Opera Ltd
F:2V8

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Opera Ltd
F:2V8
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Price: 15.15 EUR -1.94% Market Closed
Market Cap: €1.3B

Opera Ltd
Investor Relations

Opera Ltd makes web browsers and internet software for people who want a faster, lighter way to get online. Its main products include the Opera browser for desktop and mobile, Opera GX for gamers, and other browser-based apps and services. It also sells add-on features such as built-in ad blocking, privacy tools, news feeds, and shortcuts that help users browse and manage web content more easily. The company mainly serves individual consumers, especially mobile users and people who choose alternative browsers instead of the default options from Apple, Google, or Microsoft. Opera makes money mostly through advertising, search-related revenue, and distribution deals that send users to search engines and other online services. In some cases it also earns fees from partnerships tied to traffic, app installs, or other user referrals. What makes Opera’s business different is that it sits at the edge of the internet experience: it does not create the websites people visit, but it controls the browser and the traffic flow into those sites. That gives it a role in web discovery, search access, and online advertising, while its browser products act as the main gateway that keeps users inside its own software environment.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 28, 2026
AI Summary
Q1 2026

Beat: Opera said first-quarter revenue of $176 million and adjusted EBITDA of $42 million both beat the top end of guidance, helped by stronger-than-expected advertising and query revenue.

Guidance up: Management raised full-year revenue guidance to $727 million-$740 million and adjusted EBITDA guidance to $170 million-$174 million after a strong start to 2026.

AI push: The company framed AI as a key growth driver, saying browser users engaging with AI spend more time in the browser and search more, which supports monetization.

Ad momentum: Advertising revenue hit a new high of $117 million, with management saying e-commerce partnerships remain a major growth engine and travel is the next opportunity.

Capital returns: Opera continued its dividend plus buyback strategy, repurchasing 1.14 million shares for $17 million in March and reiterating a $0.80 annual dividend.

MiniPay scale: MiniPay has now activated over 15 million wallets and processed over 430 million transactions, while management said it already contributes meaningfully to revenue.

Key Financials
Revenue
$176 million
Adjusted EBITDA
$42 million
Advertising revenue
$117 million
Query revenue
$58 million
Search revenue growth
14%
Monthly average users
288 million
Annualized ARPU
$2.43
Operating cash flow
$42 million
Free cash flow from operations
$35.5 million
Cost of revenue items
36.8% of revenue
Cash-based compensation
$21.5 million
Marketing spend
$38.5 million
OpEx base pre-adjusted EBITDA
$9 million
MiniPay activated wallets
over 15 million
MiniPay transactions
over 430 million
Buyback shares repurchased
1.14 million shares
Buyback spend
$17 million
Shares outstanding
89.55 million
Dividend
$0.80 per year
Q2 revenue guidance
$176 million-$178 million
Q2 adjusted EBITDA guidance
$40 million-$42 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Yahui Zhou
Chairman & Co-CEO
No Bio Available
Mr. Lin Song
Co-CEO & Director
No Bio Available
Mr. Frode Fleten Jacobsen
Chief Financial Officer
No Bio Available
Mr. Matthew Wolfson
Head of Investor Relations
No Bio Available
Mr. Allen Hu
Executive Vice President of Dify
No Bio Available
Mr. Krystian Kolondra
Executive Vice President of Browsers & European Fintech
No Bio Available
Mr. Jorgen Arnesen
Executive Vice President of Mobile
No Bio Available
Mr. Per Wetterdal
Executive Vice President of Commercial
No Bio Available

Contacts

Address
OSLO
Oslo
Gjerdrums vei 19
Contacts
+4723692400.0
www.opera.com
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