Norway's Opera Q2 revenue jumps; full-year outlook lifted

Opera

19/08/2026 12:22

Overview
Norway browser and AI platform's Q2 revenue rose 25% yr/yr, driven by advertising and query growth
Adjusted EBITDA for Q2 grew 32% yr/yr to $42.4 mln, margin reached 24%
Company raised full-year 2026 revenue and adjusted EBITDA guidance

Outlook
Opera sees Q3 2026 revenue of $181–183 mln and adjusted EBITDA of $41–43 mln
Company raises full-year 2026 guidance to $734–742 mln revenue and $172–175 mln adjusted EBITDA
Opera expects 2026 adjusted EBITDA margin of 24% and 19–21% revenue growth

Result Drivers
ADVERTISING GROWTH - Co said advertising revenue rose 27% yr/yr, led by strong momentum from e-commerce partners
QUERY REVENUE - Query revenue increased 21% yr/yr, benefiting from strong search performance and broader opportunities to address user queries
USER ENGAGEMENT - Co reported higher user engagement, with average monthly active users at 288 mln and ARPU up 25% yr/yr to $2.46

Company press release: ID:nPn36YyfJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$178.07 mln
 
Q2 Earnings per ADS
 
$0.30
 
Q2 Net Income
 
$27.55 mln
 
Q2 Adjusted EBITDA
 
$42.43 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 33.3% above its August 18 closing price of $19.51
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

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.)