Opera ( (OPRA) ) just unveiled an announcement.
Opera Limited reported a 29% revenue growth in the fourth quarter of 2024, surpassing its guidance for both revenue and adjusted EBITDA. The company achieved $145.8 million in revenue and $33.0 million in adjusted EBITDA, marking a 23% margin. For the full year 2024, Opera’s revenue grew by 21% to $480.6 million, with a 24% adjusted EBITDA margin. The growth was driven by increased browser monetization and expanded e-commerce partnerships, particularly during the holiday shopping season. Opera’s advertising revenue grew by 38% year-over-year, and the Opera GX gaming browser saw a 22% increase in average monthly active users. The company anticipates continued growth in 2025, with projected first-quarter revenue of $130-133 million and adjusted EBITDA of $28-30 million.
More about Opera
Opera Limited is a prominent browser developer and leading internet consumer brand, focusing on high-ARPU segments and expanding its presence in the mobile advertising ecosystem through Opera Ads.
YTD Price Performance: -1.08%
Average Trading Volume: 470,652
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.25B
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