Opera Limited (OPRA) has released an update.
Opera Limited reported a robust start to 2024, with a 17% year-over-year increase in first-quarter revenue to $101.9 million, outperforming their financial forecasts. The company’s focus on innovative AI features and a growing user base across high-revenue regions contributed to this success, leading to a raised full-year revenue guidance of 16% growth and a 24% adjusted EBITDA margin. Opera also highlighted strong operating cash flow, enabling significant investments in product development and marketing.
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