Opera Q3 revenue grows 20% in results preview

Revenue landed at the upper end of Opera’s prior range, while adjusted EBITDA exceeded its high end; full results are scheduled for November 17, 2026.

Available on EDGAR 11/03/2026 - 08:10 AM EST Accepted by SEC EDGAR 11/03/2026 - 08:10 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Opera Limited (OPRA) said its desktop user base reached 100 million monthly active users (MAUs) in October, up from 94 million in the second quarter of 2026 and 16% from October 2025. In its third-quarter 2026 results preview, revenue was $182.8 million, up 20% year over year and at the top end of its previously issued $181–183 million guidance range. Adjusted EBITDA, a non-IFRS measure, was $43.2 million, a 24% margin and above its prior $41–43 million range.

Query revenue grew 17% and advertising revenue grew 22% year over year. Opera will release full third-quarter results before the market opens on November 17, 2026, and hold a conference call at 8:00 a.m. Eastern Time that day.

1 point · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 0 points

How the balance works

Positive

• Moderate pointRevenue grew 20% year over year to $182.8 million.

Negative

• None.

Filing Explained

The Q3 preview reports $27.6 million in IFRS net income and $43.2 million in adjusted EBITDA, reconciling the latter through items including $6.9 million of share-based compensation and $5.5 million of tax expense.

Key Figures

Desktop monthly active users: 100 million users Desktop user base growth: 16% Revenue: $182.8 million +5 more

8 metrics

Desktop monthly active users 100 million users October milestone

Desktop user base growth 16% Compared with October 2025

Revenue $182.8 million Third quarter 2026

Revenue growth 20% Year over year in the third quarter of 2026

Previously issued revenue guidance $181–183 million Third quarter 2026 range

Adjusted EBITDA $43.2 million Third quarter 2026; non-IFRS measure

Adjusted EBITDA margin 24% Third quarter 2026

Previously issued adjusted EBITDA guidance $41–43 million Third quarter 2026 range

Key Terms

MAUs, Adjusted EBITDA, non-IFRS measures, IFRS Accounting Standards, +1 more

5 terms

MAUs technical

"100 million MAUs in October"

Monthly active users (often abbreviated MAUs) counts the number of distinct people who use a digital product or service at least once during a 30-day period. Investors use it like a foot-traffic counter for an online business: rising MAUs suggest growing reach and potential sales, while falling MAUs can signal weakening engagement and future revenue risk. It helps gauge how well a company attracts and retains real, repeat customers over time.

Adjusted EBITDA financial

"Adjusted EBITDA was $43.2 million"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-IFRS measures financial

"we also use certain non-IFRS measures"

Non-IFRS measures are financial figures that companies create on their own to show aspects of their performance, beyond what standard accounting rules require. They can help investors better understand how a company is really doing by highlighting information that might be more relevant or easier to interpret, much like a sports coach emphasizes certain stats to showcase team strengths not captured by official scores.

IFRS Accounting Standards financial

"in accordance with IFRS Accounting Standards"

International Financial Reporting Standards (IFRS) are a set of common rules for preparing company financial reports so numbers like profit, assets and debt are presented consistently across countries. Think of them as a standardized recipe or blueprint that helps investors compare businesses the same way they would compare cars using the same list of features; consistent reporting reduces surprises and makes it easier to assess value, risk and performance.

equity-accounted investees financial

"share of net loss of equity-accounted investees"

Equity-accounted investees are companies in which an investor holds a significant minority stake and can influence—but does not control—management decisions, so the investor records its share of the investee’s profits or losses on its own financial statements and adjusts the investment’s carrying value accordingly. Like being a meaningful partner in a neighborhood business where you help shape decisions but don’t run day-to-day operations, this accounting treatment affects reported earnings, balance-sheet totals and how investors assess value and risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were OPRA’s Q3 2026 revenue and adjusted EBITDA?

Opera’s third-quarter results preview reported $182.8 million in revenue and $43.2 million in adjusted EBITDA. Revenue was up 20% year over year and at the top end of the previously issued $181–183 million range; adjusted EBITDA was above its prior $41–43 million range.

How many desktop users did OPRA have in October?

Opera said its desktop user base reached 100 million MAUs in October. That was up from 94 million in the second quarter of 2026 and represented 16% growth compared with October 2025.

