Opera Ltd. Stock Price, News & Analysis

On January 19, 2022, Opera announced the launch of its Crypto Browser Project, a new web browser aimed at providing users with seamless access to Web3 services. The beta version is available for Windows, Mac, and Android, with iOS support coming soon. This browser emphasizes ease of use for decentralized apps, crypto news, and wallet functionalities. The project is a response to the growing interest in Web3, aiming to simplify user experiences while addressing environmental concerns through partnerships with blockchain solutions like Polygon. The Web3 market is projected to contribute $1.5 trillion to the economy by 2030.

Opera Limited (NASDAQ: OPRA) announced participation in the 24th Annual Needham Virtual Growth Conference on January 11, 2022. CFO Frode Jacobsen and VP of Investor Relations Matthew Wolfson will present in a Virtual Fireside Chat at 9:15 A.M. ET. Webcast details can be found on Opera's investor relations website. Opera, a global web innovator, is headquartered in Oslo, Norway.

Opera (NASDAQ:OPRA) has renewed its commercial agreement with Google (NASDAQ:GOOGL) for the distribution of Google Search in Opera browsers, maintaining a partnership that dates back to 2001. The new agreement is set on substantially similar terms to previous contracts and underscores Opera's strategy to enhance user experience through collaboration with a major search engine. This continuation reflects Opera's commitment to leveraging its extensive user base of hundreds of millions and its diversified product offerings, including browsers, news, and gaming apps.

Opera (NASDAQ: OPRA) has partnered with Butter, a regulated Buy-Now-Pay-Later (BNPL) platform, to enhance shopping experiences for UK consumers using the Opera browser. This collaboration allows users to spread payments on e-commerce purchases without penalties or interest. The BNPL sector has seen rapid growth in the UK, with over 17 million users. The partnership aligns with Opera's strategy to provide seamless, private, and safe online shopping. Both companies anticipate that this integration will meet the increasing demand for flexible payment solutions among consumers.

Opera Limited (NASDAQ: OPRA) announced its participation in the UBS Global TMT Virtual Conference scheduled for December 8, 2021. CFO Frode Jacobsen and VP of Investor Relations Matthew Wolfson will lead a Virtual Fireside Chat at 2:00 P.M. ET. The event will be available via a webcast on Opera's investor relations website.

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.