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OSLO - Opera Limited (NASDAQ:OPRA) saw its shares climb 2% after the web browser developer reported fourth-quarter results that exceeded analyst expectations and provided an upbeat outlook for 2025.
The company posted adjusted earnings per share of $0.28, surpassing the consensus estimate of $0.25. Revenue for the quarter came in at $145.83 million, beating analyst projections of $137.66 million and representing a 29% YoY increase.
Opera’s advertising revenue, which accounted for 64% of total revenue, grew 38% YoY to $93.3 million. Search revenue increased 17% to $52.3 million.
Looking ahead, Opera forecast first-quarter 2025 revenue between $130-133 million, above the $121.4 million consensus. For the full year 2025, the company expects revenue of $555-570 million, also topping analyst estimates of $547.1 million.
"We enter 2025 with recently released versions of our flagship products, and with healthy user base trends, paired with a continuation of the elevated revenue growth trajectory into the first quarter," said co-CEO Lin Song.
Opera reported 296 million average monthly active users in Q4, stable compared to Q3. Its gaming browser, Opera GX, saw user growth of 22% YoY to 33.9 million average monthly active users.
The company’s adjusted EBITDA rose 19% YoY to $33 million in Q4, representing a 23% margin. Opera also declared a semi-annual dividend of $0.40 per share, paid in January.
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