Opera Ltd. Stock Price, News & Analysis

Opera Limited (NASDAQ: OPRA), a leading browser developer based in Oslo, Norway, announced participation in the MKM Partners Virtual Conference on November 17, 2021. CFO Frode Jacobsen and VP of Investor Relations Matthew Wolfson will present and engage in one-on-one meetings with investors. The event includes a Virtual Fireside Chat at 8:30 a.m. ET. A webcast will be available on Opera’s investor relations website.

Opera (NASDAQ: OPRA) has expanded its integrated cashback service, Dify, to Poland, Russia, and Ukraine. This move enhances Opera's offerings in these key markets, where cashback adoption is high. Users can receive up to 30% cashback on purchases from partner websites, including AliExpress and Booking.com, directly within the Opera browser, ensuring a seamless and privacy-focused experience. Opera aims to capitalize on the upcoming shopping season by providing a competitive cashback service without the need for additional extensions. Dify is also available as a Chrome extension and will be expanded to more countries soon.

Opera Limited (Nasdaq: OPRA) is set to hold its 2021 Annual General Meeting (AGM) on December 9, 2021, at 14:00 Central European Time. Due to COVID-19, the meeting will be virtual. Shareholders can request call-in details via email. The record date for attendees is November 8, 2021. No proposals will be submitted for approval, but the AGM will facilitate discussions on company affairs. More information is available on their investor relations website.

Opera Limited (NASDAQ: OPRA) reported Q3 2021 revenue of $66.6 million, a 57% increase year-over-year. Despite this growth, net income fell to $23.5 million, down 84.8% from the previous year, primarily due to a substantial gain in Q3 2020. Adjusted EBITDA was $8.2 million, with a margin of 12.3%. The company expects Q4 revenue between $70-$72 million, marking a 41% increase year-over-year. Advertising revenue outpaced search revenue for the first time, driven by strong user engagement and new products. Opera's average monthly active user base reached 352 million, with notable growth in North America.

Opera Limited (NASDAQ: OPRA) will release its third quarter 2021 results on October 28, 2021, before the market opens. The results will be accessible on the company's investor relations website. Following this, management will hold a conference call to discuss the financial outcomes at 8:00 am EST on the same day. The call will be available via a live webcast and can also be accessed through multiple dialing options depending on the listener's location.

Opera (NASDAQ: OPRA) launched its self-serve advertising platform, Opera Ad Manager, powered by DanAds, designed for tier-1 publishers. The platform enables advertisers to create, manage, and report on digital campaigns effectively. Opera celebrated a 128% increase in advertising revenue in Q2 2021, totaling $28.9 million, primarily driven by Opera News and mobile browsers. The initiative aims to simplify ad placement for small and medium enterprises and enhance user experience through innovative ad formats.

Opera GX, the first browser designed specifically for gamers, has integrated CORSAIR's iCUE software, enabling dynamic interaction between the browser and CORSAIR gear. Users can customize their devices with unique effects triggered by various browser actions, enhancing the gaming experience. The recent update allows users to select from preset animations or import GIFs for personalized effects. With features like resource management tools and a dedicated Discord server, Opera GX aims to tailor the online experience for millions of gamers worldwide.

Opera Limited (NASDAQ: OPRA) announced participation in key investor conferences, showcasing its commitment to connecting with investors. The Citi 2021 Global Technology Virtual Conference includes a fireside chat on September 15, 2021, while Lake Street Best Ideas Growth Conference and the 4th EFG Hermes Virtual Investor Conference will focus on one-on-one meetings on September 14 and September 20-21, respectively. CFO Frode Jacobsen and VP of Investor Relations Matthew Wolfson will lead discussions. A webcast will be available on Opera’s investor relations website.

Opera Limited (NASDAQ: OPRA) reported a strong Q2 2021, achieving a revenue of $60.2 million, an 86.7% increase year-over-year. Net income rose to $44.3 million, up 158.4% from Q2 2020. The company raised its full-year revenue guidance to $242-$247 million, reflecting a 48% year-over-year growth. Core search and advertising revenue soared by 94%, driven by browser and news performance. Opera anticipates Q3 revenue between $63-$65 million and expects adjusted EBITDA to break even, signaling continued growth momentum.