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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 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.
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