Welcome to our dedicated page for Opera American Depositary Shares news (Ticker: OPRA), a resource for investors and traders seeking the latest updates and insights on Opera American Depositary Shares stock.
Opera Limited (NASDAQ: OPRA) is a globally recognized internet brand offering a suite of web browsers for desktop computers, mobile phones, tablets, and TV devices. Founded in 1995 and headquartered in Oslo, Norway, Opera is a public company listed on the Nasdaq. Opera's product lineup includes a variety of PC and mobile browsers such as Opera Mini, Opera Browser for Android and iOS, Opera for Computers, and specialized browsers like Opera GX, tailored for gamers.
Opera is a pioneer in browser technology, featuring innovative tools like tabbed browsing, data savings, PC/mobile sync, ad blocking, and a built-in VPN. Its latest innovation is the beta release of a Web3-centric browser designed for crypto enthusiasts.
In addition to browsers, Opera offers mobile advertising services, content recommendation products through Opera News, and a range of e-commerce solutions. Opera's gaming division includes portals and development tools that enhance the online gaming experience.
Opera's commitment to integrating Artificial Intelligence (AI) into its browsers is evident through its AI-centric browser, Opera One. This browser includes Aria, an AI that supports multiple large language models (LLMs) and features like image understanding and text-to-voice capabilities thanks to integrations with Google's Gemini models.
Recently, Opera announced support for on-device AI models, enabling users to run these models locally on their devices, thus enhancing privacy and reducing the need for server interactions. This feature is available in the developer stream of Opera One as part of its AI Feature Drops program.
Opera's significant partnerships, such as its extended agreement with Google for search distribution, demonstrate its sustained growth and market presence. The company continuously invests in both product development and marketing, driving revenue growth and profitability.
Opera's financial health is robust, with quarterly revenue growth and a positive operating profit. The company also provides detailed financial updates and investor information on its website.
For more information, visit www.opera.com and download the Opera web browsers or explore other Opera products. Stay updated with their latest innovations and developments on their investor relations page and on social media at X @InvestorOpera.
On January 19, 2022, Opera announced the launch of its Crypto Browser Project, a new web browser aimed at providing users with seamless access to Web3 services. The beta version is available for Windows, Mac, and Android, with iOS support coming soon. This browser emphasizes ease of use for decentralized apps, crypto news, and wallet functionalities. The project is a response to the growing interest in Web3, aiming to simplify user experiences while addressing environmental concerns through partnerships with blockchain solutions like Polygon. The Web3 market is projected to contribute $1.5 trillion to the economy by 2030.
Opera Limited (NASDAQ: OPRA) announced participation in the 24th Annual Needham Virtual Growth Conference on January 11, 2022. CFO Frode Jacobsen and VP of Investor Relations Matthew Wolfson will present in a Virtual Fireside Chat at 9:15 A.M. ET. Webcast details can be found on Opera's investor relations website. Opera, a global web innovator, is headquartered in Oslo, Norway.
Opera (NASDAQ:OPRA) has renewed its commercial agreement with Google (NASDAQ:GOOGL) for the distribution of Google Search in Opera browsers, maintaining a partnership that dates back to 2001. The new agreement is set on substantially similar terms to previous contracts and underscores Opera's strategy to enhance user experience through collaboration with a major search engine. This continuation reflects Opera's commitment to leveraging its extensive user base of hundreds of millions and its diversified product offerings, including browsers, news, and gaming apps.
Opera (NASDAQ: OPRA) has partnered with Butter, a regulated Buy-Now-Pay-Later (BNPL) platform, to enhance shopping experiences for UK consumers using the Opera browser. This collaboration allows users to spread payments on e-commerce purchases without penalties or interest. The BNPL sector has seen rapid growth in the UK, with over 17 million users. The partnership aligns with Opera's strategy to provide seamless, private, and safe online shopping. Both companies anticipate that this integration will meet the increasing demand for flexible payment solutions among consumers.
Opera Limited (NASDAQ: OPRA) announced its participation in the UBS Global TMT Virtual Conference scheduled for December 8, 2021. CFO Frode Jacobsen and VP of Investor Relations Matthew Wolfson will lead a Virtual Fireside Chat at 2:00 P.M. ET. The event will be available via a webcast on Opera's investor relations website.
Opera Limited (NASDAQ: OPRA), a leading browser developer based in Oslo, Norway, announced participation in the MKM Partners Virtual Conference on November 17, 2021. CFO Frode Jacobsen and VP of Investor Relations Matthew Wolfson will present and engage in one-on-one meetings with investors. The event includes a Virtual Fireside Chat at 8:30 a.m. ET. A webcast will be available on Opera’s investor relations website.
Opera (NASDAQ: OPRA) has expanded its integrated cashback service, Dify, to Poland, Russia, and Ukraine. This move enhances Opera's offerings in these key markets, where cashback adoption is high. Users can receive up to 30% cashback on purchases from partner websites, including AliExpress and Booking.com, directly within the Opera browser, ensuring a seamless and privacy-focused experience. Opera aims to capitalize on the upcoming shopping season by providing a competitive cashback service without the need for additional extensions. Dify is also available as a Chrome extension and will be expanded to more countries soon.
Opera Limited (Nasdaq: OPRA) is set to hold its 2021 Annual General Meeting (AGM) on December 9, 2021, at 14:00 Central European Time. Due to COVID-19, the meeting will be virtual. Shareholders can request call-in details via email. The record date for attendees is November 8, 2021. No proposals will be submitted for approval, but the AGM will facilitate discussions on company affairs. More information is available on their investor relations website.
Opera Limited (NASDAQ: OPRA) reported Q3 2021 revenue of $66.6 million, a 57% increase year-over-year. Despite this growth, net income fell to $23.5 million, down 84.8% from the previous year, primarily due to a substantial gain in Q3 2020. Adjusted EBITDA was $8.2 million, with a margin of 12.3%. The company expects Q4 revenue between $70-$72 million, marking a 41% increase year-over-year. Advertising revenue outpaced search revenue for the first time, driven by strong user engagement and new products. Opera's average monthly active user base reached 352 million, with notable growth in North America.
Opera Limited (NASDAQ: OPRA) will release its third quarter 2021 results on October 28, 2021, before the market opens. The results will be accessible on the company's investor relations website. Following this, management will hold a conference call to discuss the financial outcomes at 8:00 am EST on the same day. The call will be available via a live webcast and can also be accessed through multiple dialing options depending on the listener's location.
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