Opera Limited ( (OPRA) ) has released its Q4 earnings. Here is a breakdown of the information Opera Limited presented to its investors.
Opera Limited, a leading browser developer and internet consumer brand, has reported significant growth in its financial performance for the fourth quarter and full year of 2024. The company, headquartered in Oslo, Norway, is known for its innovative web browsers that offer unique and secure features across various devices.
In its latest earnings report, Opera Limited announced a 29% year-over-year revenue growth for the fourth quarter of 2024, reaching $145.8 million, surpassing its guidance range. The adjusted EBITDA also exceeded expectations, standing at $33.0 million with a 23% margin. For the full year, Opera achieved a 21% revenue increase to $480.6 million and an adjusted EBITDA of $115.3 million, marking a 24% margin.
Key highlights from the report include a 38% increase in advertising revenue, driven by the company’s browser monetization and Opera Ads platform, and a 17% growth in search revenue. The Opera GX gaming browser saw a 22% rise in average monthly active users, contributing to the overall stable user base of 296 million. Additionally, Opera launched Opera Air, a browser with integrated mindfulness and productivity tools, enhancing its product offerings.
Looking ahead, Opera Limited projects continued growth into the first quarter of 2025, with expected revenue between $130 million and $133 million, representing a 29% increase. The company remains optimistic about its product portfolio and commercial opportunities, aiming to further establish itself in the global mobile advertising ecosystem.