Opera(OPRA) - 2025 Q1 - Earnings Call Presentation

Financial Performance & Growth - Opera achieved 16 quarters of Rule of 40+ performance, calculated as revenue growth plus Adjusted EBITDA margin[14] - The company's 2025 revenue guidance is $575 million[18] - The 2025 Adjusted EBITDA guidance is $138 million[18] - The company's Q2 2025 revenue guidance is $136 million[104] User Base & Engagement - Opera has approximately 293 million average MAUs in Q1 2025[14] - Western markets experienced a 39% user growth over the last 4 years[14] - ARPU has grown 3.6x over the last 4 years[17] Revenue Model - Advertising accounts for 67% of Q1 2025 revenue[81] - Search contributes 33% of Q1 2025 revenue[82] User Acquisition - 79% of new users come from organic traffic[80] Gamer Focus - Opera GX has 34 million users[46] - Opera GX users represent 8% penetration of the estimated total addressable market (TAM) of 400 million+ gamers[60]