Opera Reports Strong 2025 Financials, Initiates Substantial $300M Share Repurchase Program
OPRA sits 18% above its 52-week low of $11.71.
Summary
Opera Ltd reported strong financial results for 2025, including a 28% revenue increase and a 34% net income rise, alongside the launch of a $300 million share repurchase program and the successful remediation of a material weakness in internal controls.
Key Events · Financing and Capital Events · OPRA
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Strong 2025 Financial Performance
Revenue increased 28% to $614.8 million, net income grew 34% to $108.3 million, and adjusted EBITDA rose 24% to $142.5 million for the fiscal year ended December 31, 2025.
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Substantial $300M Share Repurchase Program Initiated
The Board authorized a new $300 million share repurchase program on February 26, 2026, to be executed over two years, including pro-rata purchases from its majority shareholder, Kunlun. Initial repurchases of $10.9 million were made through March 15, 2026.
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Remediation of Material Weakness in Internal Controls
Management successfully remediated a previously identified material weakness in internal control over financial reporting during 2025, concluding that ICFR was effective as of December 31, 2025.
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Increased Dividends and OPay Investment Gain
The company paid $71.2 million in recurring semi-annual cash dividends in 2025 and recognized an unrealized fair value gain of $36.3 million on its OPay investment.
Analysis · OPRA · Technology
Opera Ltd's 2025 annual report highlights robust financial performance, with significant increases across key metrics. Revenue grew 28% to $614.8 million, net income rose 34% to $108.3 million, and free cash flow from operations jumped 39% to $97.7 million. This strong performance is complemented by the initiation of a substantial $300 million share repurchase program, representing approximately 24% of the company's current market capitalization, signaling strong management confidence and a commitment to shareholder returns. The company also successfully remediated a previously identified material weakness in its internal control over financial reporting, enhancing its governance and compliance profile. While total monthly active users (MAUs) saw a modest decline, this was a result of a strategic shift to prioritize higher-ARPU (average revenue per user) Western markets, which successfully increased annualized ARPU by 26%. The report also notes a significant unrealized fair value gain of $36.3 million on its OPay investment.
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At the time of this filing, OPRA was trading at $13.85 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.2B. 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.