OSLO, Norway, Dec. 12, 2024 /PRNewswire/ -- Opera Limited (NASDAQ: OPRA) ("Opera"), one of the world's major browser developers and a leading internet consumer brand, today announced that its Board of Directors has declared its next semi-annual cash dividend.Opera's upcoming dividend under its recurring dividend program will be $0.40 per share or American Depositary Share ("ADS"), each ADS representing one ordinary share. Payment will be made to shareholders of record as of the close of business on January ...

OSLO, Norway, Dec. 5, 2024 /PRNewswire/ -- Opera Ads, the advertising platform from the global browser innovator Opera (NASDAQ: OPRA), is proud to announce its achievement of TAG Platinum status from TAG (The Trustworthy Accountability Group), a leading global initiative combating criminal activity and fostering trust in digital advertising. This prestigious designation – held by only 34 organizations worldwide – recognizes Opera Ads' compliance with TAG's highest standards across fraud prevention, malware ...

Opera Limited’s (OPRA) shares have gained 19.6% in the past month, outperforming the Zacks Computer & Technology sector’s modest growth of 0.6% and the Zacks Internet - Content decline of 1.8%.OPRA’s robust stock price performance has been driven by its impressive third-quarter 2024 results. Third-quarter revenues grew 20% year over year to $123.2 million, driven by continued momentum in user adoption and broader monetization efforts, particularly in advertising and search revenues.Advertising revenues grew ...

Core Insights - Opera has partnered with Spotify to integrate Spotify as the default streaming service in the upgraded Music Player of Opera's flagship browser, Opera One, enhancing user experience for music, podcasts, and audiobooks while browsing [1][5][6] - Users in selected countries will have the opportunity to try Spotify Premium for free for a limited time, which includes ad-free music, offline listening, and higher quality audio [1][5][7] Company Developments - The new Music Player feature allows users to control their music without interrupting their browsing flow, as it can be detached and moved around the screen [4][6] - Opera One R2, released recently, is described as the most powerful and visually appealing browser to date, featuring personalization options and improved tab management [6] User Engagement - A survey by Opera revealed that 66% of respondents stream music on their phones while at their desktops, indicating a strong demand for integrated music solutions [3] - The integration of Spotify aims to address user needs for seamless music control while multitasking, with 66% of survey participants expressing that it would reduce distractions [3][4] Market Reach - The promotion for free Spotify Premium is available in various countries, including the United States, United Kingdom, Germany, and others, with plans to expand to Opera for Android in early 2025 [5][7] - Spotify boasts over 640 million users globally, with 252 million subscribers, highlighting its significant market presence [10]

Core Viewpoint - Opera has demonstrated strong financial performance in Q3, with significant growth prospects for the upcoming years, leading to a 47% increase in stock value [1][2]. Financial Performance - Q3 revenue increased by 20% year over year to $123 million, surpassing the consensus estimate of $120 million [2]. - Earnings per share surged by 34% to $0.26, exceeding the consensus estimate of $0.20 [2]. - Adjusted EBITDA margin improved to 25%, up from 24% in Q2, exceeding the previous guidance of 23% [3]. Revenue Sources - 62% of revenue in Q3 came from the advertising business, which grew by 26% year over year [5]. - The annualized average revenue per user (ARPU) rose by 27% to $1.66, attributed to an increase in high-value customers [4]. - The search business experienced a 13% year-over-year revenue increase due to revenue-sharing agreements [7]. Future Guidance - Opera has raised its 2024 revenue guidance to a range of $470 million to $473 million, reflecting a 19% increase at the midpoint [8]. - The adjusted EBITDA margin for 2024 is now expected to be 24%, up from the earlier estimate of 23% [8]. Market Position and Valuation - Despite the recent stock surge, Opera's price-to-sales ratio stands at 3.7, lower than the U.S. tech sector average of 8, indicating attractive valuation [11]. - Analysts project an annual earnings growth rate of 84% for the next five years, suggesting strong future performance [11].

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highestquality analysis of this type of information. Based on a combination of strong fundamentals, great expansion prospects, and a favorable valuation, I believe Opera Limited (NASDAQ: OPRA ) could be one of the few AI-related ideas on the market that still has significant He leads the investing grou ...

