Shares of browser and news services provider Opera (NASDAQ:OPRA) are rising today after the company delivered better-than-expected fourth-quarter numbers.
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Revenue rose 32.5% year-over-year to $96.27 million surpassing expectations by $6 million. EPS at $0.27 too, came in better than estimates by $0.10. During the quarter, Opera GX recorded over 20 million average monthly users and the company’s total user base surged past 324 million.
For 2023, OPRA now sees revenue landing between $370 million and $390 million. Adjusted EBITDA margin is anticipated at 20% at the midpoint.
In a major development, OPRA has now teamed up with OpenAI to bolster its AI-generated content (AIGC) prowess. The move will enable OPRA to integrate AI and generative computing technologies into its offerings.
Shares of the company have been on a tear recently, gaining ~75% over the past six months already.
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