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OSLO - Opera Limited (NASDAQ:OPRA), a global browser and AI agent company with a market capitalization of $1.52 billion, announced Friday that Lin Song has assumed the role of sole CEO, effective immediately. Song previously served as Co-CEO alongside James Yahui Zhou, who is stepping down from the position after five years of shared leadership. According to InvestingPro data, the company maintains strong financial health with robust profitability metrics and appears undervalued at current levels.
Zhou will remain with the company as Executive Chairman, according to the company's statement.
Opera, headquartered in Norway, develops mobile and desktop browsers known for their speed, security features, and AI integration. The company was founded in 1995 and is currently listed on the Nasdaq stock exchange.
The leadership change comes as Opera continues to focus on browser technology enhanced with artificial intelligence capabilities. The company reports that hundreds of millions of users worldwide utilize its products.
This announcement was made in a press release statement issued by Opera Limited.
In other recent news, Opera Ltd reported its second-quarter 2025 earnings, surpassing expectations with an adjusted earnings per share (EPS) of $0.26, which was higher than the projected $0.20. The company's revenue also exceeded forecasts, reaching $143 million compared to the expected $137.44 million. This strong performance contributed to Goldman Sachs raising its price target for Opera to $24.50, maintaining a Buy rating due to the company's robust Q2 results and positive Q3 revenue guidance. Additionally, Opera has announced upcoming upgrades to its free browser portfolio, enhancing its artificial intelligence capabilities with faster models and better integration. The company also launched Opera Neon, an AI-powered browser designed for power users, featuring "Tasks" for organizing complex web activities. In collaboration with adMarketplace, Opera introduced AMP Discover, an advertising product that integrates ads into its Aria AI assistant. These recent developments highlight Opera's focus on enhancing its AI offerings and expanding its advertising reach.
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