Opera's Q1 Revenue Surges 23% on AI Momentum, Full-Year Outlook Raised
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Opera Ltd. reported robust first-quarter results, with revenue surging 23% year-over-year to $175.77 million, significantly exceeding guidance. The company also raised its full-year 2026 revenue guidance to $727-$740 million, reflecting 18-20% growth, driven by strong advertising and query revenue, and product innovation from its AI initiatives. Adjusted EBITDA for Q1 grew 30% year-over-year to $42 million, also surpassing expectations. This strong performance builds on the positive momentum from Q4 and full-year 2025 results and the ongoing $300 million share repurchase program, under which Opera repurchased $17 million in shares during the quarter. The substantial revenue beat and upward revision of full-year guidance, largely attributed to its successful AI strategy, are highly material and signal strong operational execution and market traction. This news is likely to be a significant positive catalyst for the stock. Traders will be looking for continued execution on the AI strategy and sustained growth in key revenue streams in upcoming quarters.
At the time of this announcement, OPRA was trading at $17.29 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $11.71 to $21.06. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.