenue growth exceeding 26% according to management?

Management attributed growth to higher ARPU Western users, e-commerce expansion, and search and partner promotions. According to Opera, Western ARPU users rose by about 2 million sequentially from Q3 to Q4 2025, aiding monetization.

Will Opera (OPRA) reconcile expected adjusted EBITDA to IFRS net income in its Q4 release?

Opera stated it has not reconciled expected adjusted EBITDA to IFRS net income due to unpredictable items like the OPay valuation. According to Opera, those valuation and tax accrual uncertainties prevent a reasonable reconciliation at this time.