Norway's Opera Q4 revenue rises 22% on strong performance in advertising and query

Opera

26/02/2026 12:27

Overview

Norway's browser and AI agent firm Q4 revenue rose 22%, exceeding guidance range

Adjusted EBITDA for Q4 was $41.9 mln, exceeding guidance range

Company announced $300 mln share repurchase program

Outlook

Opera anticipates full-year 2026 revenue of $720 - 735 mln

Company expects first-quarter 2026 revenue of $169 - 172 mln

Opera plans $300 mln share repurchase over two years

Result Drivers

ADVERTISING AND QUERY REVENUE - Co attributed Q4 revenue growth to strong performance in advertising and query revenue, particularly from e-commerce and monetization of user intent

MINIPAY WALLET EXPANSION - MiniPay wallet saw rapid growth, reaching 13 million activated wallets, enhancing digital financial access

AI INTEGRATION - New AI capabilities powered by Google's Gemini models were added to Opera browsers, improving AI features for users

Company press release: ID:nPn7xXLLYa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$177.21 mln
Q4 Earnings per ADS
$0.61
Q4 Net Income
$55.71 mln
Q4 Adjusted EBITDA
$41.89 mln
Q4 Operating Cash Flow
$40.21 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 $24.00, about 92.2% above its February 25 closing price of $12.49

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 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.)