Norway's Opera Q4 revenue rises 22% on strong performance in advertising and query

Reuters02-26
Norway's Opera Q4 revenue rises 22% on strong performance in advertising and query

Overview

  • Norway's browser and AI agent firm Q4 revenue rose 22%, exceeding guidance range

  • Adjusted EBITDA for Q4 was $41.9 mln, exceeding guidance range

  • Company announced $300 mln share repurchase program

Outlook

  • Opera anticipates full-year 2026 revenue of $720 - 735 mln

  • Company expects first-quarter 2026 revenue of $169 - 172 mln

  • Opera plans $300 mln share repurchase over two years

Result Drivers

  • ADVERTISING AND QUERY REVENUE - Co attributed Q4 revenue growth to strong performance in advertising and query revenue, particularly from e-commerce and monetization of user intent

  • MINIPAY WALLET EXPANSION - MiniPay wallet saw rapid growth, reaching 13 million activated wallets, enhancing digital financial access

  • AI INTEGRATION - New AI capabilities powered by Google's Gemini models were added to Opera browsers, improving AI features for users

Company press release: ID:nPn7xXLLYa

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

$177.21 mln

Q4 Earnings per ADS

$0.61

Q4 Net Income

$55.71 mln

Q4 Adjusted EBITDA

$41.89 mln

Q4 Operating Cash Flow

$40.21 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the software peer group is "buy"

  • Wall Street's median 12-month price target for Opera Ltd is $24.00, about 92.2% above its February 25 closing price of $12.49

  • The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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