Brief: Opera Software Q3 earnings below forecast

Otello ASA

10/11/2016 05:34

Nov 10 (Reuters) - Opera Software  OPERA.OL  says: 
    * Q3 revenues $141.8 million (Reuters poll $172 million) 
    * Q3 adjusted EBITDA $14.2 million (Reuters poll $27.2 
million) 
    * Will use $185 million of proceeds from sale of consumer 
business to repay debt and will pay dividend of around NOK 15 
per share in December 
    * Sees 2016 revenues at $570-600 million 
    * Sees 2016 adjusted EBITDA at $60-70 million 
    * Sees negative revenue and adjusted EBITDA impact from 
mobile advertising 
    * Says expects to generate solid revenue growth from Mobile 
Advertising business in 2016 compared to 2015, in particular 
from mobile video advertising 
    * Says expects to see strong growth in its Apps & Games 
business in 2016 vs. 2015 
 
Source text for Eikon:  ID:nObiv2clWa  
Further company coverage:  OPERA.OL  
 
 (Reporting by Joachim Dagenborg) 
 ((joachim.dagenborg@thomsonreuters.com;))