Brief: Opera Q3 top line down 20 pct after weak quarter for Adcolony

Otello ASA

23/11/2017 06:04

Nov 23 (Reuters) - Opera Software Asa  OPERA.OL  
    * Q3 adjusted ebitda $7.9 million versus $11.9 million in 
Q3 
2016 (Reuters poll $7.4 million) 
    * Q3 revenue $108.7 million versus $136 million in Q3 2016 
(Reuters poll $114 million) 
    * Says revenue down 20 percent due to decline in revenue 
from 
AdColony. This was partly offset by growth in Bemobi, SurfEasy 
and Skyfire 
    * Expects Adcolony revenue in 2h17 to be slightly lower 
compared 
to 1h17 
    * Expects to see revenue growth in Bemobi in 2017 versus 
2016 
    * Aims to make skyfire profitable in 2017 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nObiSG2Hca 
Further company coverage:  OPERA.OL  
 
 (Reporting By Joachim Dagenborg) 
 ((joachim.dagenborg@thomsonreuters.com;))