160M CELO Allocation Proposal To Grow Opera From Distribution Partner into Key Network Stakeholder Accessibility StatementSkip Navigation OSLO, Norway, March 19, 2026 /PRNewswire/ -- Opera(NASDAQ: OPRA), a leading global browser and AI agent company, and Celo Core Co., stewards of Celo, the Ethereum Layer 2 built for the real world with the leading programmable rails for global finance, today announced the commercial framework for their continued partnership, subject to Celo community governance approval. T ...

Core Viewpoint - Opera, Ltd. experienced a significant stock rally of 20.2% following its fourth-quarter earnings report, which showed strong revenue growth despite a miss on adjusted earnings per share estimates [1]. Financial Performance - In the fourth quarter, Opera reported a revenue increase of 22% to $177.2 million, while adjusted earnings per share (EPS) grew by 9% to $0.30 [2]. - Management indicated that increased personnel expenses were a temporary factor affecting net margins during the quarter [2]. Future Guidance - For the upcoming year, management forecasts revenue growth between 17% and 20%, with stable adjusted EBITDA margins [3]. Share Repurchase Program - Opera announced a $300 million share repurchase program, representing 22% of its market capitalization, alongside having $155 million in cash and no debt [4]. Revenue Generation Strategy - The company generates revenue through in-browser advertising and "query" revenue from user searches or queries in its browser [5]. User Demographics and ARPU - Opera's strategy to target higher-paying "Western" users has resulted in a 26% year-over-year increase in average revenue per user (ARPU) to $2.49, despite a 3.8% decline in overall users to 284.3 million [6]. - The number of Western users increased by 2 million, totaling 60 million [6]. Valuation - Opera is currently trading at a low valuation of less than 10 times this year's adjusted earnings estimates, making it an attractive option for value investors in the digital advertising and AI-adjacent sectors [7].

Core Viewpoint - Opera Limited (NASDAQ: OPRA) is identified as one of the 10 undervalued growth stocks for the next five years, with a Buy rating and a price target of $24, indicating an 82.4% upside potential from current levels [1]. Group 1: Financial Performance - Opera Limited raised its fourth-quarter revenue outlook, now expecting revenue to exceed $170 million, up from previous guidance of $162 million to $165 million, and surpassing the consensus estimate of $164.55 million [2]. - The company also increased its full-year revenue expectations, projecting total revenue for 2025 to exceed $608 million, reflecting over 26% growth compared to the previous year [2]. Group 2: User Growth and Market Position - CEO Lin Song emphasized that the Opera browser is designed for demanding users, which is beneficial as more users seek optimal browsers for web content and AI tools [3]. - The high-ARPU Western user base of Opera increased by approximately 2 million users sequentially from Q3 to Q4, providing a strong boost for monetization efforts [3]. Group 3: Product Offerings - Opera Limited provides web browsers and related products for PCs and mobile devices, including Opera Mini, Opera GX for PCs & Mobile, and Opera browser for Android & iOS [4].

Core Insights - Opera Limited expects fourth quarter 2025 results to exceed previous guidance for both revenue and adjusted EBITDA [1] - The company anticipates fourth-quarter revenue to surpass $170 million, up from prior guidance of $162 – 165 million, leading to a full-year revenue projection of over $608 million, representing a growth of over 26% or approximately $130 million compared to 2024 [2] - Adjusted EBITDA is expected to exceed the high end of the previous guidance range of $37.5 – 40.5 million, with full-year adjusted EBITDA projected to exceed $141 million [2] Company Performance - The Opera browser is tailored for demanding users, with a high-ARPU Western user base increasing by approximately 2 million users sequentially from Q3 to Q4, providing a strong boost for monetization [3] - The company has raised growth expectations each quarter in 2025 and is pleased to exceed expected financial results, entering Q4 at an unprecedented scale [4] - Opera is benefiting from expanding e-commerce opportunities and its ability to serve user queries through search and partner promotions [4] Future Outlook - The company is optimistic about driving growth through both commercial and product opportunities as it enters 2026 [4] - Fourth quarter 2025 financial results will be announced before the market opens on February 26, 2026, with a conference call scheduled for the same day at 8:00 a.m. ET [5]