Welcome to our dedicated page for Opera American Depositary Shares news (Ticker: OPRA), a resource for investors and traders seeking the latest updates and insights on Opera American Depositary Shares stock.
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 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.
Opera Limited (NASDAQ: OPRA) will announce its third quarter 2022 financial results on October 27, 2022, before market opens. A conference call will take place the same day at 8:00 am Eastern Time. Investors can access the report and listen to the call live via the investor relations section of Opera's website. This announcement highlights the company's ongoing commitment to transparency and engagement with its investors.
Opera Limited (NASDAQ: OPRA) has completed the repurchase of 46.75 million shares from Qifei International Development, a subsidiary of 360 Security Technology, for $128.6 million at $5.50 per ADS. This buyback clears 360's 20.6% stake, simplifying ownership and increasing each outstanding share's ownership by 26%. The transaction values the shares at 43% below analyst targets. Opera has now repurchased 33.7 million ADS equivalents since its IPO, bolstering shareholder value while leaving $36 million under its existing repurchase program.
Opera Limited (NASDAQ: OPRA) has announced that shareholders of 360 Security Technology Inc. have approved a share repurchase agreement with Opera's pre-IPO shareholder, Qifei International Development Co. Ltd. Following the completion of this transaction, 360 will exit its position as a shareholder in Opera. The transaction is expected to close within 10 business days. This move strengthens Opera's shareholder structure and may enhance shareholder value by reducing the number of outstanding shares.
Opera GX has launched the #GamingForAll Challenge in collaboration with TikTok to promote inclusivity in gaming. The initiative encourages gamers to play without sight, inspired by BlindWarriorSven, a blind Street Fighter champion. For each video uploaded, Opera will donate $0.5 to AbleGamers, up to $25,000. The campaign kicks off with a live event in Amsterdam on October 2, allowing participants to meet Sven and compete in Street Fighter V. This effort underscores Opera's commitment to making gaming accessible to everyone.
Opera Limited (NASDAQ: OPRA) announced an agreement to acquire a 20.6% stake from pre-IPO shareholder Qifei International Development Co. Ltd. for $128.6 million in cash. The deal values the share price at $5.50 per American Depositary Share (ADS). The transaction requires approval from 360's shareholders at a scheduled meeting on October 10, 2022, with an expected closing within 10 business days post-approval. This move is pivotal for Opera, potentially enhancing shareholder value and consolidating control.
Opera GX has announced the Mobile Game Jam, an initiative inviting developers to create a game for its mobile browser's 'No Internet' page. This event, running from October 4, 2022, features a $36,000 prize pool, with $10,000 awarded to the top game. The initiative aims to transform offline gaming experiences for users facing connectivity issues. Opera GX, the only browser designed specifically for gamers, emphasizes community involvement, having seen over 1,900 unique game submissions in past events.
Opera (NASDAQ: OPRA) announces a major update to its Crypto Browser, now integrating support for MetaMask and other key wallets. A new Wallet Selector feature simplifies wallet management for users, eliminating common inconveniences associated with accessing dApps. The browser partners with DappRadar, providing access to over 11,000 dApps. Enhanced security features are introduced, including phishing protection and secure clipboard functionality. This launch comes amid heightened institutional interest in crypto, with investments in crypto projects significantly increasing in 2022.
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