Opera Ltd. Stock Price, News & Analysis

Opera Limited (NASDAQ: OPRA) is a user-centric software company in the information sector, focused on internet browsing and AI technologies. The company develops and operates web browsers and related products that aim to enable the best possible internet browsing experience across devices. According to Opera, hundreds of millions of people worldwide use its mobile and desktop browsers for their speed, security, unique features, and integrated AI capabilities. Opera was founded in 1995 and is headquartered in Oslo, Norway. Its ordinary shares are publicly listed on the Nasdaq stock exchange under the ticker symbol OPRA.

Opera positions itself as a browser innovator and an agentic AI company, combining traditional web browsing with AI agents that can understand context, assist with tasks, and interact with web content. The company describes itself as a leading global browser and AI agent company, reflecting its dual focus on browser development and AI-powered user experiences.

Core browser products and user experience

Opera develops several browser products for different platforms and user groups. Its main browsers include Opera One, Opera GX, Opera Neon, and other Opera browsers for mobile phones and desktop computers. These browsers are designed with features that Opera highlights as unique, such as integrated AI, privacy and security tools, and visual and auditory customization options.

Opera One is described as the company’s flagship browser. In the Opera One R3 release, Opera emphasizes features such as Tab Islands, which are an intuitive and automated way of grouping tabs by browsing context. Users can color-code and name Tab Islands to make it easier to identify groups of tabs. Opera states that this approach is intended to take tabbed browsing to a new level and help users stay organized.

The company also focuses on modular design in its browsers. In Opera One, the sidebar provides access to services such as social messengers, music players, Slack, Discord, and integrations with Google services like Gmail and Google Calendar. This modular approach is intended to keep more web pages and web apps at hand without leaving the current task.

AI integration and agentic browsing

Opera describes itself as an agentic AI company and has introduced Opera AI as a rebuilt browser AI engine. Opera AI is integrated into its browsers as a side panel that users can interact with in connection with any webpage, group of webpages, or videos. According to the company, Opera AI can provide answers based on the browsing context, offer research assistance, summarize content, and compare information across tabs. It supports voice input and output and can analyze multiple file types, including video.

Opera states that the new Opera AI engine adopts an agentic-based architecture from Opera Neon and is designed for speed, with the capability to deliver faster responses. The company also emphasizes privacy controls, noting that users can choose what context is shared with Opera AI and what remains outside its awareness.

Opera Neon is described as an experimental agentic AI browser for AI power users. It uses AI agents to perform tasks and even code web apps rather than just display web pages. Opera highlights that Neon provides access to multiple top-tier AI models within a single workspace and is intended as a testing ground for the latest AI advancements, offered as a subscription product.

Product ecosystem and specialized offerings

Beyond its flagship browser, Opera offers Opera GX, which it identifies as a gaming browser. Opera reports that Opera GX has tens of millions of average monthly active users across PC and mobile. The company also refers to Opera GX Mobile as a separate browser tailored for gamers, and to other Opera browsers that run on Android, iOS, and desktop platforms.

Opera’s product ecosystem extends into digital finance through MiniPay, a non-custodial stablecoin wallet built on the Celo blockchain and offered by Blueboard Limited, an Opera company. MiniPay is available as a standalone app and as an integration within the Opera Mini browser. According to Opera, MiniPay is designed to make digital finance accessible and user-friendly, especially in emerging markets, enabling users to send, receive, and save certain stablecoins with low fees and a phone number-linked experience.

Opera also highlights extensions of its browser experience through dynamic Themes and soundscapes in Opera One. The company describes new themes such as Radiance, Orbit, and Sonic, which include visual designs and soundscapes intended to make browsing sessions feel unique. The Sonic theme is described as reacting to music played in the Opera music player, illustrating Opera’s focus on combining browsing with audio experiences.

Business model and revenue categories

Opera’s financial disclosures describe revenue generated primarily from advertising and query-based revenue. Advertising revenue is associated with activities such as traffic and engagement that lead to advertising placements, including from e-commerce partners. Query revenue is defined by Opera as revenue generated by driving traffic to partners in response to users’ proactive intent for online discovery. This category includes what Opera previously classified as search revenue, along with other query-based revenue that would have been categorized as advertising under its prior presentation.

