Opera Ltd. Stock Price, News & Analysis

Opera Limited (Nasdaq: OPRA) has scheduled its 2020 Annual General Meeting (AGM) for December 29, 2020, at 14:00 Central European Time. The meeting will be held virtually due to the COVID-19 pandemic. Shareholders can request call-in details via email. The record date for participation is December 1, 2020. Notably, no proposals will be presented for approval at this AGM; it will instead serve as an open forum for shareholders to discuss company affairs. Opera is a global web innovator, serving over 380 million users worldwide.

Opera Limited (NASDAQ: OPRA) will participate in multiple investor events, featuring presentations from CFO Frode Jacobsen and VP of Investor Relations Derrick Nueman. Key event details include the Credit Suisse 24th Annual Technology Conference on December 1, 2020, at 9:20 a.m. ET, Wells Fargo TMT Summit on December 2, 2020, with 1x1 meetings, and the UBS Global TMT Virtual Conference on December 9, 2020, at 11:10 a.m. ET. Webcasts will be available on Opera's investor relations website.

Opera reported a strong Q3 2020, achieving $42.4 million in revenue, a 33% QoQ increase driven by growth in search and advertising. The user base expanded to over 380 million MAUs, up 18 million from Q2. Adjusted EBITDA was $10.7 million, with a remarkable margin of 25%. Net income surged to $154.4 million, affected by a gain from discontinued operations. Notably, Opera's European fintech initiative is nearing launch in Spain, with plans for expansion.

Opera has introduced a new Player feature in its browser, allowing users to access popular music streaming services like Spotify, Apple Music, and YouTube Music directly from the sidebar. This feature ensures music pauses automatically while streaming videos, resuming playback once the video finishes. It enhances user experience by enabling easy playback control without switching tabs. With 75 million monthly active users, Opera continues to innovate, having previously integrated social media into its browser, solidifying its position in the market.

Opera Limited (NASDAQ: OPRA) will announce its third quarter 2020 financial results on November 19, 2020, before market open. The results will be accessible on their investor relations website. Following the release, management will host a conference call at 8:00 am EST to discuss the results. Stakeholders can join the call via a live webcast or through various international phone numbers provided. Opera is a prominent browser developer with over 380 million users globally, headquartered in Oslo, Norway.

Opera GX, the first gaming browser, unveils exciting new features to enhance user experience while maintaining speed and performance. The new GX Cleaner efficiently removes unnecessary files to optimize browser performance. Users can now select from an unlimited color palette with the Secondary Colors feature, and the Easy Files tool simplifies file attachments by displaying recently used files for quick access. With over 5 million monthly active gamers, Opera GX continues to grow, more than doubling its user base year-to-date.

Opera Limited (NASDAQ: OPRA) reported a return to year-over-year revenue growth in September, rebounding from a negative 13% in June, driven by improved monetization and user growth. Monthly active users (MAUs) reached 387 million, with record levels on smartphones and PCs. The company anticipates continued growth despite ongoing COVID-19 impacts. Additionally, a shareholder transaction is set to occur between Keeneyes Future Holding and Kunlun Tech, involving the sale of 19.5 million Opera shares for $80.1 million, representing an 8.47% change in ownership.

Opera [NASDAQ: OPRA] has launched new versions of its Android and desktop browsers, celebrating enhanced synchronization features. The Android version 60 introduces a redesigned Sync feature, enabling users to connect devices via QR-code scanning, eliminating traditional login hassles. Additionally, it includes the Flow feature for easy file sharing. The desktop version 71 brings forth Easy Files, streamlining file attachment by presenting recent downloads visually. Opera boasts over 380 million active users, continuously innovating to expand its product offerings.

Opera [NASDAQ: OPRA] has launched a new feature in its Opera GX browser, introducing adaptive background music aimed at enhancing the gaming experience during web browsing. Developed by renowned composer Ruben Rincón and the Berlinist band, this feature adapts dynamically to user activity, providing an immersive soundscape. Additionally, Opera GX has integrated Twitter into its sidebar, improving accessibility for users. The browser has seen a remarkable 183% growth year-to-date, now serving over 4 million monthly active gamers.