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.
Opera GX, the first browser for gamers, is hosting an event titled "Opera GX presents: That's my Streamer," allowing fans to team up with their favorite streamers. Participants will have a chance to win a total of $10,000 in prizes, with $8,000 for the winning team and $2,000 for the runner-up. Teams will be coached by renowned CS:GO experts during training sessions leading up to the face-off. Applications are open until April 18, 2021, with the final match scheduled for early May 2021. This initiative aims to engage and reward the gaming community.
Opera Limited (NASDAQ: OPRA) announced that its gaming browser, Opera GX, surpassed 8 million monthly active users, showing a remarkable growth of over 250% year-over-year as of February 2021. EVP of Gaming & PC Browsers, Krystain Kolandra, stated that the company aims to maintain this rapid growth through an aggressive product roadmap that includes enhancing gaming features and expanding their 2D gaming platform, YoYo Games Gamemaker Studios. This strategy aligns with Opera's vision of integrating gaming with browsing for long-term growth.
Opera Limited (NASDAQ: OPRA) has appointed Allen Hu, a veteran from PayPal, as the new Executive Vice President of its fintech division, Dify. Hu, who has extensive experience in financial technology and previously worked at Baidu Pay and Tencent, is set to lead Dify's growth. Dify recently launched a cashback service and a wallet app in Europe, targeting online shoppers. The company aims to expand its fintech services by leveraging Hu's experience and Opera's large user base of 380 million monthly active users.
Opera Limited (NASDAQ: OPRA) reported its Q4 2020 financial results, showcasing a revenue increase of 3% year-over-year to $50.4 million. The net income surged 15.6% to $25.4 million, reflecting strong user growth and higher engagement in its core businesses, Opera Browser and Opera News. Adjusted EBITDA rose 111.4% to $14.3 million, achieving a margin of 28%. The company expects 2021 revenue growth of 25% to 39%, indicating strong momentum and strategic investments in fintech and gaming. Opera's monthly active users increased by 29 million, driven by a 350% year-over-year rise in its Opera GX browser usage.
Opera (NASDAQ: OPRA) has launched a new chat service called Hype, integrated into its Opera Mini mobile browser. This innovative feature enhances the browsing experience for users, especially in emerging markets where mobile-first usage is prevalent. With over 100 million users, Opera Mini aims to save data by integrating chat functionality without compromising speed. Hype will debut in Kenya, where 40% of the population has smartphone access. The initiative is part of Opera's strategy to grow its digital ecosystem in Africa, having already increased its user base by 40% since 2018.
Opera Limited (NASDAQ: OPRA) has launched a new in-browser ecommerce solution called Dify aimed at enhancing online shopping experiences and providing cashback benefits for users. The Dify app includes a current account, a virtual Mastercard debit card, and cashback services for purchases made on partner websites through the Opera browser. Initially available in beta in Spain, Opera plans to expand Dify's functionalities, including savings management and investment options, in response to the growing European ecommerce market valued at €717 billion.
Opera Limited (NASDAQ: OPRA) announced it will report its fourth quarter and full year 2020 results on February 25, 2021. The company anticipates exceeding the top end of its revenue and adjusted EBITDA guidance for the fourth quarter. A conference call will be hosted the same day at 8:00 am EST to discuss the financial results, which can be accessed via the investor relations section of Opera's website.
Opera is recognized for its innovative web solutions, having over 380 million monthly active users globally.
Opera (NASDAQ: OPRA) has acquired YoYo Games, the creators of GameMaker Studio 2, for approximately $10 million. This acquisition aims to enhance Opera's new division, Opera Gaming, further expanding its footprint in the gaming sector. Opera GX, a browser for gamers, has experienced rapid growth, with 7 million monthly active users and a 350% increase year-over-year. The combination of Opera GX and GameMaker Studio 2 is expected to lower barriers for game development and provide new opportunities for users in the gaming community.
Opera Limited (NASDAQ: OPRA) announced strong fourth quarter 2020 results, exceeding its revenue and adjusted EBITDA guidance. Year-over-year search and advertising revenue growth rates surpassed expectations due to increased PC user growth and enhanced monetization strategies. The company initially forecasted fourth quarter revenue between $45 million and $47 million, and adjusted EBITDA between $10 million and $12 million. Full results will be reported on February 25, 2021, highlighting a robust performance that bodes well for 2021 growth.
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