Opera notes that query revenue includes monetization of user-initiated actions in its browsers beyond classic search, such as dialogues with its AI assistant and dynamic partner referrals based on user input. The company’s financial reports also reference technology licensing and other revenue, though this is a smaller component compared with advertising and query revenue.

Opera reports on metrics such as average monthly active users (MAUs) and average revenue per user (ARPU) to describe the scale and monetization of its user base. The company has disclosed hundreds of millions of MAUs across its browser portfolio and emphasizes growth in high-ARPU user segments, including iOS users.

Geographic and platform reach

Opera describes itself as a global browser company, with hundreds of millions of users worldwide. It highlights growth in multiple regions and platforms. For example, Opera reports that daily active iOS users in Europe have increased significantly over a multi-year period, with particularly strong growth in certain European markets. The company attributes this to factors such as browser competition on mobile platforms and user openness to testing alternative browsers.

Opera’s products run across major operating systems, including mobile platforms such as iOS and Android, and desktop environments. The company notes that Opera One for iOS brings desktop-style tab organization and integrated AI to the mobile experience, and that Opera for iOS includes features such as free browser VPN and native browser AI.

Corporate structure and capital markets

Opera Limited is incorporated as a foreign issuer and files reports with the U.S. Securities and Exchange Commission on Form 20-F and Form 6-K. The company’s principal executive office is located in Oslo, Norway. Opera’s American depositary shares (ADSs), each representing one ordinary share, trade on Nasdaq under the symbol OPRA.

Opera’s board of directors and shareholders interact through annual general meetings, where proposals such as amendments to share incentive plans are presented. The company has adopted share-based compensation plans, including restricted share units and options, to provide long-term incentives to officers, employees, directors, and other eligible persons. Opera has also implemented a recurring semi-annual cash dividend program, under which it has declared cash dividends to holders of its ordinary shares and ADSs.

AI strategy and partnerships

Opera emphasizes a strategic focus on AI as a core part of its browser experience. The company describes the browser as an important frontend for AI because it has access to real-time context such as open tabs, page content, and browsing flows. Opera’s AI strategy includes integrating AI agents directly into authenticated browser sessions, enabling task completion and context-aware assistance within the browsing environment.

Opera reports an expanded partnership with Google that includes integrating Gemini models into its browser AI. Through this partnership, Opera states that it can offer users AI experiences via native search and AI features within its browsers. The company highlights that its advanced users of the agentic Opera Neon browser gain access to certain top-tier models, while Opera One and Opera GX users receive upgraded free browser AI.

MiniPay and digital payments

MiniPay, offered by an Opera company, is described as a non-custodial stablecoin wallet built on the Celo blockchain. Opera indicates that MiniPay is designed for accessibility and affordability, particularly in emerging markets. It allows users to send, receive, and save selected stablecoins with low transaction fees and without manual gas management, using a phone number-linked interface.

Opera reports that MiniPay has expanded to many countries and has reached millions of activated wallets, with users initiating hundreds of millions of peer-to-peer transactions. MiniPay has also introduced features that connect stablecoin balances to local real-time payment methods in certain regions, enabling users to make direct payments to local rails via partners and integrations.

Investor communications and governance

Opera communicates with investors through earnings releases, conference presentations, and SEC filings. The company provides quarterly financial results, including revenue, net income, adjusted net income, adjusted EBITDA, and cash flow metrics. Opera also offers guidance ranges for revenue and adjusted EBITDA, and explains non-IFRS financial measures such as adjusted net income, adjusted EBITDA, adjusted diluted earnings per share, and free cash flow from operations.

As a foreign private issuer, Opera files current reports on Form 6-K to furnish press releases and other information, such as notices of annual general meetings and financial results. These filings provide insight into the company’s financial performance, capital allocation, share-based compensation, and strategic initiatives.

Position within the software and information sector

Within the broader software publishers and information sector, Opera focuses on the intersection of browsers and AI. The company’s disclosures emphasize its specialization in the browser itself and its goal of creating AI experiences where agents operate directly within the browsing session. Opera’s product development centers on enhancing how users navigate and interact with the web, combining browsing, AI assistance, and, through MiniPay, elements of digital finance.

Opera’s combination of multiple browser products, integrated AI, a global user base, and a presence on Nasdaq positions it as a notable participant in the browser and AI software space. Its disclosures highlight ongoing product evolution, AI integration, and engagement with investors through recurring financial reporting and capital return programs.