Opera Limited’s Strong Q3 Performance and Outlook

Opera Limited ( (OPRA) ) has realeased its Q3 earnings. Here is a breakdown of the information Opera Limited presented to its investors.

Opera Limited, a prominent developer in the web browser industry, is known for its innovative features and secure browsing solutions across various devices, catering to millions of users worldwide. In its latest quarterly earnings report for Q3 2024, Opera Limited reported a robust 20% increase in revenue, reaching $123.2 million, surpassing previous guidance. Adjusted EBITDA also exceeded expectations, achieving a 30% growth to $30.8 million, with a margin of 25%. The company launched Opera One R2, enhancing AI capabilities and user experience, and revised its full-year revenue and adjusted EBITDA guidance upwards, expecting 19% growth at the midpoint.