Opera's First-Quarter Earnings Shine with Revenue and User Growth

Published 2 hours agoOPRA

Opera's First-Quarter Earnings Shine with Revenue and User Growth

Opera Limited has reported impressive financial results for the first quarter, with significant gains across key metrics leading to a boost in stock performance. The company posted $101.9 million in revenue, marking a strong 17% increase compared to the same period last year, as reported by stocktitan.net. Additionally, the company's adjusted EBITDA reached $24.9 million, maintaining a healthy 24% margin.

Fueling these results, Opera has expanded its user base to 304 million monthly active users. The Opera News app has played a significant role in this growth, now boasting over 150 million monthly active users, according to investingnews.com. The company's advertising revenue surged by 21% year-over-year, representing more than half of the total revenue, while search revenue grew by 14%.

Opera continues to push forward with strategic initiatives, including the development of generative AI capabilities in its Opera One browser, allowing users to run large language models locally. The company also increased its footprint in regions such as Africa, India, and Indonesia, notably reaching over 30 million monthly active users for the Opera News app in these areas—a staggering 62% jump from the previous quarter. Looking ahead, Opera has raised its full-year revenue guidance, projecting a 16% growth year-over-year while maintaining a 24% adjusted EBITDA margin.

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