Opera Ltd. Stock Price, News & Analysis

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.

Opera Limited (NASDAQ: OPRA) will disclose its second quarter 2021 financial results before the market opens on August 12, 2021. The results will be available on the 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 the website or dial in using various international numbers provided in the release. Opera is recognized globally for its web innovation, serving millions of users worldwide.

Opera GX, the world's first gamer-focused browser, has launched the Opera GX Game Jam 2021, inviting creators to design an offline game for its browser. The competition offers cash prizes totaling $20K for the top three entrants, with the winning game becoming the first playable experience on Opera GX's offline page. Submissions open on July 29. The event is supported by GameMaker Studio 2 and Game Jolt, catering to a community of over 9 million engaged users. This initiative aims to enhance user experience during internet outages.

Dify, a cashback service launched by Opera, is now available in Opera GX and as a browser extension for Chrome and Firefox. Users can earn cashback while shopping, with a new feature called Hot Deals offering up to 5 times higher cashback. Since its launch, Dify has partnered with over 400 merchants in Spain, including Media Markt and Booking. Users can receive payouts via PayPal and enjoy cashback within 30 days, reducing the industry average significantly. This initiative aims to enhance online shopping rewards for users and expand into more European markets.