Welcome to our dedicated page for OPERA news (Ticker: OPERA), a resource for investors and traders seeking the latest updates and insights on OPERA stock.
Opera Limited (NASDAQ: OPRA) is a leading browser developer and internet consumer brand, focused on enhancing the web browsing experience for users on all devices. Established in 1995, Opera has a strong track record of innovation, including the recent launch of Opera One, a browser featuring native AI capabilities like Aria. With a commitment to user-centric design and cutting-edge technology, Opera continues to set new standards in the browser industry.
Opera (NASDAQ: OPRA) reported strong Q3 2024 results, with revenue growing 20% year-over-year to $123.2 million, exceeding guidance. Adjusted EBITDA reached $30.8 million with a 25% margin. Advertising revenue grew 26% to $76.8 million, while search revenue increased 13% to $46.3 million. The company reported 296 million monthly active users, with gaming browser Opera GX reaching 31.9 million users. Based on strong performance, Opera raised its full-year 2024 guidance, now expecting 19% year-over-year growth with revenue between $470-473 million and adjusted EBITDA of $112-114 million.
Opera has released Opera One R2, its latest AI-powered browser version featuring enhanced AI capabilities and dynamic themes. The update introduces key features including Split Screen for simultaneous tab viewing, Tab Traces for tracking recent tabs, and detachable music & video controls. The browser incorporates advanced AI features like Image Generation, Image Understanding, and an improved Command Line interface with Aria AI assistant. Notable additions include Scandinavian-inspired dynamic themes with customizable animations, sounds, and a new glass UI design. Opera One R2 maintains its native ad blocker support and continues to support Manifest V2 extensions.
Opera GX, the browser for gamers, has partnered with Riot Games as the Preferred Browser Partner for League of Legends Esports Global Events, starting with Worlds 2024. This multi-year partnership aims to enhance the viewing experience through:
- A Co-Streamer Hub centralizing streaming options
- Exclusive Worlds Unlocked digital drops for Opera GX users
- Custom browser mods themed around LoL characters
- A dedicated 'Riot Corner' with an interactive match directory and calendar
The partnership launches on September 25th, coinciding with Worlds 2024 play-in rounds. Users can download Opera GX to access these features and claim exclusive items at lolesports.com.
Opera (NASDAQ: OPRA), a major browser developer and internet consumer brand, has announced its participation in two upcoming investor conferences:
- Citi's 2024 Global TMT Conference on September 6, 2024, featuring Per Wetterdal, EVP Commercial, in a fireside chat at 1:20 p.m. ET.
- Goldman Sachs Communacopia + Technology Conference on September 9, 2024, with Frode Jacobsen, CFO, presenting at 3:45 p.m. PT.
Live audio webcasts and replays will be available on Opera's investor relations website. Founded in 1995 and headquartered in Oslo, Norway, Opera is publicly listed on Nasdaq under the ticker OPRA. The company focuses on providing innovative web browsing experiences across all devices.
Opera (NASDAQ: OPRA), a major browser developer and internet consumer brand, has announced that it will release its second quarter 2024 financial results on Thursday, August 22, 2024, before the market opens. The earnings release will be available on the company's investor relations website.
Management will host a conference call to discuss the results on the same day at 8:00 a.m. ET. Investors can access the call through various international phone numbers or via a live webcast on the company's investor relations website. This announcement provides an opportunity for investors and analysts to gain insights into Opera's financial performance and future outlook.
Opera GX, the gaming browser, has launched a major update to its AI assistant, Aria. This upgrade introduces new features such as image generation using Google's Imagen2, enabling users to create up to 30 unique images daily from text prompts. Additionally, Aria now offers voice output through Google's WaveNet, providing audio responses beneficial for multitasking or accessibility needs.
Aria's capabilities have further expanded to include image understanding, allowing users to upload images and receive detailed contextual information. The chat experience has been enhanced with 'Chat Summary,' summarizing entire conversations, and 'Links to Sources,' giving users contextual links regarding their inquiries.
The update also reworks the Aria Command Line, making it easier to activate via 'ctrl + /' or 'cmd + /' for a smoother user experience. These enhancements aim to provide the gaming community with a more robust and accessible AI assistant, available now for all Opera GX users.
Opera (NASDAQ: OPRA) declared a semi-annual cash dividend of $0.40 per American Depositary Share (ADS).
The dividend will be paid to shareholders on record as of July 2, 2024, with distributions expected around July 15, 2024. The total dividend amount is approximately $35.4 million, with $27.6 million as cash expense and $7.8 million offset against receivables from Kunlun Tech
This dividend is part of Opera's recurring dividend program.
Opera has launched an Arm-optimized version of its web browser, developed in collaboration with Microsoft's App Assure team and Qualcomm Technologies. This new version, tailored for Windows systems with Arm architecture, promises more than double the speed. It aligns with the upcoming release of products powered by the Snapdragon X Elite platform from Qualcomm Technologies, ensuring users experience a next-generation web browsing experience. Krystian Kolondra, EVP at Opera, emphasized the priority of providing the best experience on cutting-edge Windows devices. This version, available on the developer stream, aims to enhance AI capabilities, improve battery life, and offer a more responsive browsing experience.
Opera , a major browser developer, corrected a minor XBRL conversion error in an amendment to its annual report for the fiscal year ended December 31, 2023. The error was in note 11 of the financial statements and only affected certain amounts presented with four or five digits after the thousand separators. The amendment does not impact any other parts of the original filing.
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