Opera Outperforms Q2 Expectations, Raises Outlook

Opera (OPRA) has released an update.

Opera Limited reported a robust performance for the second quarter of 2024 with a 17% year-over-year revenue increase to $109.7 million, exceeding expectations and prompting an upward revision of their full-year outlook. Adjusted EBITDA reached $26.6 million at a 24% margin, surpassing guidance ranges. This financial success is attributed to the launch of Opera One on iOS and ongoing innovation, alongside solid monetization through advertising and search revenue growth.

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