Opera Ltd. Stock Price, News & Analysis

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.

Opera GX, the world's first browser designed for gamers, has introduced Razer Chroma RGB Lighting Effects, enhancing user experience by allowing dynamic lighting on Razer devices during specific browser actions. This innovation follows the initial integration of Razer Chroma, enabling gamers to enjoy custom animations when using the browser. Opera GX has now exceeded 5 million monthly active users, a significant growth from the previous year. The browser also features CPU, RAM, and network bandwidth limiters, enhancing performance for gamers. Opera is listed on NASDAQ under the ticker OPRA.

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.