Opera Ltd. Stock Price, News & Analysis

Opera has integrated support for major blockchain ecosystems including Solana, Polygon, and StarkEx, allowing its users seamless access to decentralized applications (dApps) within eight blockchain ecosystems. This move aims to enhance user experience in Web3 while reducing carbon footprint through improved efficiency and lower transaction fees. Opera's initiative aligns with its mission to onboard millions of users to Web3 in an environmentally-conscious manner. This integration follows the launch of its Crypto Browser Project, providing a dedicated platform for cryptocurrency interactions.

Opera Limited (Nasdaq: OPRA) announced the sale of its 42.35% stake in NanoCred Cayman Co. Limited (Nanobank) for $127.1 million. The payment will occur in eight quarterly installments over two years. This divestment, completed on March 22, 2022, results in a gain of approximately $16.5 million for Opera, compared to the $110.6 million carrying value when it acquired the stake in August 2020. Although the company will record a net loss based on the investment's carrying amount of $176.4 million at year-end 2021, CFO Frode Jacobsen stated this focuses the firm on its core business.

OSLO, Norway, March 8, 2022 /PRNewswire/ -- Opera GX has partnered with Logitech G to incorporate LIGHTSYNC RGB technology, enhancing the gaming browser's features with over 16.8 million color possibilities.

This integration allows gamers to create custom lighting effects that respond dynamically while using Opera GX. The browser, launched in 2019, is tailored for gamers, offering unique features like CPU and RAM limiters. Users can easily enable LIGHTSYNC RGB through the GX Lights settings, enhancing notifications and interactions with a colorful display.

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.