Opera Outperforms Q2 Expectations, Raises Outlook
Company Announcements

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.

For further insights into OPRA stock, check out TipRanks’ Stock Analysis page.

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