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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.)

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