Opera Limited American Depositary Shares - OPRA STOCK NEWS

Opera Limited (NASDAQ: OPRA) has filed an amendment to its Form 20-F/A annual report for the fiscal year ending December 31, 2021, with the SEC. This amendment incorporates summarized financial information from its former equity-accounted investee, NanoCred Cayman Company Limited (Nanobank). The adjusted share of net loss of Nanobank for 2021 has been increased, but this has been offset by a corresponding reduction in impairment recognized by Opera. Importantly, these changes did not affect Opera's net result for 2021. The amended report is accessible on the company’s investor relations website.

Opera has released its first Rage Report, revealing significant insights into gamer frustrations. The report shows that 65% of UK and 69% of US gamers experience anger when losing, with 85% of UK and 83% of US players affected by lag. Alarmingly, 19% of UK gamers and 29% of US gamers have destroyed their gaming gear in a fit of rage. In partnership with Dr. K and Cr1TiKaL, Opera aims to address these mental health challenges, streaming a discussion on June 6, 2022, providing tips for managing anger while gaming.

Opera (NASDAQ: OPRA) has launched its VPN Pro subscription service, enhancing online security for users. This builds on its reputation as the first major browser to offer a free, no-log VPN. Now, Opera provides both free and premium VPN options directly within its Android browser. VPN Pro offers comprehensive device protection, high-speed access to over 3000 servers in 30+ locations, and supports multiple devices under one subscription. Pricing ranges from $1.99 to $5.99 per month, with a 7-day free trial available.

Opera Limited (NASDAQ: OPRA) announces its participation in two upcoming investor conferences on May 17 and May 18, 2022. The first event, 'Spring Into Action – Best Ideas Virtual Investor Conference,' features a presentation at 8:30 AM ET, followed by the '17th Annual Needham Technology & Media Conference' at 8:45 AM ET. Both sessions will include virtual fireside chats, with webcasts available on Opera's investor relations website. As a key player in browser development and internet services, Opera aims to engage with investors and share insights into its innovative products.

Opera (NASDAQ: OPRA) has announced the successful integration of BNB Chain into its Crypto Browser, enhancing access to decentralized applications (dApps) and the BNB token for users. This integration allows users to buy the BNB token with fiat, utilize a built-in crypto wallet, and seamlessly access popular dApps, including decentralized exchanges and GameFi applications. With over 339 million monthly active users, Opera aims to facilitate mainstream adoption in the Web3 space by providing user-friendly access to the BNB Chain ecosystem, which boasts over 4 million weekly unique active users.

Opera Limited (NASDAQ: OPRA) reported Q1 2022 financial results, with revenue growing by 39% year-over-year to $71.6 million. Adjusted EBITDA reached $7.3 million, a 60.6% increase from last year. The company affirmed its 2022 guidance, expecting 22% revenue growth and 90% adjusted EBITDA growth. A $50 million share buyback program was announced, with $3 million spent on repurchasing shares thus far. However, the net loss for the quarter was $9.4 million, down from a profit in Q1 2021.

Opera Limited (Nasdaq: OPRA) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the Securities and Exchange Commission. The report is accessible on Opera's investor relations website and the SEC's website. Shareholders can request a hard copy of the report containing audited consolidated financial statements free of charge. Opera is headquartered in Oslo, Norway, and serves hundreds of millions of users globally through its browsers, gaming, Web3, and news products.

Opera Limited (Nasdaq: OPRA) announced the sale of its 19.35% stake in Star Group Interactive Inc. for $83.5 million in cash, marking a substantial financial move for the company. The transaction, which closed on April 21, 2022, involves an initial payment of $28.4 million and the rest paid in two installments by December 2024. This divestment results in a 178% cash return on Opera's $30 million investment made in 2018, boosting its balance sheet and allowing a renewed focus on core business opportunities.

Opera has launched the iOS version of its Crypto Browser, providing 1 billion iOS users access to Web3 services. This follows previous integrations for Windows, Mac, and Android, aiming to enhance mass adoption of decentralized applications (dApps). The Crypto Browser features a built-in non-custodial crypto wallet and tools for seamless interaction with dApps and NFTs. Opera's EVP Mobile, Jorgen Arnesen, highlighted the browser's design to simplify the Web3 experience, addressing user accessibility and security concerns, while positioning Opera in the growing market, projected to add $1.5 trillion to the global economy by 2030.