Opera Ltd. Stock Price, News & Analysis

Opera GX has launched the #GamingForAll Challenge in collaboration with TikTok to promote inclusivity in gaming. The initiative encourages gamers to play without sight, inspired by BlindWarriorSven, a blind Street Fighter champion. For each video uploaded, Opera will donate $0.5 to AbleGamers, up to $25,000. The campaign kicks off with a live event in Amsterdam on October 2, allowing participants to meet Sven and compete in Street Fighter V. This effort underscores Opera's commitment to making gaming accessible to everyone.

Opera Limited (NASDAQ: OPRA) announced an agreement to acquire a 20.6% stake from pre-IPO shareholder Qifei International Development Co. Ltd. for $128.6 million in cash. The deal values the share price at $5.50 per American Depositary Share (ADS). The transaction requires approval from 360's shareholders at a scheduled meeting on October 10, 2022, with an expected closing within 10 business days post-approval. This move is pivotal for Opera, potentially enhancing shareholder value and consolidating control.

Opera GX has announced the Mobile Game Jam, an initiative inviting developers to create a game for its mobile browser's 'No Internet' page. This event, running from October 4, 2022, features a $36,000 prize pool, with $10,000 awarded to the top game. The initiative aims to transform offline gaming experiences for users facing connectivity issues. Opera GX, the only browser designed specifically for gamers, emphasizes community involvement, having seen over 1,900 unique game submissions in past events.

Opera (NASDAQ: OPRA) announces a major update to its Crypto Browser, now integrating support for MetaMask and other key wallets. A new Wallet Selector feature simplifies wallet management for users, eliminating common inconveniences associated with accessing dApps. The browser partners with DappRadar, providing access to over 11,000 dApps. Enhanced security features are introduced, including phishing protection and secure clipboard functionality. This launch comes amid heightened institutional interest in crypto, with investments in crypto projects significantly increasing in 2022.

Opera Limited (NASDAQ: OPRA) reported a robust Q2 2022, with revenue rising 29% year-over-year to $77.8 million, driven by strong product portfolio growth. Adjusted EBITDA margin reached 21%. The company announced a buyback of 1.3 million ADSs and raised its 2022 revenue guidance to $313-$319 million, expecting 26% growth. Despite a net loss of $5.8 million, the average revenue per user surged 46% to $0.94. Cash and marketable securities totaled $187 million, bolstering financial stability.

Opera Limited (NASDAQ: OPRA) announced a change in the timing of its Q2 2022 earnings release to align with its controlling shareholder Kunlun Tech Co., Ltd. The new release date is scheduled for August 30, 2022, before the market opens. Management will discuss the results during a conference call at 8:00 am EDT on the same day. Opera, based in Oslo, Norway, is a leading web innovator known for its browsers, news products, and fintech solutions, serving hundreds of millions of users globally.

Opera Limited (NASDAQ: OPRA) is scheduled to release its second quarter 2022 financial results on August 18, 2022, before the market opens. The report will be accessible on their investor relations website. Following the announcement, management will host a conference call at 8:00 am EDT to discuss the financial results. Interested parties can access the call via a live webcast or by dialing specific international numbers, including the US and China. Opera, headquartered in Oslo, Norway, is recognized as a major browser developer and a leading internet consumer brand.

Opera (NASDAQ: OPRA) has launched its new VPN Pro subscription service, now available on Windows and Mac, enhancing user security while browsing. This service, previously on Android, allows users to connect up to six devices under one account and offers a one-month free trial until August 31st. VPN Pro promises no-log privacy, access to over 3,000 servers, and high-speed connections. Subscribers can benefit from various pricing options starting at $1.99 per month. This expansion aims to cater to users' growing need for online security, especially while traveling.

Opera Limited (NASDAQ: OPRA) has filed an amendment to its Form 20-F/A annual report for the fiscal year ending December 31, 2021, with the SEC. This amendment incorporates summarized financial information from its former equity-accounted investee, NanoCred Cayman Company Limited (Nanobank). The adjusted share of net loss of Nanobank for 2021 has been increased, but this has been offset by a corresponding reduction in impairment recognized by Opera. Importantly, these changes did not affect Opera's net result for 2021. The amended report is accessible on the company’s investor relations website.