Opera (OPRA) Stock News

Opera (NASDAQ: OPRA) has declared its next semi-annual cash dividend of $0.40 per share under its recurring dividend program. The dividend will be paid to shareholders of record as of January 6, 2025, with distribution expected around January 13, 2025. The total dividend payment amounts to approximately $35.4 million, based on 88.5 million outstanding shares. The payment applies to both ordinary shares and American Depositary Shares (ADS), with ADS holders receiving payments through The Bank of New York Mellon, subject to deposit agreement terms.

Opera Ads, the advertising platform from Opera (NASDAQ: OPRA), has achieved TAG Platinum status from The Trustworthy Accountability Group, joining an elite group of only 34 organizations worldwide with this designation. The status recognizes compliance with TAG's highest standards across fraud prevention, malware protection, and brand safety.

The achievement follows Opera Ads obtaining the Certified Against Malware seal, adding to its existing Brand Safety Certified and Certified Against Fraud credentials. These certifications cover Opera Ads' core offerings: Opera DSP, Premium Placements, and Opera Audience Solutions. The platform implements robust filtration tools and thorough incident review processes to ensure a safer digital advertising ecosystem.

Opera [NASDAQ: OPRA] has launched a major update for Opera GX, its gaming-focused browser, featuring a new Underwave design language and expanded customization options. The update includes AI-powered upscaling for images and video, enhanced dark mode, and a new Multithreaded Compositor UI engine for improved performance. With over 30 million users and 8,000 community-created mods with 250 million+ downloads, Opera GX now offers deeper personalization features, allowing users to customize every aspect of their browsing experience, from interface elements to visual effects.

Opera [NASDAQ: OPRA] and Spotify have partnered to integrate Spotify as the default streaming service within Opera One's upgraded Music Player. The integration allows users to listen to music, podcasts, and audiobooks while browsing, with a floating multimedia player that can be detached and moved around the screen. According to Opera's survey, 66% of users stream music on phones while at desktop computers, and the same percentage indicated they wouldn't get distracted with the integrated player. The partnership includes a promotional offer of free Spotify Premium for several months in selected countries. The feature will expand to Opera for Android in early 2025.

Opera (NASDAQ: OPRA) has announced its 2024 Annual General Meeting (AGM) to be held on December 3, 2024, in Wroclaw, Poland. The main agenda includes a proposal for a share consolidation that would merge each two ordinary shares into one ordinary share. Following this, the American Depositary Shares (ADS) ratio will be adjusted from 1:2 to 1:1, effective December 6, 2024. The company emphasizes that these changes will not affect the number of ADSs outstanding or investor ownership percentages, and the effect on ADS value will be neutral. The changes aim to simplify Opera's share structure and make it easier for investors to analyze metrics based on outstanding shares.

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.