Opera Ltd. Stock Price, News & Analysis

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.

Opera, the Norwegian browser maker, has integrated Twitter into the sidebar of its desktop browser version 69, making it the first major browser to do so. This update aims to enhance the user experience for Twitter fans, following the earlier addition of built-in Instagram support. According to an Opera survey, 62% of US Twitter users desire easier access to the platform on desktops. As of March 2020, Opera reported a record 73 million unique monthly users.

Opera GX, the first gaming browser, has launched new features including Discord support and a Hot Tabs Killer to enhance the browsing experience for gamers. With a growth of 121% in monthly users since late 2019, Opera GX targets over 1.3 billion PC gamers globally, amidst a booming gaming industry. The new features aim to optimize performance by allowing users to identify and close resource-hungry tabs, and the Force Dark Pages feature helps reduce glare. As of March 2020, Opera has reached 73 million monthly active users.

Opera (NASDAQ: OPRA) announced a significant milestone with its Opera News service reaching over 200 million monthly active users in May, marking a 28% year-over-year growth. This surge is attributed to the expansion of Opera News Hub beyond Nigeria into several African countries, the introduction of the Opera News Lite app, and its role as a vital information source during the Coronavirus pandemic. The platform utilizes advanced AI technologies for personalized content delivery, further establishing Opera's presence in the digital content landscape.

Opera launched Opera Mini 50, a significant upgrade to its Android browser, featuring a revamped user interface for enhanced user experience. This popular browser, utilized by over 100 million monthly users, includes unique functionalities such as data compression, offline file sharing, and a built-in ad-blocker. In 2020, Opera has collaborated with major internet service providers in Africa to provide free daily browsing, addressing accessibility issues in regions with expensive mobile data. Opera serves over 360 million active users globally and is listed on NASDAQ (OPRA).