Opera Limited Announces Strong Financial Results for Q3 2024
Revenue and Adjusted EBITDA Exceed Guidance
OSLO, Norway, Oct. 29, 2024 /PRNewswire/ — Opera Limited (NASDAQ: OPRA) has reported impressive financial results for the third quarter of 2024, with revenue growing by 20% year-over-year to $123.2 million. In addition, adjusted EBITDA reached $30.8 million, marking a 25% margin and exceeding the guidance range. This strong performance was driven by the successful launch of Opera One R2, an updated version of Opera’s flagship browser that brought improvements to AI, tab management, and multimedia.
Opera Limited’s decision to raise both revenue and adjusted EBITDA full-year guidance reflects their confidence in continued growth, with a projected 19% year-over-year growth at the midpoint. This increase in expectations highlights the company’s commitment to innovation and delivering value to its users and advertising partners.
How Will This News Impact Me?
As a user of Opera’s web browser, you can expect to benefit from the enhanced features and functionalities introduced in Opera One R2. The improved AI capabilities, streamlined tab management, and enhanced multimedia experience will contribute to a more efficient and enjoyable browsing experience for you.
How Will This News Impact the World?
Opera Limited’s strong financial results and strategic decision to raise guidance demonstrate the company’s momentum and competitiveness in the global browser market. This success not only positions Opera as a key player in the industry but also signals potential advancements and innovations that could shape the future of internet browsing for users worldwide.
Conclusion
In conclusion, Opera Limited’s impressive financial performance in Q3 2024 underscores the company’s growth trajectory and commitment to delivering cutting-edge browser solutions. With the launch of Opera One R2 and raised full-year guidance, Opera is well-positioned to continue driving innovation and value for both its users and partners in the digital ecosystem.
