Opera Limited Reports Strong Q1 2025 Growth

Opera Limited ( (OPRA) ) has released its Q1 earnings. Here is a breakdown of the information Opera Limited presented to its investors.

Opera Limited, a prominent browser developer and internet consumer brand, has reported significant financial growth in the first quarter of 2025, showcasing its strong position in the tech industry. The company, known for its innovative web browsers, continues to expand its reach and capabilities in the digital space.

In the first quarter of 2025, Opera Limited achieved a remarkable 40% increase in revenue, reaching $142.7 million, which surpassed its initial guidance. The company’s adjusted EBITDA also exceeded expectations, with a 23% margin and a total of $32.3 million. This financial performance has led Opera to raise its full-year guidance for both revenue and adjusted EBITDA.

Key financial highlights include a 63% year-over-year growth in advertising revenue, which now constitutes 67% of the total revenue. Search revenue also saw an 8% increase, contributing to 33% of the total revenue. Opera’s average monthly active users reached 293 million, with a significant rise in annualized average revenue per user. The company also launched new products like Opera Air and the agentic Browser Operator, enhancing its product offerings.

Despite the impressive revenue growth, Opera experienced a 49% decline in net cash flow from operating activities, attributed to working capital changes. However, the company maintained a strong cash position with $103.5 million in cash and cash equivalents at the end of the quarter.

Looking ahead, Opera Limited remains optimistic about its growth trajectory, with increased full-year guidance reflecting its strong first-quarter performance. The company is well-positioned to capitalize on its diversified geographic footprint and innovative product offerings as it navigates the evolving market landscape.