Opera Q3 revenue up 23%, raises guidance

Opera

29/10/2025 11:24

Overview

Opera Q3 revenue grew 23% yr/yr to $151.9 mln

Adjusted EBITDA for Q3 was $36.3 mln

Opera raises full-year revenue guidance to $600-603 mln

Outlook

Opera raises full-year revenue guidance to $600 – 603 mln

Company expects full-year adjusted EBITDA of $138 - 141 mln

Opera forecasts Q4 revenue between $162 mln and $165 mln

Company sees Q4 adjusted EBITDA between $37.5 mln and $40.5 mln

Result Drivers

ADVERTISING REVENUE - Advertising revenue grew 27% yr/yr to $95.9 mln, driven by strong momentum from e-commerce partners

QUERY REVENUE - Query revenue increased 17% yr/yr to $55.6 mln, with growth in AI assistant Aria and partner referrals

PRODUCT LAUNCHES - Launch of Opera Neon and upgraded GX browsers with AI integration to enhance user experience

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$151.93 mln
Q3 Earnings per ADS
$0.21
Q3 Net Income
$18.61 mln
Q3 Adjusted EBITDA
$36.28 mln
Q3 Operating Cash Flow
$28.45 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 35.3% above its October 28 closing price of $15.52

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nPn30xbXra

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(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.)