When will OPRA release its full Q3 2026 results?

Opera will release its full third-quarter 2026 results before the market opens on November 17, 2026. A conference call to discuss the results is scheduled for 8:00 a.m. Eastern Time that day.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2026

Commission File Number: 001-38588

OPERA LIMITED

Vitaminveien 4,

0485 Oslo, Norway

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press release dated November 3, 2026, titled “Opera Announces Strong User Trajectory and Q3 Results at the Top End of Guidance”

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Opera Limited
Date: November 3, 2026	By:	/s/ Lin Song
	Name:	Lin Song
	Title:	Chief Executive Officer

Exhibit 99.1

Opera Announces Strong User Trajectory and Q3 Results at the Top End of Guidance

OSLO, Norway, November 3, 2026 — Opera Limited (NASDAQ: OPRA), a leading global browser and AI agent company, today announced a historic user base milestone and a preview of its Q3 2026 financial results.

Opera’s desktop user base reached the milestone of 100 million MAUs in October. This marks a new all-time high, up from 94 million MAUs in the second quarter of 2026 and representing 16% growth compared to October of 2025. The growth of Opera’s highest-ARPU platform follows a series of innovative product releases in line with Opera's strategy to be the premier browser for users seeking a compelling alternative to the pre-installed default browsers.

“As a leading browser company, we are in an increasingly strategic position as new AI tools and workstreams are adopted by users,” said Song Lin, CEO. “We are focused on making AI widely accessible through local browser capabilities and native integrations with users' preferred tools, and we have an exciting roadmap ahead. We look forward to sharing more details on our upcoming earnings call.”

In combination with healthy user engagement dynamics, Opera generated strong financial results for the third quarter. Revenue was $182.8 million, representing 20% growth year-over-year and landing at the top of its previously issued $181–183 million guidance range. Adjusted EBITDA was $43.2 million, representing a 24% margin and exceeding the high end of its previously issued $41–43 million guidance range. These results reflect Opera’s ability to sustain durable growth in a digital advertising industry that continues to evolve.

“Our strong third quarter results were fueled by both query and advertising revenue, growing 17% and 22% year-over-year respectively,” said Frode Jacobsen, CFO. “Given our later-than-usual reporting date we wanted to share these Q3 highlights now. Our reporting timeline allows us to carefully assess trends and ensure that we approach our final Q4 guidance with our typical prudence as we close out a highly successful year.”

Opera will release full third quarter 2026 financial results before the market opens on Tuesday, November 17, 2026. A conference call to discuss the results will be held the same day at 8:00 a.m. Eastern Time.

Non IFRS Financial Measures

We report our financial results in accordance with IFRS Accounting Standards; however, we also use certain non-IFRS measures, such as adjusted EBITDA, to evaluate performance. We believe adjusted EBITDA provides meaningful supplemental information regarding our financial performance by excluding certain items that may not be indicative of recurring core business operating results. For the third quarter of 2026, Adjusted EBITDA was $43.2 million, reconciled from IFRS net income of $27.6 million by adding income tax expense of $5.5 million, depreciation and amortization of $5.7 million, share-based compensation expense of $6.9 million, share of net loss of equity-accounted investees of $0.5 million, and net finance expense of $0.4 million, and deducting an impairment reversal on non-financial assets of $3.3 million and other operating income of $0.1 million.

Forward-Looking Statements

This release contains forward-looking statements, including about future financial and operating results, based on management’s current expectations and assumptions. Actual results may differ materially due to risks and uncertainties, including those described in Opera’s SEC filings and annual reports on Form 20-F. These statements speak only as of today, and Opera undertakes no obligation to update them except as required by law.

About Opera

Opera is a user-centric and innovative software company focused on enabling the best possible internet browsing experience across devices. Hundreds of millions worldwide use Opera’s mobile and desktop browsers for their speed, security, and unique features, enhanced with integrated AI that enables users to navigate and interact with the web in new transformative ways. Founded in 1995 and headquartered in Oslo, Norway, Opera is listed on the Nasdaq stock exchange under the ticker symbol "OPRA". Download Opera products from opera.com and learn more about Opera at investor.opera.com.

1

Contacts

Investor relations:

Jake Graves

investor-relations@opera.com

Media:

press-team@opera.com

2

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 15.8 KB