Opera Ltd. Stock Price, News & Analysis

Opera has announced its integration with Ethereum Layer 2 exchange DeversiFi, enhancing transaction capabilities within its mobile browser wallet. This collaboration enables faster and cheaper transactions, addressing high fees on the Ethereum mainnet, facilitating peer-to-peer ETH transfers with Layer 2 swaps.

This move supports Opera's strategy to mainstream crypto, following its previous innovations like the built-in crypto wallet. The integration aims to bring seamless DeFi access to millions of users, significantly lowering barriers to entry in Ethereum-based financial services.

Nervos has announced the completion of its Layer 1 integration with Opera's native crypto wallet. Starting today, Opera's Android users can send and receive $CKB tokens. This integration follows previous partnerships with Bitcoin, Ethereum, and Celo, enhancing Web3 interactions. Opera aims to provide seamless access to dApps, games, and decentralized platforms. Future updates will include support for Nervos' Layer 2, Godwoken, enhancing the platform's multi-chain strategy. This partnership represents a significant milestone for both Nervos and Opera in the evolving blockchain landscape.

Opera Limited (NASDAQ: OPRA) reported its fourth quarter and full year 2021 financial results, revealing a 44.6% increase in quarterly revenue to $72.6 million, and a 52.1% rise for the year totaling $250.99 million. However, the company faced a significant net loss of $84.2 million in Q4, a stark contrast to a net income of $28.5 million in Q4 2020, largely due to impairments related to its investment in Nanobank. The firm announced a $50 million stock buyback and expects revenue growth of 22% in 2022.

Opera, the renowned web browser, has made history by becoming the first browser to support emoji-only web addresses through a partnership with Yat. This innovative feature allows users to navigate the web using strings of emojis instead of traditional alphanumeric characters, enhancing online creativity and personalization.

The integration simplifies web navigation, making it user-friendly for artists and creators. With over 90% of internet users engaging with emojis, this shift represents a significant step in enhancing web accessibility and expression.

Opera Limited (NASDAQ: OPRA) will announce its fourth quarter 2021 results on February 17, 2022, before the market opens. The results will be accessible on its investor relations website. A conference call to discuss the results is scheduled for the same day at 8:00 am EST. Participants can join via a live webcast or by calling specific numbers based on their location. Opera, headquartered in Oslo, Norway, is a leading browser developer with a significant global user base.

Opera Limited (Nasdaq: OPRA) announced a share repurchase program authorizing up to US$50 million for American Depositary Shares (ADSs), with repurchases expected to start in February 2022 and conclude by March 31, 2024. The CEO, Yahui Zhou, emphasized the company's undervaluation and the strong cash position, suggesting this initiative will provide a compelling return on investment (ROI) and enhance shareholder value. Repurchases will occur opportunistically, subject to market conditions and other factors.

On January 19, 2022, Opera announced the launch of its Crypto Browser Project, a new web browser aimed at providing users with seamless access to Web3 services. The beta version is available for Windows, Mac, and Android, with iOS support coming soon. This browser emphasizes ease of use for decentralized apps, crypto news, and wallet functionalities. The project is a response to the growing interest in Web3, aiming to simplify user experiences while addressing environmental concerns through partnerships with blockchain solutions like Polygon. The Web3 market is projected to contribute $1.5 trillion to the economy by 2030.

Opera Limited (NASDAQ: OPRA) announced participation in the 24th Annual Needham Virtual Growth Conference on January 11, 2022. CFO Frode Jacobsen and VP of Investor Relations Matthew Wolfson will present in a Virtual Fireside Chat at 9:15 A.M. ET. Webcast details can be found on Opera's investor relations website. Opera, a global web innovator, is headquartered in Oslo, Norway.

Opera (NASDAQ:OPRA) has renewed its commercial agreement with Google (NASDAQ:GOOGL) for the distribution of Google Search in Opera browsers, maintaining a partnership that dates back to 2001. The new agreement is set on substantially similar terms to previous contracts and underscores Opera's strategy to enhance user experience through collaboration with a major search engine. This continuation reflects Opera's commitment to leveraging its extensive user base of hundreds of millions and its diversified product offerings, including browsers, news, and gaming apps.