Opera Limited American Depositary Shares - OPRA STOCK NEWS

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.

Opera Limited (NASDAQ: OPRA) will announce its first quarter 2022 financial results on April 28, 2022, prior to market opening. The results will be available on the company’s investor relations website. Following the release, management will host a conference call at 8:00 am EST to discuss the financial outcomes, with a live webcast accessible online. Interested listeners can join via phone in various regions including the U.S., China, and Europe.

Opera has integrated support for major blockchain ecosystems including Solana, Polygon, and StarkEx, allowing its users seamless access to decentralized applications (dApps) within eight blockchain ecosystems. This move aims to enhance user experience in Web3 while reducing carbon footprint through improved efficiency and lower transaction fees. Opera's initiative aligns with its mission to onboard millions of users to Web3 in an environmentally-conscious manner. This integration follows the launch of its Crypto Browser Project, providing a dedicated platform for cryptocurrency interactions.

Opera Limited (Nasdaq: OPRA) announced the sale of its 42.35% stake in NanoCred Cayman Co. Limited (Nanobank) for $127.1 million. The payment will occur in eight quarterly installments over two years. This divestment, completed on March 22, 2022, results in a gain of approximately $16.5 million for Opera, compared to the $110.6 million carrying value when it acquired the stake in August 2020. Although the company will record a net loss based on the investment's carrying amount of $176.4 million at year-end 2021, CFO Frode Jacobsen stated this focuses the firm on its core business.

OSLO, Norway, March 8, 2022 /PRNewswire/ -- Opera GX has partnered with Logitech G to incorporate LIGHTSYNC RGB technology, enhancing the gaming browser's features with over 16.8 million color possibilities.

This integration allows gamers to create custom lighting effects that respond dynamically while using Opera GX. The browser, launched in 2019, is tailored for gamers, offering unique features like CPU and RAM limiters. Users can easily enable LIGHTSYNC RGB through the GX Lights settings, enhancing notifications and interactions with a colorful display.

Opera has announced its integration with Ethereum Layer 2 exchange DeversiFi, enhancing transaction capabilities within its mobile browser wallet. This collaboration enables faster and cheaper transactions, addressing high fees on the Ethereum mainnet, facilitating peer-to-peer ETH transfers with Layer 2 swaps.

This move supports Opera's strategy to mainstream crypto, following its previous innovations like the built-in crypto wallet. The integration aims to bring seamless DeFi access to millions of users, significantly lowering barriers to entry in Ethereum-based financial services.

Nervos has announced the completion of its Layer 1 integration with Opera's native crypto wallet. Starting today, Opera's Android users can send and receive $CKB tokens. This integration follows previous partnerships with Bitcoin, Ethereum, and Celo, enhancing Web3 interactions. Opera aims to provide seamless access to dApps, games, and decentralized platforms. Future updates will include support for Nervos' Layer 2, Godwoken, enhancing the platform's multi-chain strategy. This partnership represents a significant milestone for both Nervos and Opera in the evolving blockchain landscape.

Opera Limited (NASDAQ: OPRA) reported its fourth quarter and full year 2021 financial results, revealing a 44.6% increase in quarterly revenue to $72.6 million, and a 52.1% rise for the year totaling $250.99 million. However, the company faced a significant net loss of $84.2 million in Q4, a stark contrast to a net income of $28.5 million in Q4 2020, largely due to impairments related to its investment in Nanobank. The firm announced a $50 million stock buyback and expects revenue growth of 22% in 2022.