The earnings call presented a strong start to 2025 with record revenue growth, significant advertising and e-commerce performance, and innovative product launches. However, there were some concerns regarding the slowdown in search revenue growth, stable yet declining MAU numbers, and a slight decrease in GX ARPU.

Company Guidance

During the Opera Limited First Quarter 2025 Earnings Call, the company reported impressive financial results that exceeded expectations. The company achieved a 40% year-over-year revenue growth, surpassing its previous guidance range of 28% to 31%. This translated to a record revenue of $143 million for the first quarter. Advertising revenue, which grew by 3% and reached $96 million, accounted for two-thirds of total revenue, with e-commerce being the fastest-growing vertical at over 100% annualized growth. Search revenue also saw an 8% increase to $47 million. Adjusted EBITDA was reported at $32 million, with a margin of 23%, highlighting the company’s ability to accelerate top-line growth without sacrificing profitability. The user base remained stable at 293 million monthly active users (MAUs), and annualized ARPU grew by 44% year-over-year. Opera also highlighted the successful product launches and updates, including AI implementations in its browsers. Looking ahead, Opera raised its full-year revenue guidance to $567 million to $582 million, reflecting a 20% annual growth at the midpoint, and adjusted EBITDA guidance to $135 million to $140 million. The company expects continued growth in both advertising and e-commerce, despite potential macroeconomic challenges.

Record Revenue Growth

Year-over-year revenue growth increased from 29% in Q4 2024 to 40% in Q1 2025, surpassing the previously guided range of 28% to 31%. This resulted in a record first-quarter revenue of $143 million.

Advertising Revenue Surge

Advertising revenue grew 3% in Q1, reaching $96 million and now represents two-thirds of total revenue. E-commerce was the fastest-growing vertical with over 100% annualized growth.

Strong EBITDA and Profitability

Adjusted EBITDA was $32 million, exceeding the high end of previously issued guidance, with a corresponding margin of 23%.

Innovative Product Launches

Opera became the first major browser to present AI agentic browsing through the browser operator, showcasing its ability to perform tasks like travel bookings and online purchases. Opera Air was also launched, targeting users in Western markets.

Significant ARPU Increase

Annualized ARPU grew 44% year-over-year, reflecting successful monetization strategies.

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Opera (OPRA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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OPRA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 21, 2025	2025 (Q2)	0.20 / -	0.22	―	―	―
Apr 28, 2025	2025 (Q1)	0.20 / 0.20	0.17	17.65% (+0.03)
Feb 27, 2025	2024 (Q4)	0.23 / 0.32	1.38	-76.81% (-1.06)
Oct 29, 2024	2024 (Q3)	0.21 / 0.20	0.201	-0.50% (>-0.01)
Aug 22, 2024	2024 (Q2)	0.17 / 0.22	0.201	9.45% (+0.02)
Apr 25, 2024	2024 (Q1)	0.16 / 0.17	0.195	-12.82% (-0.02)
Feb 29, 2024	2023 (Q4)	0.23 / 1.38	0.14	885.71% (+1.24)
Oct 26, 2023	2023 (Q3)	0.17 / 0.20	0.1	101.00% (+0.10)
Aug 24, 2023	2023 (Q2)	0.17 / 0.20	-0.03	770.00% (+0.23)
Apr 27, 2023	2023 (Q1)	0.14 / 0.20	-0.05	490.00% (+0.24)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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OPRA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 28, 2025	$15.53	$16.53	+6.44%
Feb 27, 2025	$18.36	$17.98	-2.07%
Oct 29, 2024	$16.53	$18.20	+10.10%
Aug 22, 2024	$12.58	$14.22	+13.04%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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