Opera Ltd. Stock Price, News & Analysis

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.

Opera Limited (NASDAQ: OPRA) announced strong fourth quarter 2020 results, exceeding its revenue and adjusted EBITDA guidance. Year-over-year search and advertising revenue growth rates surpassed expectations due to increased PC user growth and enhanced monetization strategies. The company initially forecasted fourth quarter revenue between $45 million and $47 million, and adjusted EBITDA between $10 million and $12 million. Full results will be reported on February 25, 2021, highlighting a robust performance that bodes well for 2021 growth.

OSLO, Norway, Jan. 5, 2021 – Opera Limited (NASDAQ: OPRA) announced participation in the 23rd Annual Needham Virtual Growth Conference. CFO Frode Jacobsen and VP of Investor Relations Derrick Nueman will conduct presentations and one-on-one investor meetings. The virtual fireside chat is scheduled for January 12, 2021, at 12:30 p.m. ET. A webcast of the event will be available on Opera’s investor relations website. Opera serves over 380 million users globally, providing trusted web solutions and fintech services.

Opera Limited (NASDAQ: OPRA) reported a significant increase in its user base, reaching 80 million monthly active users in December, up over 20% year-over-year. The growth is primarily driven by the Opera GX gaming browser, which saw user numbers rise to over 7 million, reflecting a 3.5 times increase from the previous year. The company attributes this success to its innovative features aimed at users seeking alternatives to default browsers. This growth supports Opera's strategy of launching new products such as Opera News and fintech solutions.

Opera has launched version 61 of its Android browser, introducing two notable features: WebSnap and a new media player. WebSnap allows users to capture and personalize snapshots with editing tools like blurring, text, and emojis. The updated media player supports all audio and video formats, enabling users to watch or listen while browsing, thanks to picture-in-picture mode. The browser enhances user experience with a free VPN, a Crypto Wallet, and an improved ad blocker, making it a competitive alternative on the Google Play Store, with over three million reviews and a 4.6-star rating.