Opera Exceeds Q4 & Full-Year 2025 Expectations, Issues Strong 2026 Guidance, and Authorizes Substantial $300M Share Repurchase Program

summarizeSummary

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.

check_boxKey Events

• 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.

• 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.

• 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.

• 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.

auto_awesomeAnalysis

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.