Brief: Opera Software Q4 revenues in line, core earnings beat forecast

Otello ASA

28/02/2017 05:00

Feb 28 (Reuters) - Opera Software Asa  OPERA.OL  
    * q4 revenues $143.9 million (Reuters poll $145 million) 
    * q4 adjusted ebitda $17.6 million (Reuters poll $11.9 
million) 
    * says adjusted ebitda for company's full fiscal year 2017 
is projected to be in range of $50m to $70m (Reuters poll $71 
million) 
    * says revenue for company's full fiscal year 2017 is 
projected to be in range of $550m to $650m (Reuters poll $611 
million) 
    * Within mobile advertising, Opera expects to generate 
revenue growth from this business in 2017 compared to 2016 
    * Expects to see solid growth in its apps & games business 
in 2017 versus 2016, as Bemobi takes the success in Brazil to a 
global arena 
    * Also believes in the mid to long terms prospects of Rocket 
Optimizer and used 2016 to reorganize and focus the business for 
profitability 
    * Remains positive about the company's overall growth 
prospects 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nObiD6Dgya 
Further company coverage:  OPERA.OL  
 
 (Reporting By Terje Solsvik) 
 ((terje.solsvik@thomsonreuters.com;))