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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 GX, the browser for gamers, has partnered with Riot Games as the Preferred Browser Partner for League of Legends Esports Global Events, starting with Worlds 2024. This multi-year partnership aims to enhance the viewing experience through:
- A Co-Streamer Hub centralizing streaming options
- Exclusive Worlds Unlocked digital drops for Opera GX users
- Custom browser mods themed around LoL characters
- A dedicated 'Riot Corner' with an interactive match directory and calendar
The partnership launches on September 25th, coinciding with Worlds 2024 play-in rounds. Users can download Opera GX to access these features and claim exclusive items at lolesports.com.
Opera (NASDAQ: OPRA), a major browser developer and internet consumer brand, has announced its participation in two upcoming investor conferences:
- Citi's 2024 Global TMT Conference on September 6, 2024, featuring Per Wetterdal, EVP Commercial, in a fireside chat at 1:20 p.m. ET.
- Goldman Sachs Communacopia + Technology Conference on September 9, 2024, with Frode Jacobsen, CFO, presenting at 3:45 p.m. PT.
Live audio webcasts and replays will be available on Opera's investor relations website. Founded in 1995 and headquartered in Oslo, Norway, Opera is publicly listed on Nasdaq under the ticker OPRA. The company focuses on providing innovative web browsing experiences across all devices.
Opera (NASDAQ: OPRA) reported strong Q2 2024 results, exceeding expectations and raising its full-year outlook. Revenue grew 17% year-over-year to $109.7 million, surpassing guidance. Adjusted EBITDA reached $26.6 million, a 24% margin, also above expectations. The company's product lineup was strengthened with the launch of Opera One on iOS and continued AI innovation.
Key financial highlights include:
- Net income of $19.3 million, up 43% year-over-year
- Diluted earnings per ADS of $0.22, a 46% increase
- Advertising revenue grew 20% to $64.6 million
- Search revenue increased 15% to $44.5 million
Opera raised its full-year 2024 guidance, now projecting 17% year-over-year revenue growth and a 24% adjusted EBITDA margin at the midpoints.
Opera has launched Opera One for iOS, its AI-powered flagship browser for iPhone. The new version features a full-screen mobile interface, simplified user commands, and the aesthetics of the award-winning Opera One desktop browser. Key updates include:
1. Bottom Search: A new navigation style shifting the search bar to the bottom for easier one-handed use.
2. Revamped search functionality with predictive chips for faster typing.
3. Swipe to search gesture for quick access to the search bar.
4. Adaptive color scheme that matches webpage colors.
5. Aria: A free, unlimited built-in AI with voice input and image generation capabilities.
The release follows a 63% growth in new users across the EU after the implementation of the DMA's browser choice ballot.
Opera (NASDAQ: OPRA), a major browser developer and internet consumer brand, has announced that it will release its second quarter 2024 financial results on Thursday, August 22, 2024, before the market opens. The earnings release will be available on the company's investor relations website.
Management will host a conference call to discuss the results on the same day at 8:00 a.m. ET. Investors can access the call through various international phone numbers or via a live webcast on the company's investor relations website. This announcement provides an opportunity for investors and analysts to gain insights into Opera's financial performance and future outlook.
Opera GX, the gaming browser, has launched a major update to its AI assistant, Aria. This upgrade introduces new features such as image generation using Google's Imagen2, enabling users to create up to 30 unique images daily from text prompts. Additionally, Aria now offers voice output through Google's WaveNet, providing audio responses beneficial for multitasking or accessibility needs.
Aria's capabilities have further expanded to include image understanding, allowing users to upload images and receive detailed contextual information. The chat experience has been enhanced with 'Chat Summary,' summarizing entire conversations, and 'Links to Sources,' giving users contextual links regarding their inquiries.
The update also reworks the Aria Command Line, making it easier to activate via 'ctrl + /' or 'cmd + /' for a smoother user experience. These enhancements aim to provide the gaming community with a more robust and accessible AI assistant, available now for all Opera GX users.
Opera (NASDAQ: OPRA) declared a semi-annual cash dividend of $0.40 per American Depositary Share (ADS).
The dividend will be paid to shareholders on record as of July 2, 2024, with distributions expected around July 15, 2024. The total dividend amount is approximately $35.4 million, with $27.6 million as cash expense and $7.8 million offset against receivables from Kunlun Tech
This dividend is part of Opera's recurring dividend program.
Opera [NASDAQ: OPRA] has announced a new feature allowing users to decorate their browser tabs with emojis. This feature, called Tab Emojis, enables users to add emojis to each tab, facilitating better organization and customization of their browsing experience. Users can choose from over a thousand different emojis or select from five pre-selected ones by hovering over a tab. This feature aims to make tabs visually recognizable and help users prioritize important tabs. Opera has a history with emojis, having previously enabled emoji-based web addresses.
Opera [NASDAQ: OPRA] is set to enhance its flagship browsers, Opera One and Opera GX, with on-device AI capabilities. Initially introduced in April 2024, Opera was the first to support local Large Language Models (LLMs) within a browser. This feature is now moving from early access to full integration across Windows, MacOS, and Linux platforms. Opera's AI will support over 2000 LLM variants from more than 60 families, elevating user privacy by limiting data transfer to servers.
Additionally, Opera's AI, Aria, has gained image understanding capabilities, allowing users to upload and query images. Opera's strategic investments include deploying an NVIDIA H100 AI data cluster and collaborating with Google Cloud to integrate Gemini models. These advancements highlight Opera's commitment to leading AI innovation in the browser market.
Opera has announced a collaboration with Google Cloud to integrate Gemini models into its Aria browser AI. This will enhance Aria's functionality with image generation and text-to-voice capabilities. The integration utilizes Opera's multi-LLM Composer AI engine to curate the best user experiences by selecting the appropriate model for each task. The collaboration leverages Google's advanced Gemini and Imagen 2 models, providing Opera users with high-performance, current information. The partnership, spanning over 20 years, is now focusing on generative AI to power Opera's browser AI services. Additionally, Opera has opened a green energy-powered AI data cluster in Iceland to support its expanding AI program.
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