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OSLO -On Monday Opera Limited (NASDAQ:OPRA) reported strong first quarter results that exceeded analyst estimates.
The company’s shares were up 3.09% in premarket trading following the results.
The web browser developer saw revenue surge 40% year-over-year to $142.7 million, well above the consensus forecast of $121.45 million.
Adjusted earnings per share came in at $0.27, beating expectations of $0.22. The company’s advertising revenue grew 63% YoY to $95.6 million, representing 67% of total revenue. Search revenue increased 8% to $46.6 million.
"Our growth acceleration continued in the first quarter of 2025, leading to both revenue and profitability outperformance well beyond our guidance ranges," said co-CEO Lin Song.
Opera raised its full-year 2025 revenue guidance to $567-582 million, up from its previous outlook and above analyst estimates of $566.6 million. For Q2, the company expects revenue of $134-138 million.
The strong results were driven by continued scaling of revenue from both Opera’s browser products and its Opera Ads platform. The company reported 293 million average monthly active users in Q1, with annualized average revenue per user rising 45% YoY to $1.94.
"With 40% revenue growth at the high-end of the expected profitability margin, the first quarter of 2025 truly demonstrated the underlying performance potential of our monetization capabilities," said CFO Frode Jacobsen.
Opera’s adjusted EBITDA grew 29% YoY to $32.3 million, representing a 23% margin. The company ended the quarter with $103.5 million in cash and cash equivalents.
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