Welcome to our dedicated page for Opera news (Ticker: OPRA), a resource for investors and traders seeking the latest updates and insights on Opera stock.
Opera Limited develops consumer internet software centered on mobile and desktop browsers, including Opera One, Opera GX and Opera Neon, with integrated AI features for web navigation and browser-based workflows. News about OPRA commonly covers product releases such as Browser Connector and MCP Connector, updates to its agentic AI browser strategy, and adjacent services including Opera Ads, Opera News and the MiniPay self-custodial wallet.
Company updates also cover quarterly and annual results, advertising and query revenue trends, adjusted EBITDA guidance, capital-return actions involving American depositary shares, annual report filings, and governance matters for the Nasdaq-listed foreign issuer.
Alteon LaunchPad is set to launch exclusively on the Opera Crypto Browser, allowing users to mint NFTs in real-time. This integration aims to make NFT creation more accessible, enabling users with minimal experience to use a simple drag-and-drop interface. The service requires no platform usage fees, facilitating wider participation in the NFT market. Scheduled for release in January 2023, the LaunchPad will include features like automatic smart contract generation and seamless content sharing. This partnership aims to democratize the creative process and connect artists to the Web3 economy.
GX.games is set to enhance its offerings by introducing two free indie games this November: Hero's Hour and Leaf Blower Revolution. The initiative, called 'Monthly Drop', aims to deliver new games each month to its audience. Users can claim Hero's Hour for free from November 17 to 23, 2022, and once claimed, they will retain it indefinitely. The platform, part of Opera, caters to a growing audience of gamers, providing a tailor-made browser experience with a variety of free games.
Opera Limited (NASDAQ: OPRA), a leading internet consumer brand, will have executives presenting at two investor conferences. On November 30, 2022, CFO Frode Jacobsen will speak at the Credit Suisse 26th Annual Technology Conference at 3:05 PM MT. Following this, on December 6, 2022, EVP Commercial Per Wetterdal will present at the UBS Global TMT Conference at 7:30 AM ET. Webcasts of both presentations will be available on Opera's investor relations website.
On November 15, 2022, Opera (NASDAQ: OPRA) announced the integration of TikTok directly into its desktop browser sidebar. This feature responds to user demand, especially among the 18-35 age group, where 65% expressed interest in this addition. The TikTok integration allows seamless browsing without needing to switch apps. Notably, 86% of TikTok users utilize it for entertainment, with significant usage for news and trend tracking. Opera positions itself as the first browser to offer built-in TikTok access, enhancing user experience on Windows, Mac, and Linux platforms.
Opera has launched DegenKnows, a new NFT analytics tool designed to help users track and evaluate NFT projects' popularity and authenticity. This tool provides insights from leading wallets, including celebrities and influencers, while also analyzing both on-chain and off-chain data. The Opera Crypto Browser now supports the NEAR, Elrond, and Fantom blockchains, expanding its service offerings. All Opera browser users are granted free Premium access to DegenKnows, further enhancing the platform's appeal amid growing NFT market engagement.
Opera Limited (Nasdaq: OPRA) has announced its 2022 Annual General Meeting (AGM) to be held on December 7, 2022, at 10:00 EST, in New York City. The record date for shareholders is set for November 1, 2022. This meeting will not include any proposals for approval but will serve as a forum for discussions among shareholders and American depositary shareholders. Details about the AGM can be found on Opera's investor relations website.
Opera Limited (NASDAQ: OPRA) reported a strong Q3 2022, with revenues reaching $85.3 million, a 28% year-over-year increase, and an adjusted EBITDA margin of 25%. The company generated significant gains from its gaming browser GX, contributing to high ARPU in the Americas and Europe. Opera announced a major repurchase of 23.4 million ADS equivalents and raised its 2022 revenue guidance to $323-326 million. Despite these successes, net income fell 60% to $9.4 million. The company maintains a strong cash position of $201 million.
Opera Limited (NASDAQ: OPRA) will announce its third quarter 2022 financial results on October 27, 2022, before market opens. A conference call will take place the same day at 8:00 am Eastern Time. Investors can access the report and listen to the call live via the investor relations section of Opera's website. This announcement highlights the company's ongoing commitment to transparency and engagement with its investors.
Opera Limited (NASDAQ: OPRA) has completed the repurchase of 46.75 million shares from Qifei International Development, a subsidiary of 360 Security Technology, for $128.6 million at $5.50 per ADS. This buyback clears 360's 20.6% stake, simplifying ownership and increasing each outstanding share's ownership by 26%. The transaction values the shares at 43% below analyst targets. Opera has now repurchased 33.7 million ADS equivalents since its IPO, bolstering shareholder value while leaving $36 million under its existing repurchase program.
Opera Limited (NASDAQ: OPRA) has announced that shareholders of 360 Security Technology Inc. have approved a share repurchase agreement with Opera's pre-IPO shareholder, Qifei International Development Co. Ltd. Following the completion of this transaction, 360 will exit its position as a shareholder in Opera. The transaction is expected to close within 10 business days. This move strengthens Opera's shareholder structure and may enhance shareholder value by reducing the number of outstanding shares.