The earnings call presented a predominantly positive outlook with strong revenue growth, significant increases in advertising and search revenues, and successful product launches such as MiniPay. There are some challenges, such as tariff-related headwinds and the need for localization in new markets, but these are largely offset by the company's achievements and raised guidance.

Company Guidance

During the Opera Limited Q2 2025 earnings call, the company reported a significant year-over-year revenue growth of 30%, surpassing their guidance of 22% to 26% and well above the 17% growth recorded in the second quarter of the previous year. Advertising revenue saw a 44% increase, reaching $93 million, with e-commerce being the fastest-growing vertical, expanding over 100% year-over-year despite tariff uncertainties. Search revenue also experienced a resurgence, increasing by 11% to $50 million. The company achieved an adjusted EBITDA of $32 million, exceeding the high end of their guidance range. Additionally, Opera Limited provided an updated guidance for the entirety of 2025, projecting revenue between $585 million and $597 million, equating to a growth of 22% to 24% over 2024. They also raised their adjusted EBITDA guidance to between $136 million and $140 million, reflecting a margin of 23.4% at the midpoint. The call emphasized the strategic importance of their AI-driven browser, Opera Neon, and their stablecoin-based wallet, MiniPay, which has reached 9 million activated wallets.

Strong Revenue Growth

Year-over-year revenue growth of 30%, surpassing guidance of 22% to 26% and marking the 17th straight quarter as a Rule of 40 company.

Advertising Revenue Increase

Advertising revenue grew 44% year-over-year to $93 million, with e-commerce as the fastest-growing vertical, continuing to grow over 100% year-over-year.

Search Revenue Recovery

Search revenue returned to double-digit growth, up 11% year-over-year to $50 million, benefiting from a user base shift to higher ARPU regions.

Opera GX User Growth

Opera GX user base increased by 11% year-over-year to 33 million MAUs with an annualized ARPU of $3.47.

MiniPay Success

MiniPay reached 9 million activated wallets and exceeded 250 million transactions, becoming one of the fastest-growing non-custodial wallets globally.

Positive Financial Results

Adjusted EBITDA was $32 million, above guidance, with $33 million in operating cash flow representing 103% of adjusted EBITDA.

Guidance Increase

Raised 2025 revenue guidance to $585 million to $597 million, reflecting 22% to 24% growth over 2024, with expectations for margin expansion.

Opera (OPRA) Earnings, Revenues Date & History

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OPRA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.22 / -	0.2	―	―	―
Aug 19, 2025	2025 (Q2)	0.20 / 0.17	0.22	-22.73% (-0.05)
Apr 28, 2025	2025 (Q1)	0.21 / 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)

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

OPRA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 19, 2025	$17.01	$16.17	-4.94%
Apr 28, 2025	$15.22	$16.20	+6.44%
Feb 27, 2025	$17.99	$17.62	-2.06%
Oct 29, 2024	$16.20	$17.84	+10.12%

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.