Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

Norway's Opera Q3 revenue rises on desktop user growth

By Reuters News


Overview

  • Norway browser and AI agent firm's preliminary Q3 revenue rose 20% yr/yr to top end of guidance

  • Preliminary adjusted EBITDA exceeded high end of guidance at $43.2 mln, margin 24%

  • Desktop users reached 100 mln MAUs in October, up 16% yr/yr


Outlook

  • Opera did not provide specific guidance for Q4 or the full year in the press release


Result Drivers

  • DESKTOP USER GROWTH - Co said desktop user base reached 100 mln MAUs in October, up 16% yr/yr, following product releases

  • ADVERTISING REVENUE - CFO said advertising revenue grew 22% yr/yr, fueling strong Q3 results

  • QUERY REVENUE - CFO said query revenue grew 17% yr/yr, contributing to Q3 performance


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$182.80 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 $26.00, about 75.6% above its November 2 closing price of $14.81

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 12 three months ago


Reuters Recommended Reads

  • Nov 3 - Germany's TeamViewer cuts 2026 revenue outlook on enterprise deal delays

  • Nov 2 - Immunovia Q3 net sales surge on PancreaSure uptake

  • Nov 2 - Finland's Aspo Q3 net sales rise 12%


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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.