Opera Limited American Depositary Shares - OPRA STOCK NEWS

Opera Limited (NASDAQ: OPRA) reported strong financial results for Q1 2023, marking its ninth consecutive quarter of over 20% revenue growth. The company's revenue reached $87.1 million, a 22% increase year-over-year, surpassing prior guidance. Adjusted EBITDA also exceeded expectations at $21.7 million with a margin of 25%. Opera's advertising revenue rose 26% and now accounts for 56% of total revenue. Notably, the total monthly active users stood at 319 million. The company introduced generative AI features in its browser and adjusted its 2023 revenue guidance upwards to between $373 million and $390 million.

Opera has launched Opera One, an early access version of its redesigned browser set to replace the flagship Opera browser later this year. This new browser features a Modular Design, enabling a more intuitive liquid navigation experience and the first major multithreaded compositor for smoother UI interactions. Tab Islands are introduced to help users manage multiple tabs efficiently by grouping them contextually. This redesign builds on earlier enhancements that integrated generative AI features, indicating Opera's commitment to a future-ready web experience. As Opera continues to innovate, the browser aims to provide an adaptable and user-friendly interface while paving the way for upcoming AI functionalities.

Opera Limited (NASDAQ: OPRA) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the Securities and Exchange Commission. This filing underscores the company's commitment to transparency and regulatory compliance. The annual report contains crucial financial data, which can be accessed on Opera's investor relations website or the SEC's site. Opera is recognized as a leading browser developer with a strong global presence, trusted by millions of users. Shareholders can request a hard copy of the report containing audited financial statements free of charge. The report is essential for investors to understand Opera's financial positioning and market strategy.

Opera Limited (NASDAQ: OPRA) is set to report its first quarter 2023 financial results before the market opens on Thursday, April 27th, 2023. The results will be accessible on the company's investor relations website. Management will also host a conference call at 8:00 AM EDT on the same day to discuss these results.

The call will be available via a live webcast on the investor relations page, ensuring that investors and analysts can stay informed. Interested listeners can join the call using various international dial-in numbers, with a specific confirmation code for access. Opera, headquartered in Oslo, Norway, is known for its innovative web solutions, including browsers and fintech products.

Opera (NASDAQ: OPRA) has announced the successful extension of its free VPN service to the Opera Browser for iOS, making it the first web browser to offer a built-in VPN across all major platforms, including Mac, Windows, Linux, Android, and iOS. This service ensures user privacy and security by encrypting VPN traffic without requiring subscriptions or logins. Opera's no-log policy guarantees that personal data and browsing history remain private. The update also includes new features like a Bookmarks option and a Live Scores feature for sports fans. As the Opera Browser continues to gain accolades for its design and user experience, the rollout of the VPN service is expected to enhance user engagement significantly.

Opera has launched AI features in its desktop browsers, Opera and Opera GX, introducing smart AI prompts and sidebar access to popular GPT-based services like ChatGPT and ChatSonic. This integration aims to enhance user experiences by enabling quick interactions with AI for tasks such as content generation, article summarization, and translation. This marks the first step in Opera's Browser AI development, with plans for a proprietary GPT-based engine in future stages. The features are now available in early access across various operating systems, reflecting Opera's commitment to expanding its AI capabilities in web browsing.

Opera Limited (NASDAQ: OPRA) reported a 33% year-over-year revenue growth for Q4 2022, totaling $96.3 million, exceeding prior guidance. The company achieved an adjusted EBITDA margin of 24% and a net income of $20.9 million, a significant turnaround from a loss of $112.4 million in Q4 2021. Its user base grew to 324 million monthly active users, with the Opera GX gaming browser surpassing 20 million users. Opera announced a special dividend of $0.80 per ADS and plans for a $50 million buyback program. For 2023, Opera forecasts revenue between $370 million and $390 million, with adjusted EBITDA margins at 20%.

Opera (NASDAQ: OPRA) announces a significant collaboration with OpenAI, enhancing its AI capabilities in browser technology. This partnership enables Opera to incorporate advanced AI models and receive tailored support from OpenAI, positioning its products for future web demands. The collaboration follows Opera's recent initiatives to expand its AI-generated content offerings. Upcoming browser features will leverage generative AI to improve user experiences, including a new 'Shorten' button for summarizing web content. This strategic move aims to innovate and personalize browsing, affirming Opera's commitment to integrating cutting-edge technologies.

Opera, a leading browser developer, announced the integration of AI-generated content (AIGC) services into its PC and mobile browsers, marking a significant expansion of its existing AI program. With the rising interest in AI services, driven by platforms like ChatGPT, Opera aims to enhance user experiences by incorporating new features that utilize AIGC. The upcoming features include a 'Shorten' button to generate summaries of web articles and enhance content filtering. Co-CEO Song Lin emphasized the importance of browsers evolving to become gateways to AI-powered solutions, while the company plans to leverage new and existing partnerships to boost its offerings in the AIGC space.