OSLO, Norway, Sept. 9, 2024 /PRNewswire/ -- Opera GX, the browser for gamers, has become Riot Games' Preferred Browser Partner of League of Legends Esports Global Events just in time for the 2024 League of Legends World Championship (Worlds 2024). Opera GX will enhance the viewing experience with special access to a Co-Streamer Hub, Worlds Unlocked digital drops exclusive to Opera GX users, and custom browser mods designed to resonate with LoL players and fans. This multi-year partnership will evolve over t ...

OSLO, Norway, Aug. 30, 2024 /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), one of the world's major browser developers and a leading internet consumer brand, announced today the appearance of company executives at upcoming investor conferences. Event Details: Citi's 2024 Global TMT Conference on September 6, 2024. Per Wetterdal, EVP Commercial, will present at a fireside chat at 1:20 p.m. ET. Goldman Sachs Communacopia + Technology Conference on September 9, 2024. Frode Jacobsen, Chief Financial Officer, wil ...

An attractive valuation, solid results, and improved guidance are the reasons why buying this tech stock looks like a no-brainer. Opera (OPRA -6.12%) may not be a household name among technology investors. The company is a bit-part player in the global web browser, search engine, and advertising markets, which are dominated by the big players. But the stock's recent action on the market following its latest quarterly report should warrant attention from investors looking to add a growth stock to their portf ...

Umnat Seebuaphan Introduction Opera Limited (NASDAQ:OPRA) and its subsidiaries provide mobile and PC browsers internationally. The company has three main browsers: Opera Mini, Opera One, and Opera GX. Through these browsers, Opera generates revenue via search and advertising. Analyst History for OPRA (Seeking Alpha) The stock price has been somewhat volatile over the past year, ranging from lows of $10 to highs of $17. Since I wrote my last article, the stock has done quite well, rising 12%. Opera still has ...

Opera Limited Sponsored ADR (OPRA) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earning ...

Opera Limited Sponsored ADR (OPRA) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

The web browser developer's stock soared this week, and is now up 22% year to date. On the heels of big post-earnings gains Thursday, Opera (OPRA 11.51%) soared again Friday. The web browser developer's share price ended the session up 11.5%, according to data from S&P Global Market Intelligence. Thanks to comments from Federal Reserve Chairman Jerome Powell suggesting that interest rate cuts are on the way, Friday was a good day for the broader market. The S&P 500 index gained 1.1% while the Nasdaq Composi ...

An earnings beat and optimism over a more equal playing field for browsers spurred a rally. Shares of web browser company Opera (OPRA 9.51%) were rallying this week, up 23.3% through 11:25 a.m. ET Friday, according to data from S&P Global Market Intelligence. Opera delivered great news for shareholders this week, reporting strong second-quarter earnings that came in ahead of analyst expectations. In addition, commentary on the positive potential impact from recent regulations in Europe and the U.S. may have ...

Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $110 million, representing a 17% year-over-year growth [4] - Adjusted EBITDA was $27 million, translating to a margin of 24%, exceeding guidance of $22 million to $25 million [4][18] - Average Revenue Per User (ARPU) grew by 25% year-over-year, now at an annualized $1.46 across products and geographies [4] Business Line Data and Key Metrics Changes - Advertising revenue reached $65 million, growing 20% year-over-year, driven by high-ARPU user growth and expanding monetization opportunities [4][5] - Search revenue was $45 million, up 15% year-over-year, indicating strong retention of engaged users [5] - Opera GX, the gaming browser, added 500,000 users in the quarter, achieving 30 million Monthly Active Users (MAUs) with a year-over-year growth of 27% [13] Market Data and Key Metrics Changes - Significant user adoption growth in the EU, particularly for Opera on Android and iOS, attributed to the Digital Markets Act (DMA) [7] - The company noted a flat sequential user base in Western markets, indicating potential seasonality or marketing spend adjustments [31] Company Strategy and Development Direction - The company is focusing on e-commerce opportunities as a key growth driver, with a strong emphasis on high-value user acquisition [18][22] - Continued investment in AI capabilities is expected to enhance user experience and monetization potential [14][15] - The launch of Opera One and Opera GX is aimed at increasing market share and user engagement, particularly in the gaming sector [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth trajectory for the second half of 2024, raising full-year revenue guidance to $461 million to $467 million [22] - The company is cautiously optimistic about the holiday season, anticipating increased e-commerce activity [22] - Management highlighted the importance of regulatory changes, such as the DMA, in creating opportunities for independent players like Opera [28][29] Other Important Information - The company announced a semi-annual dividend of $0.40 per ADS, totaling $35.4 million [21] - Operating cash flow was $17.4 million, representing 65% of adjusted EBITDA, with free cash flow from operations at $13.5 million [20] Q&A Session Summary Question: Thoughts on the DMA and its implementation - Management believes the DMA has been beneficial for independent players and is working closely with the EU to ensure broader application of gatekeeper definitions [26][28] Question: Drivers of e-commerce trends - The company has built a sizable user base in high-value markets, allowing for new partnerships that drive meaningful traffic with high purchase intent [30] Question: User base trends in Western markets - Management noted a flat trend in Western markets due to a focus on high-value users and increased marketing costs [31] Question: Impact of regulatory shifts on product prioritization - Management sees regulatory shifts as beneficial, allowing for more investment in platforms like iOS and Windows [33][34] Question: Feedback on the Aria assistant and AI adoption - The application of AI is becoming more integrated into daily user experiences, positively impacting monetization [37][38] Question: Cost structure impact from AI initiatives - The company has been disciplined in managing operational costs related to AI, focusing on cost-effective solutions [41][44] Question: Returns from the AI cluster investment in Iceland - The AI cluster has been operational since Q2 and is being used for fine-tuning tasks, with positive revenue generation expected [46][47] Question: Expected impact of Google antitrust ruling on search revenue - Management believes that the focus should be on broader monetization opportunities beyond search, with a positive outlook for e-commerce revenue [48][49] Question: Growth potential of Opera GX - The user base of Opera GX is evenly split between Western and non-Western markets, with significant monetization potential in both [52] Question: Future opportunities in Latin America - Latin America is identified as a fast-growing market, with high hopes for user and advertising monetization growth [59]