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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) will announce its fourth quarter and full year 2022 financial results before the market opens on February 27, 2023. A live conference call discussing these results will take place at 8:00 am ET on the same day. Interested parties can access the quarterly report and the conference call via the investor relations section of Opera's website.
Opera is a leading internet consumer brand, known for its browsers and fintech solutions, and is headquartered in Oslo, Norway.
Opera Limited (NASDAQ: OPRA) has announced a special dividend of $0.80 per American Depositary Share (ADS), reflecting strong operating performance throughout 2022. This marks Opera's first dividend post-IPO, with payments totaling approximately $71 million, targeting shareholders of record as of January 30, 2023. The dividend will be funded through existing working capital and proceeds from a planned sale of marketable securities worth $59 million. Payments are expected around February 9, 2023.
Opera announced that its gaming browser, Opera GX, has exceeded 20 million monthly active users (MAU), highlighting its growing popularity within the gaming community. This milestone reflects Opera's successful strategy of integrating gaming culture into its ecosystem. Co-CEO Lin Song emphasized the browser's role in the company's profitability and growth. Additionally, Opera GX has engaged significantly with its user base, boasting an average usage time of 8 hours daily. Plans for further expansion and partnerships, including a collaboration with TikTok, aim to enhance its gaming footprint.
Alteon LaunchPad is set to launch exclusively on the Opera Crypto Browser, allowing users to mint NFTs in real-time. This integration aims to make NFT creation more accessible, enabling users with minimal experience to use a simple drag-and-drop interface. The service requires no platform usage fees, facilitating wider participation in the NFT market. Scheduled for release in January 2023, the LaunchPad will include features like automatic smart contract generation and seamless content sharing. This partnership aims to democratize the creative process and connect artists to the Web3 economy.
GX.games is set to enhance its offerings by introducing two free indie games this November: Hero's Hour and Leaf Blower Revolution. The initiative, called 'Monthly Drop', aims to deliver new games each month to its audience. Users can claim Hero's Hour for free from November 17 to 23, 2022, and once claimed, they will retain it indefinitely. The platform, part of Opera, caters to a growing audience of gamers, providing a tailor-made browser experience with a variety of free games.
Opera Limited (NASDAQ: OPRA), a leading internet consumer brand, will have executives presenting at two investor conferences. On November 30, 2022, CFO Frode Jacobsen will speak at the Credit Suisse 26th Annual Technology Conference at 3:05 PM MT. Following this, on December 6, 2022, EVP Commercial Per Wetterdal will present at the UBS Global TMT Conference at 7:30 AM ET. Webcasts of both presentations will be available on Opera's investor relations website.
On November 15, 2022, Opera (NASDAQ: OPRA) announced the integration of TikTok directly into its desktop browser sidebar. This feature responds to user demand, especially among the 18-35 age group, where 65% expressed interest in this addition. The TikTok integration allows seamless browsing without needing to switch apps. Notably, 86% of TikTok users utilize it for entertainment, with significant usage for news and trend tracking. Opera positions itself as the first browser to offer built-in TikTok access, enhancing user experience on Windows, Mac, and Linux platforms.
Opera has launched DegenKnows, a new NFT analytics tool designed to help users track and evaluate NFT projects' popularity and authenticity. This tool provides insights from leading wallets, including celebrities and influencers, while also analyzing both on-chain and off-chain data. The Opera Crypto Browser now supports the NEAR, Elrond, and Fantom blockchains, expanding its service offerings. All Opera browser users are granted free Premium access to DegenKnows, further enhancing the platform's appeal amid growing NFT market engagement.
Opera Limited (Nasdaq: OPRA) has announced its 2022 Annual General Meeting (AGM) to be held on December 7, 2022, at 10:00 EST, in New York City. The record date for shareholders is set for November 1, 2022. This meeting will not include any proposals for approval but will serve as a forum for discussions among shareholders and American depositary shareholders. Details about the AGM can be found on Opera's investor relations website.
Opera Limited (NASDAQ: OPRA) reported a strong Q3 2022, with revenues reaching $85.3 million, a 28% year-over-year increase, and an adjusted EBITDA margin of 25%. The company generated significant gains from its gaming browser GX, contributing to high ARPU in the Americas and Europe. Opera announced a major repurchase of 23.4 million ADS equivalents and raised its 2022 revenue guidance to $323-326 million. Despite these successes, net income fell 60% to $9.4 million. The company maintains a strong cash position of $201 million.
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