Opera posted strong results in the third quarter, showing signs of improvement in the struggling digitaladvertising market. Shares of Opera (OPRA 10.08%) soared as much as 16.7% higher on Tuesday, goosed by a fantastic earnings report. The Norwegian maker of security-oriented web browsers and other online safety tools beat analyst expectations across the board and offered a bullish-guidance update for the full year. Opera's stock cooled down to a gain of 10.1% at the market close, but that's still a firm 52 ...

Financial Data and Key Metrics Changes - Revenue for Q3 2024 was $123 million, growing 20% year-over-year, an acceleration from the 17% growth rate in the first half of the year [5] - Annualized ARPU increased by 27% year-over-year to a record $1.66, with adjusted EBITDA at $31 million, representing a margin of 25% [6] - Advertising revenue reached $77 million, growing 26% year-over-year, marking the highest growth rate since 2022 [7] Business Line Data and Key Metrics Changes - E-commerce and travel categories were significant contributors to revenue growth, with e-commerce benefiting from PC browser monetization and Opera Ads platform expansion [8] - Search revenue was $46 million, up 13% year-over-year, with a return to 15% annual growth in September [9] - Opera GX, the gaming browser, saw a 22% increase in MAUs to 31.9 million, with ARPU rising to $3.68, a 12% increase year-over-year [19] Market Data and Key Metrics Changes - The user base in Western markets showed stable growth, with ARPU growth in these markets significantly outpacing overall ARPU growth [11] - The inflow of new iOS users increased by 33% year-over-year, with a notable 66% increase in the EU from August to September [14][15] - The company observed strong momentum in retail and travel sectors, contributing to enhanced revenues [12][13] Company Strategy and Development Direction - The company is focusing on high-ARPU users and expanding monetization opportunities, with confidence in continued growth into Q4 [5][34] - Upcoming product launches, including Opera One R2 and the next generation of Opera GX, are expected to drive marketing activities and user engagement [35][22] - The strategy includes leveraging AI features in the browser to enhance user experience and engagement [16][55] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operating environment, highlighting strong underlying growth and the potential for increased monetization during the holiday season [34][40] - The company anticipates a revenue guidance for Q4 of $135 million to $138 million, representing a 21% year-over-year growth at the midpoint [36] - Management emphasized the importance of maintaining a balance between growth opportunities and cautious guidance in a competitive environment [26] Other Important Information - The company introduced a new non-IFRS metric, adjusted net income, to provide a clearer view of underlying profitability [32] - Operating cash flow reached an all-time high of $34.9 million, representing 113% of adjusted EBITDA [30] - The company plans to reassess the valuation of its OPay stake at year-end, maintaining the current valuation of approximately $250 million [49] Q&A Session Summary Question: E-commerce advertisement revenue growth - Management indicated that e-commerce is growing faster than the overall advertising growth rate and is becoming a material part of the advertising mix [43] Question: Q4 EBITDA and marketing spend - The increase in Q4 marketing spend is a strategic decision to capitalize on new product launches and ensure higher EBITDA for the year [44] Question: OPay stake valuation and monetization - The valuation of the OPay stake remains unchanged, with plans for potential divestment either before or after a future IPO [50] Question: AI opportunity and product roadmap - Management sees AI as a long-term differentiator and is focused on enhancing user engagement through AI features in the browser [55] Question: iOS opportunity in Europe - The company is pleased with the growth in iOS users, particularly in Europe, and sees significant potential for further growth [66]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps identify effective metrics for assessing momentum in stocks [1] Group 2: Opera Limited (OPRA) Performance - Opera Limited Sponsored ADR (OPRA) currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy) [2] - OPRA shares have increased by 6.48% over the past week, while the Zacks Internet - Content industry has decreased by 0.48% during the same period [3] - Over the last quarter, OPRA shares have risen by 32.6%, and over the past year, they have gained 45.61%, compared to the S&P 500's increases of 6.14% and 37.61%, respectively [3] Group 3: Trading Volume and Earnings Outlook - OPRA's average 20-day trading volume is 358,841 shares, which is a useful indicator for assessing price movements [4] - In the past two months, one earnings estimate for OPRA has increased, raising the consensus estimate from $0.78 to $0.88 [5] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions [5]

OSLO, Norway, Oct. 16, 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 third quarter 2024 financial results will be released before the market opens on Tuesday, October 29, 2024. The earnings release will be available on the investor relations section of our website at investor.opera.com. Management will host a conference call to discuss the third quarter 2024 financial results on the sam ...