Welcome to our dedicated page for Opera news (Ticker: OPRA), a resource for investors and traders seeking the latest updates and insights on Opera stock.
Opera Limited develops consumer internet software centered on mobile and desktop browsers, including Opera One, Opera GX and Opera Neon, with integrated AI features for web navigation and browser-based workflows. News about OPRA commonly covers product releases such as Browser Connector and MCP Connector, updates to its agentic AI browser strategy, and adjacent services including Opera Ads, Opera News and the MiniPay self-custodial wallet.
Company updates also cover quarterly and annual results, advertising and query revenue trends, adjusted EBITDA guidance, capital-return actions involving American depositary shares, annual report filings, and governance matters for the Nasdaq-listed foreign issuer.
Opera Limited (Nasdaq: OPRA) has received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) for failing to timely file its annual report on Form 20-F for the fiscal year ending December 31, 2020. The delay was caused by auditing challenges faced by its investee, Nanobank, primarily due to COVID-19 impacts in India. Nasdaq has allowed the company 60 days to submit a compliance plan, and an extension of up to 180 days could be granted if accepted. Opera expects to file its Form 20-F within the initial 60-day period.
Opera Limited (NASDAQ: OPRA) has launched Opera GX Mobile, the first mobile browser tailored for gamers. This follows a remarkable 190% year-over-year growth in its desktop counterpart, which boasts over 9 million users. Key features include Fast Action Button with haptic feedback, a unique gaming-inspired design, and the ability to sync with the desktop version via Flow. The GX Corner feature will deliver gaming news and deals directly on the mobile interface. Opera GX Mobile is currently in beta for Android and iOS, set for public access soon.
Opera Limited (NASDAQ: OPRA), a leading global internet brand, announced its participation in two significant events. The 16th Annual Needham Virtual Technology & Media Conference will take place on May 18, 2021, at 9:30 a.m. ET, and the Cowen's 49th Annual TMT Conference is scheduled for June 2, 2021, at 9:10 a.m. ET. Frode Jacobsen, Chief Financial Officer, will represent Opera at both conferences. Interested parties can view the presentations via the Opera investor relations website.
Opera (NASDAQ: OPRA) has integrated blockchain domain provider Unstoppable Domains into its browsers, enabling over 320 million users to access decentralized websites without additional downloads. Users can utilize .crypto NFT addresses across various platforms like iOS and Android. Unstoppable Domains, which offers permanent ownership of domain names minted as NFTs, has registered over 700,000 domains. This integration simplifies crypto transactions and promotes user ownership of digital identities in Web3.
Opera Limited (NASDAQ: OPRA) reported strong Q1 2021 results with revenue rising 28% to $51.6 million. Net income turned positive at $0.6 million, compared to a $20.9 million loss in Q1 2020. Core search and advertising revenue grew 38% year-over-year. Adjusted EBITDA was $4.6 million, marking a significant turnaround from a loss last year. The company raised its full-year revenue expectations to between $230 million and $245 million, indicating optimism in its growth trajectory, especially in gaming and fintech sectors.
Opera Limited (NASDAQ: OPRA) will release its first quarter 2021 results before market opening on April 27, 2021.
The company anticipates that both revenue and adjusted EBITDA will exceed prior guidance ranges. A conference call to discuss the results will take place on the same day at 8:00 am EST.
Opera is a leading internet consumer brand with over 380 million monthly active users.
Opera Limited (NASDAQ: OPRA) announced on April 6, 2021, that it expects first-quarter 2021 results to surpass revenue and adjusted EBITDA guidance. The company initially predicted revenue between $46 and $48 million with breakeven adjusted EBITDA. CFO Frode Jacobsen noted a strong performance driven by over 30% year-over-year growth in search and advertising revenue. This momentum, alongside progress in new initiatives, enhances confidence in sustained growth for shareholders. Full results will be reported on April 27, 2021.
Opera GX, the first browser for gamers, is hosting an event titled "Opera GX presents: That's my Streamer," allowing fans to team up with their favorite streamers. Participants will have a chance to win a total of $10,000 in prizes, with $8,000 for the winning team and $2,000 for the runner-up. Teams will be coached by renowned CS:GO experts during training sessions leading up to the face-off. Applications are open until April 18, 2021, with the final match scheduled for early May 2021. This initiative aims to engage and reward the gaming community.
Opera Limited (NASDAQ: OPRA) announced that its gaming browser, Opera GX, surpassed 8 million monthly active users, showing a remarkable growth of over 250% year-over-year as of February 2021. EVP of Gaming & PC Browsers, Krystain Kolandra, stated that the company aims to maintain this rapid growth through an aggressive product roadmap that includes enhancing gaming features and expanding their 2D gaming platform, YoYo Games Gamemaker Studios. This strategy aligns with Opera's vision of integrating gaming with browsing for long-term growth.
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