Opera Ltd. Stock Price, News & Analysis

Opera Limited (NASDAQ: OPRA) has filed an amendment to its annual report for the fiscal year ending December 31, 2020, with the SEC. This amendment includes the audited financial statements of NanoCred Cayman Company Limited (Nanobank), which will be filed by June 30, 2021. The original annual report remains unchanged. Stakeholders can access the report on Opera's investor relations website or the SEC's site. Hard copies are available upon request.

Opera (NASDAQ: OPRA) announced its integration of Celo's stablecoins, Celo Dollar (cUSD) and Celo Euro (cEUR), into its Crypto Wallet, allowing millions of users to transact easily. This strategic move aims to enhance financial accessibility for users in regions like Africa, LATAM, and the Philippines, where financial services are limited. The integration supports a mobile-first approach, aligning with Opera's previous efforts in blockchain technology since 2018. Users can now manage cUSD and cEUR alongside other cryptocurrencies like Bitcoin and Ethereum, fostering a broader financial ecosystem.

Opera has released a significant update to its desktop browser, codenamed R5, in response to changing web usage patterns during the pandemic. Key features include improved video conferencing capabilities with a new popout feature for major platforms like Zoom and Google Meet, and the introduction of a virtual pinboard for idea sharing. The update also expands access to music streaming services like Deezer and Tidal. With over 65% of users spending more time online, these enhancements aim to improve multitasking and user experience.

Opera, the first browser with Web 3 capabilities, announced its integration with Nervos, a leading blockchain, to support the CKB$ crypto asset through its native crypto wallet. This partnership will provide Opera users with access to Nervos dApps and allow for seamless transactions of CKB tokens within the browser. Nervos becomes the fourth blockchain supported by Opera, joining Bitcoin, Ethereum, and TRON. The collaboration aims to enhance user experiences in the crypto space and promote mainstream adoption of Web 3 applications.

Opera (NASDAQ: OPRA) has launched Opera GX for mobile, the first browser designed specifically for gamers, coinciding with the final day of E3 on June 15, 2021. This browser offers features from the popular Opera GX desktop version, including custom skins, haptic feedback navigation, and a native ad blocker. With over 9 million monthly active gamers using the desktop version as of March 2021, the mobile launch aims to enhance the gaming experience on both mobile and desktop. Key features include the GX Corner for gaming news, seamless device syncing via Flow, and enhanced user interface options.

Opera Limited (NASDAQ: OPRA) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC. This filing regains compliance with Nasdaq's Listing Rule 5250(c)(1) after a previous notification of non-compliance due to delays from COVID-19 impacts on its investee, Nanobank. The annual report is accessible via the Company's investor relations site and can be requested as a hard copy free of charge by shareholders. Opera is a prominent internet consumer brand, offering web and fintech solutions to hundreds of millions globally.

On June 10, 2021, Opera Limited (Nasdaq: OPRA) announced the monetization of 29% of its stake in OPay Limited, generating a gain of US$31.1 million. This decision reflects the company's confidence in OPay's rapid growth as a prominent African fintech. Opera retains 71% of its OPay shares to continue benefiting from future growth. CFO Frode Jacobsen emphasized this strategic move highlights the value created for shareholders through focused investments in companies with familiar business models.

Opera has launched its chat service Hype within the Opera Mini browser for users in South Africa, Zambia, and Ghana. This service integrates secure chatting and browsing, aimed at younger internet users seeking social connectivity. Hype, which debuted in Kenya in 2021, has garnered over 400,000 activations and 10,000 daily invites. To encourage usage, Opera has partnered with local carriers to offer free data access. Unique features include a built-in meme creator, GIF support, and stickers from African artists, enhancing user engagement.

Opera Limited (Nasdaq: OPRA) announced on June 8, 2021, that Ms. Xiaoling Qian has joined its Board of Directors, replacing Tian Jin, who resigned. Qian is an executive from Kunlun, Opera's largest shareholder, and has been involved with the company since Kunlun's investment in 2016. Opera's Chairman and CEO, Yahui Zhou, expressed confidence in Qian's understanding of the business and the management team. Opera, headquartered in Oslo, is a major internet consumer brand with extensive global reach.