Opera Ltd. Stock Price, News & Analysis

Opera (NASDAQ: OPRA) reported strong Q3 2024 results, with revenue growing 20% year-over-year to $123.2 million, exceeding guidance. Adjusted EBITDA reached $30.8 million with a 25% margin. Advertising revenue grew 26% to $76.8 million, while search revenue increased 13% to $46.3 million. The company reported 296 million monthly active users, with gaming browser Opera GX reaching 31.9 million users. Based on strong performance, Opera raised its full-year 2024 guidance, now expecting 19% year-over-year growth with revenue between $470-473 million and adjusted EBITDA of $112-114 million.

Opera has released Opera One R2, its latest AI-powered browser version featuring enhanced AI capabilities and dynamic themes. The update introduces key features including Split Screen for simultaneous tab viewing, Tab Traces for tracking recent tabs, and detachable music & video controls. The browser incorporates advanced AI features like Image Generation, Image Understanding, and an improved Command Line interface with Aria AI assistant. Notable additions include Scandinavian-inspired dynamic themes with customizable animations, sounds, and a new glass UI design. Opera One R2 maintains its native ad blocker support and continues to support Manifest V2 extensions.

Opera (NASDAQ: OPRA), a major browser developer and internet consumer brand, has announced it will release its third quarter 2024 financial results on Tuesday, October 29, 2024, before the market opens. The earnings release will be available on the company's investor relations website at investor.opera.com.

Following the release, management will host a conference call at 8:00 a.m. ET on the same day to discuss the financial results. Investors can access the call by dialing:

• United States: +1 877-830-2596
• Norway: +47 80-01-3780
• International: +1 785-424-1744

The confirmation code for the call is OPRAQ324. Additionally, a live webcast of the conference call will be accessible at investor.opera.com.

Opera [NASDAQ: OPRA] has introduced Tab Commands, a new feature in Opera One that allows users to manage tabs using AI. This innovation enables users to interact with Aria, Opera's built-in browser AI, through the Command Line to close, group, and pin tabs, as well as create bookmarks. The feature is now available on the developer stream of Opera for desktop.

Key aspects of Tab Commands include:

• Privacy-focused design: Only the user's prompt is processed, with no tab information sent to the server
• Continuation of Opera's tab innovation, following the introduction of Tab Islands in 2023
• Part of Opera's AI Feature Drops Program, which aims to expand AI functionality beyond chatboxes

Users can access Tab Commands by opening the Command Line (Ctrl+/) or right-clicking a tab and selecting 'AI Tab Management' when 5 or more tabs are open.

Opera [NASDAQ: OPRA] has announced that its built-in browser AI, Aria, is now available to all desktop and gaming users, as well as Opera for Android beta users, without requiring a log-in. This change aims to make Aria's features, including Image Generation, Image Understanding, and Page Context mode, more accessible to Opera's wide audience.

Aria utilizes Opera's AI Composer engine, which selects the most suitable model (GPT or Gemini) for user queries. Opera has also invested in a green-energy-powered AI data cluster in Iceland, rated among the world's top 100 supercomputers, to support its AI projects in a cost-effective and sustainable manner.

The company's 'AI Feature Drops' program has allowed for experimentation with cutting-edge AI functionalities, some of which have been integrated into the main version of Opera One. Aria will soon be available without an account on Opera for Android and Opera for iOS, expanding its accessibility across all platforms.

Opera GX, the browser for gamers, has partnered with Riot Games as the Preferred Browser Partner for League of Legends Esports Global Events, starting with Worlds 2024. This multi-year partnership aims to enhance the viewing experience through:

• A Co-Streamer Hub centralizing streaming options
• Exclusive Worlds Unlocked digital drops for Opera GX users
• Custom browser mods themed around LoL characters
• A dedicated 'Riot Corner' with an interactive match directory and calendar

The partnership launches on September 25th, coinciding with Worlds 2024 play-in rounds. Users can download Opera GX to access these features and claim exclusive items at lolesports.com.

Opera (NASDAQ: OPRA), a major browser developer and internet consumer brand, has announced its participation in two upcoming investor conferences:

• Citi's 2024 Global TMT Conference on September 6, 2024, featuring Per Wetterdal, EVP Commercial, in a fireside chat at 1:20 p.m. ET.
• Goldman Sachs Communacopia + Technology Conference on September 9, 2024, with Frode Jacobsen, CFO, presenting at 3:45 p.m. PT.

Live audio webcasts and replays will be available on Opera's investor relations website. Founded in 1995 and headquartered in Oslo, Norway, Opera is publicly listed on Nasdaq under the ticker OPRA. The company focuses on providing innovative web browsing experiences across all devices.

Opera (NASDAQ: OPRA) reported strong Q2 2024 results, exceeding expectations and raising its full-year outlook. Revenue grew 17% year-over-year to $109.7 million, surpassing guidance. Adjusted EBITDA reached $26.6 million, a 24% margin, also above expectations. The company's product lineup was strengthened with the launch of Opera One on iOS and continued AI innovation.

Key financial highlights include:

• Net income of $19.3 million, up 43% year-over-year
• Diluted earnings per ADS of $0.22, a 46% increase
• Advertising revenue grew 20% to $64.6 million
• Search revenue increased 15% to $44.5 million

Opera raised its full-year 2024 guidance, now projecting 17% year-over-year revenue growth and a 24% adjusted EBITDA margin at the midpoints.

Opera has launched Opera One for iOS, its AI-powered flagship browser for iPhone. The new version features a full-screen mobile interface, simplified user commands, and the aesthetics of the award-winning Opera One desktop browser. Key updates include:

1. Bottom Search: A new navigation style shifting the search bar to the bottom for easier one-handed use.
2. Revamped search functionality with predictive chips for faster typing.
3. Swipe to search gesture for quick access to the search bar.
4. Adaptive color scheme that matches webpage colors.
5. Aria: A free, unlimited built-in AI with voice input and image generation capabilities.

The release follows a 63% growth in new users across the EU after the implementation of the DMA's browser choice ballot.