Opera Limited (NASDAQ:OPRA) Q2 2024 Earnings Conference Call August 22, 2024 8:00 AM ET Company Participants Matt Wolfson - Head of IR Song Lin - Co-CEO Frode Jacobsen - CFO Conference Call Participants Naved Khan - B. Riley Eric Sheridan - Goldman Sachs Lance Vitanza - TD Cowen Mark Argento - Lake Street Alicia Yap - Citi Operator Good day and welcome to the Opera Limited Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker's presentation there will ...

Opera (NASDAQ:OPRA) just reported results for the second quarter of 2024. Opera reported earnings per share of 22 cents. This met the analyst estimate for EPS of 22 cents. The company reported revenue of $109.73 million. This was 1.10% better than the analyst estimate for revenue of $108.54 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, ...

100 t would III " III W H 011 WI illi lle istanbulimage Investment Thesis Opera Limited (NASDAQ:OPRA), which provides the contentious tier-3 browser, reported solid results that beat on the top line and the bottom line and raised its fullyear guidance. What's more, the stock looks incredibly cheap at 10x this year's EBITDA, with no debt, all the while paying out a 6.1% dividend yield. But is this stock a value trap? I don't believe so. As such, I remain bullish on OPRA as I've done for some time. Rapid Reca ...

Revenue grew 17% year-over-year to $109.7 million, and exceeded the guidance range Adjusted EBITDA of $26.6 million, a 24% margin, also exceeded the guidance range Product lineup further strengthened with Opera One launched on iOS along with rapid innovation across platforms Company increases both revenue and adjusted EBITDA guidance for the year, now at 17% year-over-year growth at a 24% adjusted EBITDA margin at the midpoints OSLO, Norway, Aug. 22, 2024 /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), one of ...

OSLO, Norway, Aug. 7, 2024 /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), one of the world's major browser developers and a leading internet consumer brand, announced today that the company's second quarter 2024 financial results will be released before the market opens on Thursday, August 22, 2024. The earnings release will be available on the investor relations section of our website at https://investor.opera.com. Management will host a conference call to discuss the second quarter 2024 financial results o ...

Opera Limited (NASDAQ:OPRA) doesn't have the most popular browser by any means, garnering a little over 2% of the web browser market share worldwide. In fact, they have fallen behind in total market share to Edge within a year of Microsoft (MSFT) making Edge their priority in 2020, whereas Opera used to be neck and neck in market share with Internet Explorer for many years. Edge has moved up to around 5% market share and there's Apple's (AAPL) Safari, which has hovered around 20% of the market for the last ...

istanbulimage Why Do I Think So? Unfortunately, this operating leverage failed to develop into a similar growth rate in terms of net income, which fell in Q1 FY2024 by 4% YoY due to lower interest income and OPRA's cash investment in a new AI data center, which "led to an unusual amount of capital expenditure", according to the earnings call commentary. Thus, Opera failed to meet the consensus estimate in terms of EPS, though it exceeds the top-line estimate slightly: But what's more important, in my view, ...

OSLO, Norway, July 1, 2024 /PRNewswire/ -- Opera GX, the browser for gamers, is bringing a significant update to the browser's built-in AI, Aria. This update provides users with the latest AI features that Opera [NASDAQ: OPRA] has been releasing as part of their experimental AI Feature Drops program in the Developer stream of the Opera One browser. The features that are arriving to Opera GX increase Aria's capabilities by introducing image generation and understanding, voice output, a chat summary option, a ...

We previously covered Opera Limited (NASDAQ:OPRA) in March 2024, discussing why we had maintained our Buy rating, as the management increasingly monetized its gaming platform, advertising, and search engine capabilities. Combined with the management's use of robust cash flow for shareholder returns, we believed that it continued to offer both value and growth opportunities at current levels. Since then, OPRA has retraced by -9.4% well underperforming the wider market at +6%, or rallied by +28.2% from our pr ...

The aggregate amount of the dividend is approximately $35.4 million, based on a total of 88.5 million ADS equivalents outstanding. Opera's cash expense will be approximately $27.6 million. The remaining $7.8 million will be offset against Opera's remaining receivable from our majority shareholder, Kunlun Tech Limited ("Kunlun") in connection with the 2022 sale of Opera's stake in Star Group Interactive Inc. This press release contains statements of a forward-looking nature. These statements, including state ...