Welcome to our dedicated page for Opera Ltd. news (Ticker: OPRA), a resource for investors and traders seeking the latest updates and insights on Opera Ltd. 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 June 10, 2021, Opera Limited (Nasdaq: OPRA) announced the monetization of 29% of its stake in OPay Limited, generating a gain of US$31.1 million. This decision reflects the company's confidence in OPay's rapid growth as a prominent African fintech. Opera retains 71% of its OPay shares to continue benefiting from future growth. CFO Frode Jacobsen emphasized this strategic move highlights the value created for shareholders through focused investments in companies with familiar business models.
Opera has launched its chat service Hype within the Opera Mini browser for users in South Africa, Zambia, and Ghana. This service integrates secure chatting and browsing, aimed at younger internet users seeking social connectivity. Hype, which debuted in Kenya in 2021, has garnered over 400,000 activations and 10,000 daily invites. To encourage usage, Opera has partnered with local carriers to offer free data access. Unique features include a built-in meme creator, GIF support, and stickers from African artists, enhancing user engagement.
Opera Limited (Nasdaq: OPRA) announced on June 8, 2021, that Ms. Xiaoling Qian has joined its Board of Directors, replacing Tian Jin, who resigned. Qian is an executive from Kunlun, Opera's largest shareholder, and has been involved with the company since Kunlun's investment in 2016. Opera's Chairman and CEO, Yahui Zhou, expressed confidence in Qian's understanding of the business and the management team. Opera, headquartered in Oslo, is a major internet consumer brand with extensive global reach.
Opera Limited (Nasdaq: OPRA) has received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) for failing to timely file its annual report on Form 20-F for the fiscal year ending December 31, 2020. The delay was caused by auditing challenges faced by its investee, Nanobank, primarily due to COVID-19 impacts in India. Nasdaq has allowed the company 60 days to submit a compliance plan, and an extension of up to 180 days could be granted if accepted. Opera expects to file its Form 20-F within the initial 60-day period.
Opera Limited (NASDAQ: OPRA) has launched Opera GX Mobile, the first mobile browser tailored for gamers. This follows a remarkable 190% year-over-year growth in its desktop counterpart, which boasts over 9 million users. Key features include Fast Action Button with haptic feedback, a unique gaming-inspired design, and the ability to sync with the desktop version via Flow. The GX Corner feature will deliver gaming news and deals directly on the mobile interface. Opera GX Mobile is currently in beta for Android and iOS, set for public access soon.
Opera Limited (NASDAQ: OPRA), a leading global internet brand, announced its participation in two significant events. The 16th Annual Needham Virtual Technology & Media Conference will take place on May 18, 2021, at 9:30 a.m. ET, and the Cowen's 49th Annual TMT Conference is scheduled for June 2, 2021, at 9:10 a.m. ET. Frode Jacobsen, Chief Financial Officer, will represent Opera at both conferences. Interested parties can view the presentations via the Opera investor relations website.
Opera (NASDAQ: OPRA) has integrated blockchain domain provider Unstoppable Domains into its browsers, enabling over 320 million users to access decentralized websites without additional downloads. Users can utilize .crypto NFT addresses across various platforms like iOS and Android. Unstoppable Domains, which offers permanent ownership of domain names minted as NFTs, has registered over 700,000 domains. This integration simplifies crypto transactions and promotes user ownership of digital identities in Web3.
Opera Limited (NASDAQ: OPRA) reported strong Q1 2021 results with revenue rising 28% to $51.6 million. Net income turned positive at $0.6 million, compared to a $20.9 million loss in Q1 2020. Core search and advertising revenue grew 38% year-over-year. Adjusted EBITDA was $4.6 million, marking a significant turnaround from a loss last year. The company raised its full-year revenue expectations to between $230 million and $245 million, indicating optimism in its growth trajectory, especially in gaming and fintech sectors.
Opera Limited (NASDAQ: OPRA) will release its first quarter 2021 results before market opening on April 27, 2021.
The company anticipates that both revenue and adjusted EBITDA will exceed prior guidance ranges. A conference call to discuss the results will take place on the same day at 8:00 am EST.
Opera is a leading internet consumer brand with over 380 million monthly active users.
Opera Limited (NASDAQ: OPRA) announced on April 6, 2021, that it expects first-quarter 2021 results to surpass revenue and adjusted EBITDA guidance. The company initially predicted revenue between $46 and $48 million with breakeven adjusted EBITDA. CFO Frode Jacobsen noted a strong performance driven by over 30% year-over-year growth in search and advertising revenue. This momentum, alongside progress in new initiatives, enhances confidence in sustained growth for shareholders. Full results will be reported on April 27, 2021.
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