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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 [NASDAQ: OPRA] has launched a new feature in its Opera GX browser, introducing adaptive background music aimed at enhancing the gaming experience during web browsing. Developed by renowned composer Ruben Rincón and the Berlinist band, this feature adapts dynamically to user activity, providing an immersive soundscape. Additionally, Opera GX has integrated Twitter into its sidebar, improving accessibility for users. The browser has seen a remarkable 183% growth year-to-date, now serving over 4 million monthly active gamers.
Opera Limited (NASDAQ: OPRA) announced that CFO Frode Jacobsen and VP of Investor Relations Derrick Nueman will present at the Key Banc Future of Technology Series on September 16, 2020, at 12:40 p.m. ET. This virtual event will include one-on-one investor meetings, showcasing Opera's innovations and growth strategy. The company currently serves over 360 million active users and aims to expand its offerings in the fintech and classifieds sectors. A webcast of the presentations will be available on Opera's investor relations website.
Opera Limited (NASDAQ: OPRA) reported a record 379 million monthly active users in July, up from 360 million in Q2 2020. Q2 revenue decreased 10.2% year-over-year to $55.4 million, yet net income surged to $17.1 million, representing a 400.9% increase. Search and advertising revenues rose 32% in July. The formation of Nanobank, combining Opera's microlending with Mobimagic, aims to enhance growth in emerging markets. Adjusted EBITDA stood at $2.9 million, with a significant recovery trajectory expected due to improving user metrics and new fintech initiatives.
Opera Limited (NASDAQ: OPRA) has launched Opera For Business, a service designed to enhance online visibility for small and medium enterprises (SMEs) in Nigeria. This initiative allows businesses to create online profiles, promoting their offerings via platforms like Google Maps. The service includes digital marketing tools to reach new customers, furthering Opera's partnership with Google My Business. Currently, Opera has over 125 million users in Africa and aims to support SMEs through existing tools like OLeads and OList.
Opera Limited (NASDAQ: OPRA) is set to announce its Q2 2020 financial results on August 20, 2020, before market opening. The results will be available on the investor relations section of Opera's website. Following the earnings release, management will discuss the results during a conference call at 8:00 am EST. Opera boasts over 350 million monthly active users and continues to evolve its offerings beyond web browsers, including AI-powered news services and microfinance solutions.
Opera Limited (Nasdaq: OPRA) announced plans to acquire AB Fjord Bank, pending regulatory approval. This strategic move aims to enhance Opera's fintech operations in Europe, targeting improved personal finance solutions for its user base of over 50 million monthly active users in the region. Previously, Opera entered the fintech arena by acquiring PocoSys in January 2020, and it plans to launch deposit and loan services in Lithuania this summer. The investment for a 9.9% stake was completed on July 3, 2020, with the acquisition of the remaining 90.1% awaiting regulatory clearance.
Opera, the Norwegian browser maker, has integrated Twitter into the sidebar of its desktop browser version 69, making it the first major browser to do so. This update aims to enhance the user experience for Twitter fans, following the earlier addition of built-in Instagram support. According to an Opera survey, 62% of US Twitter users desire easier access to the platform on desktops. As of March 2020, Opera reported a record 73 million unique monthly users.
Opera GX, the first gaming browser, has launched new features including Discord support and a Hot Tabs Killer to enhance the browsing experience for gamers. With a growth of 121% in monthly users since late 2019, Opera GX targets over 1.3 billion PC gamers globally, amidst a booming gaming industry. The new features aim to optimize performance by allowing users to identify and close resource-hungry tabs, and the Force Dark Pages feature helps reduce glare. As of March 2020, Opera has reached 73 million monthly active users.
Opera (NASDAQ: OPRA) announced a significant milestone with its Opera News service reaching over 200 million monthly active users in May, marking a 28% year-over-year growth. This surge is attributed to the expansion of Opera News Hub beyond Nigeria into several African countries, the introduction of the Opera News Lite app, and its role as a vital information source during the Coronavirus pandemic. The platform utilizes advanced AI technologies for personalized content delivery, further establishing Opera's presence in the digital content landscape.
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