Opera Ltd. Stock Price, News & Analysis

Opera GX, the first browser for gamers, is hosting an event titled "Opera GX presents: That's my Streamer," allowing fans to team up with their favorite streamers. Participants will have a chance to win a total of $10,000 in prizes, with $8,000 for the winning team and $2,000 for the runner-up. Teams will be coached by renowned CS:GO experts during training sessions leading up to the face-off. Applications are open until April 18, 2021, with the final match scheduled for early May 2021. This initiative aims to engage and reward the gaming community.

Opera Limited (NASDAQ: OPRA) announced that its gaming browser, Opera GX, surpassed 8 million monthly active users, showing a remarkable growth of over 250% year-over-year as of February 2021. EVP of Gaming & PC Browsers, Krystain Kolandra, stated that the company aims to maintain this rapid growth through an aggressive product roadmap that includes enhancing gaming features and expanding their 2D gaming platform, YoYo Games Gamemaker Studios. This strategy aligns with Opera's vision of integrating gaming with browsing for long-term growth.

Opera Limited (NASDAQ: OPRA) has appointed Allen Hu, a veteran from PayPal, as the new Executive Vice President of its fintech division, Dify. Hu, who has extensive experience in financial technology and previously worked at Baidu Pay and Tencent, is set to lead Dify's growth. Dify recently launched a cashback service and a wallet app in Europe, targeting online shoppers. The company aims to expand its fintech services by leveraging Hu's experience and Opera's large user base of 380 million monthly active users.

Opera Limited (NASDAQ: OPRA) reported its Q4 2020 financial results, showcasing a revenue increase of 3% year-over-year to $50.4 million. The net income surged 15.6% to $25.4 million, reflecting strong user growth and higher engagement in its core businesses, Opera Browser and Opera News. Adjusted EBITDA rose 111.4% to $14.3 million, achieving a margin of 28%. The company expects 2021 revenue growth of 25% to 39%, indicating strong momentum and strategic investments in fintech and gaming. Opera's monthly active users increased by 29 million, driven by a 350% year-over-year rise in its Opera GX browser usage.

Opera (NASDAQ: OPRA) has launched a new chat service called Hype, integrated into its Opera Mini mobile browser. This innovative feature enhances the browsing experience for users, especially in emerging markets where mobile-first usage is prevalent. With over 100 million users, Opera Mini aims to save data by integrating chat functionality without compromising speed. Hype will debut in Kenya, where 40% of the population has smartphone access. The initiative is part of Opera's strategy to grow its digital ecosystem in Africa, having already increased its user base by 40% since 2018.

Opera Limited (NASDAQ: OPRA) has launched a new in-browser ecommerce solution called Dify aimed at enhancing online shopping experiences and providing cashback benefits for users. The Dify app includes a current account, a virtual Mastercard debit card, and cashback services for purchases made on partner websites through the Opera browser. Initially available in beta in Spain, Opera plans to expand Dify's functionalities, including savings management and investment options, in response to the growing European ecommerce market valued at €717 billion.

Opera Limited (NASDAQ: OPRA) announced it will report its fourth quarter and full year 2020 results on February 25, 2021. The company anticipates exceeding the top end of its revenue and adjusted EBITDA guidance for the fourth quarter. A conference call will be hosted the same day at 8:00 am EST to discuss the financial results, which can be accessed via the investor relations section of Opera's website.

Opera is recognized for its innovative web solutions, having over 380 million monthly active users globally.

Opera (NASDAQ: OPRA) has acquired YoYo Games, the creators of GameMaker Studio 2, for approximately $10 million. This acquisition aims to enhance Opera's new division, Opera Gaming, further expanding its footprint in the gaming sector. Opera GX, a browser for gamers, has experienced rapid growth, with 7 million monthly active users and a 350% increase year-over-year. The combination of Opera GX and GameMaker Studio 2 is expected to lower barriers for game development and provide new opportunities for users in the gaming community.