Opera Ltd. (OPRA) saw its shares surge 5.14% in pre-market trading on Friday, following the company's impressive fourth-quarter 2024 results and positive outlook for 2025. The stock's rally was fueled by Opera's strong financial performance, successful launch of new AI-powered browser products, and robust growth in its advertising business.
In its Q4 2024 earnings report, Opera delivered a 29% year-over-year increase in revenue, exceeding its own guidance. This impressive growth was driven primarily by a 38% jump in advertising revenue, fueled by strong e-commerce opportunities and the company's efficient ad tech platform. Additionally, Opera's search revenue also grew by 17% year-over-year, contributing to the overall revenue outperformance.
Opera's successful integration of generative AI into its browser offerings has been a key catalyst for the company's recent success. During the quarter, Opera launched its AI-powered browsers, Opera R2 and Opera One, which were well-received by users and the tech community alike. These new products leverage AI to enhance browser efficiency, improve user interaction, and optimize ad targeting, positioning Opera as a leading innovator in the AI-driven browser space.
Comments