Opera Limited

Opera Limited Earnings Recaps

OPRA Information Technology 3 recaps
Q1 2026 Apr 29, 2026

Opera's Q1 2026 results came in slightly ahead of recent internal targets, with the stock closing up 2.6% after the print—suggesting market reaction was neutral to modestly positive. Revenue and adjusted EBITDA both topped the high end of management’s guidance, driven by balanced growth across advertising and query revenues.

Key takeaways
  • Q1 revenue grew 23% year-over-year to $176 million, surpassing management's previous outlook by $4 million.
  • Adjusted EBITDA reached $42 million (24% margin), exceeding guidance by $2 million.
  • Both advertising (+24% y/y) and query revenue (+23% y/y) contributed to top-line expansion, with each category showing comparable growth.
  • Recent product launches—especially the Browser Connector for AI integration—are driving extended user engagement and increases in ARPU in key Western markets.
  • Management outlined ongoing momentum in e-commerce ad partnerships and sees emerging opportunities in travel sector monetization for the coming quarters.
Full recap
Q3 2025 Oct 30, 2025

Opera Limited reported robust third-quarter results, achieving a record revenue of $152 million and a 23% year-over-year growth, driven by strong demand for its innovative AI-integrated browsers.

Key takeaways
  • Revenue growth of 23% year-over-year surpassed guidance of 18% to 21%, setting a new quarterly revenue record.
  • Adjusted EBITDA reached $36.3 million, marking an EBITDA margin of 24% and maintaining the company's status as a Rule of 40 company for the 18th consecutive quarter.
  • Annualized ARPU increased 28% year-over-year, exceeding $2 for the first time, reflecting enhanced monetization strategies.
  • Updated revenue guidance now targets over $600 million for 2025, representing 25% growth, illustrating strong momentum and market expansion.
  • The launch of the Opera Neon browser emphasizes the company's commitment to AI integration in web browsing, catering to a growing base of discerning users.
Full recap
Q2 2025 Aug 19, 2025

Opera Limited reported a robust 30% year-over-year revenue growth in Q2 2025, significantly surpassing guidance and demonstrating strong organic growth across key sectors, particularly in advertising and e-commerce.

Key takeaways
  • Advertising revenue soared by 44% to $93 million, driven largely by a more than 100% growth in e-commerce.
  • Adjusted EBITDA reached $32 million, exceeding prior guidance and confirming healthy profit margins.
  • Opera plans to launch AI browser 'Opera Neon' in the fall, aimed at integrating AI functionalities and enhancing productivity for nearly 300 million users.
  • The Opera GX gaming browser saw MAUs increase by 11% to 33 million, with ongoing product enhancements to attract the gaming community.
  • Annual ARPU improved by 5% to $1.97, reflecting targeted marketing strategies towards high-value segments.
Full recap