Opera Exceeds Q4 & Full-Year 2025 Expectations, Issues Strong 2026 Guidance, and Authorizes Substantial $300M Share Repurchase Program
OPRA sits 22% above its 52-week low of $11.71.
Summary
Opera Ltd. reported Q4 and full-year 2025 results that exceeded expectations, provided strong 2026 guidance, and announced a significant $300 million share repurchase program.
Key Events · Earnings and Guidance · OPRA
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Exceeded Q4 and Full-Year 2025 Financial Guidance
Opera reported Q4 2025 revenue of $177.2 million (up 22% year-over-year) and adjusted EBITDA of $41.9 million (up 27%), both surpassing prior expectations. Full-year 2025 revenue grew 28% to $614.8 million, with adjusted EBITDA reaching $142.5 million.
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Issued Strong 2026 Financial Guidance
The company initiated full-year 2026 guidance, anticipating revenue between $720 million and $735 million (17-20% growth) and adjusted EBITDA of $167 million to $172 million, maintaining a strong 23% margin.
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Authorized Major $300 Million Share Repurchase Program
Opera's Board of Directors approved a share repurchase program of up to $300 million over a two-year period. This program will include pro-rata repurchases from public shareholders and its majority shareholder, complementing the existing recurring dividend program.
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Continued Product and User Growth
Opera reported 284 million average monthly active users (MAUs) in Q4 2025, with annualized average revenue per user (ARPU) increasing 26%. The Opera GX gaming browser reached 34 million MAUs, and MiniPay wallet saw explosive growth to 13 million activated wallets.
Analysis · OPRA · Technology
Opera Ltd. delivered robust financial results for Q4 and full-year 2025, surpassing its own guidance for both revenue and adjusted EBITDA. This strong performance is complemented by an optimistic outlook for 2026, projecting continued double-digit revenue growth and healthy adjusted EBITDA margins. The most significant announcement is the authorization of a $300 million share repurchase program over two years, which represents a substantial commitment to returning capital to shareholders and signals strong management confidence in the company's future cash generation and valuation. This program, alongside the existing dividend, indicates a shareholder-friendly capital allocation strategy. Investors should view this filing as a strong positive signal regarding the company's operational execution and financial health.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 40.7% of the 388 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.42%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OPRA was trading at $14.34 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $11.71 to $21.06. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.