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Opera Limited

Opera Limited

NASDAQ•OPRA
CEO: Mr. Yahui Zhou
Sector: Communication Services
Industry: Internet Content & Information
Listing Date: 2018-07-27
Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service. It provides Opera Crypto Browser for PCs and mobile; browser-based cashback rewards programs; owns GameMaker Studio, a 2D gaming development platform; and GXC, a gaming portal. In addition, the company operates Opera Ads, an online advertising platform; and offers Web3 and e-commerce services. Opera Limited was founded in 1995 and is headquartered in Oslo, Norway. Opera Limited is a subsidiary of Kunlun Tech Limited.
Contact Information
Vitaminveien 4, Oslo, 0485, Norway
47-2369-2400
www.opera.com
Market Cap
$1.25B
P/E (TTM)
15.4
30
Dividend Yield
5.6%
52W High
$22.50
52W Low
$12.62
52W Range
14%
Rank49Top 53.8%
3.6
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Weak • 3.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2024

Financial Dashboard

Q3 2025 Data

Revenue

$151.94M+23.32%
4-Quarter Trend

EPS

$0.21+5.00%
4-Quarter Trend

FCF

$22.48M-26.98%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Strong Revenue Growth Continues Total Revenue reached $480.6M USD in 2024, marking a 21% increase from 2023, driven by advertising and search growth.
Adjusted EBITDA Rises Adjusted EBITDA grew 23% to $115.3M USD in 2024, maintaining a strong 24% margin, reflecting operational efficiency.
User Monetization Strategy Success Annualized ARPU increased 37% to $1.97 USD in Q4 2024, following strategic focus shift towards Western markets.
Operating Cash Flow Increases Net cash flow from operating activities was $105.0M USD in 2024, a 27% increase, supporting infrastructure investments.

Risk Factors

User Base Growth Challenges Risk of failing to maintain or grow user base size and engagement levels due to intense competition and need for innovation.
AI Technology Liability Exposure Potential liability or reputational harm arising from flawed AI algorithms, biased datasets, or intellectual property claims related to AI use.
Internal Control Not Effective Management concluded internal control over financial reporting was not effective due to incomplete remediation of material weaknesses as of December 31, 2024.
Macroeconomic and Geopolitical Impact Worldwide macroeconomic conditions, inflation, and geopolitical conflicts like the Ukraine war may adversely affect operating results and financial condition.

Outlook

Expanding AI Service Offerings Continued development and deployment of generative AI tools, including the R&D project Browser Operator intended for 2025 release.
Commitment to Shareholder Returns Board adopted recurring semi-annual cash dividend program, paying $0.40 per ADS, intending to continue subject to approval.
Infrastructure Investment Focus Significant 2024 capital expenditure of $30.6M USD, primarily for the new AI data cluster, though similar large investments are not expected soon.

Peer Comparison

Revenue (TTM)

AMC Entertainment Holdings, Inc.AMC
$4.87B
+9.7%
Liberty Latin America Ltd.LILA
$4.43B
-0.8%
fuboTV Inc.FUBO
$1.62B
+1.7%

Gross Margin (Latest Quarter)

Yelp Inc.YELP
90.3%
-0.7pp
AMC Entertainment Holdings, Inc.AMC
75.9%
+10.9pp
Autohome Inc.ATHM
71.4%
-10.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
NN$2.19B-14.44859.9%93.4%
YELP$2.00B13.220.3%2.8%
LILA$1.63B-2.2-75.2%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.4%
Moderate Growth
4Q Net Income CAGR
-13.4%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 26, 2026
|
EPS:$0.33
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 10, 2025|
    Revenue: $480.65M+21.1%
    |
    EPS: $0.91-47.1%
    Beat

  • Form 20-F/A - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 30, 2024|
    Revenue: $396.76M+19.9%
    |
    EPS: $1.72+1128.6%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 24, 2024|Refer to amended data

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 20, 2023|
    Revenue: $331.04M+31.9%
    |
    EPS: $0.14+136.8%
    Miss

  • Form 20-F/A - FY 2021

    Period End: Dec 31, 2021|Filed: Jun 28, 2022|
    Revenue: $250.99M+51.9%
    |
    EPS: $-0.38-125.3%
    Miss

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 26, 2022|Refer to amended data

  • Form 20-F/A - FY 2020

    Period End: Dec 31, 2020|Filed: Jun 28, 2021|
    Revenue: $165.27M-50.6%
    |
    EPS: $1.50+188.5%
    Beat

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Jun 11, 2021|Refer to amended data