Opera Ltd. Stock Price, News & Analysis

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.

Opera Limited (NASDAQ: OPRA) announced that CFO Frode Jacobsen and VP of Investor Relations Derrick Nueman will present at the Key Banc Future of Technology Series on September 16, 2020, at 12:40 p.m. ET. This virtual event will include one-on-one investor meetings, showcasing Opera's innovations and growth strategy. The company currently serves over 360 million active users and aims to expand its offerings in the fintech and classifieds sectors. A webcast of the presentations will be available on Opera's investor relations website.

Opera Limited (NASDAQ: OPRA) reported a record 379 million monthly active users in July, up from 360 million in Q2 2020. Q2 revenue decreased 10.2% year-over-year to $55.4 million, yet net income surged to $17.1 million, representing a 400.9% increase. Search and advertising revenues rose 32% in July. The formation of Nanobank, combining Opera's microlending with Mobimagic, aims to enhance growth in emerging markets. Adjusted EBITDA stood at $2.9 million, with a significant recovery trajectory expected due to improving user metrics and new fintech initiatives.

Opera Limited (NASDAQ: OPRA) has launched Opera For Business, a service designed to enhance online visibility for small and medium enterprises (SMEs) in Nigeria. This initiative allows businesses to create online profiles, promoting their offerings via platforms like Google Maps. The service includes digital marketing tools to reach new customers, furthering Opera's partnership with Google My Business. Currently, Opera has over 125 million users in Africa and aims to support SMEs through existing tools like OLeads and OList.

Opera Limited (NASDAQ: OPRA) is set to announce its Q2 2020 financial results on August 20, 2020, before market opening. The results will be available on the investor relations section of Opera's website. Following the earnings release, management will discuss the results during a conference call at 8:00 am EST. Opera boasts over 350 million monthly active users and continues to evolve its offerings beyond web browsers, including AI-powered news services and microfinance solutions.

Opera Limited (Nasdaq: OPRA) announced plans to acquire AB Fjord Bank, pending regulatory approval. This strategic move aims to enhance Opera's fintech operations in Europe, targeting improved personal finance solutions for its user base of over 50 million monthly active users in the region. Previously, Opera entered the fintech arena by acquiring PocoSys in January 2020, and it plans to launch deposit and loan services in Lithuania this summer. The investment for a 9.9% stake was completed on July 3, 2020, with the acquisition of the remaining 90.1% awaiting regulatory clearance.