# OPRA earnings call intelligence

LOPJLB CallCard / temporal rollup · freemium · [stock page](https://www.lopjlb.com/stock/OPRA) · [Earnings tab](https://www.lopjlb.com/stock/OPRA?tab=earnings)

Updated: 2026-08-19T06:58:03

Quarters analyzed: 8

## Cross-quarter narrative

Across 8 calls for OPRA, management tone moved from +0.70 (2024 Q2) to +0.00 (2026 Q1). Latest guidance stance: vague. Latest desk line: n/a

## Latest CallCard · Q1

**Guidance:** vague

**Tone:** mgmt 0 · Q&A pressure 0 · divergence 0

## Quarter one-liners

- **2026 Q1:** —
- **2025 Q4:** Opera posted 22% Q4 revenue growth, beat guidance, launched Neon and MiniPay, saw strong e‑commerce and query revenue, and guided 2026 revenue $720‑735M with a $300M share buyback.
- **2025 Q3:** Opera Q3 revenue $152M (+23% YoY) beats guidance, raises FY25 to $600-603M (+25%); launches premium AI browser Neon, MiniPay wallets >10.5M, GX at 33M users.
- **2025 Q2:** Opera beat Q2 guidance with 30% revenue growth, raised full-year outlook for second time, and advances AI browser Neon and stablecoin wallet MiniPay toward fall launches.
- **2025 Q1:** Opera Q1 2025: Revenue $143M (+40% YoY), adj EBITDA $32M (23% margin), raised FY25 revenue guidance to $567-582M (+20% YoY), strong e-commerce advertising growth, launched browser operator AI agentic browsing.
- **2024 Q4:** Opera beat Q4 guidance with 29% YoY revenue growth (vs 21% guided), driven by 38% ad revenue growth and 17% search growth; guiding 29% YoY in Q1 2025, initial 2025 guidance 17% YoY on higher base.
- **2024 Q3:** Opera Q3 revenue $123M (+20% YoY), ARPU +27% to $1.66, adj EBITDA 25% margin; raised full-year guidance; strong e-commerce/travel ads, iOS growth in EU, Opera One R2 and GX next-gen launches driving Q4 marketing step-up.
- **2024 Q2:** Opera Q2 beat expectations with 17% revenue growth to $110M, 24% adj EBITDA margin, 25% ARPU growth; raised FY guidance to $461-467M revenue and $110-113M adj EBITDA, driven by e-commerce, DMA tailwinds, GX growth, and AI integration.

## Theme arcs

- **Management tone** (deteriorating): Δ mgmt=-0.70

## Fear persistence

- **fx headwinds** [recurring]: 2024 Q2, 2025 Q2
- **dma implementation uncertainty** [resolved]: 2024 Q2
- **backloaded marketing spend** [resolved]: 2024 Q2
- **ai monetization uncertainty** [resolved]: 2024 Q2
- **competition from large browsers** [resolved]: 2024 Q2
- **emerging market arpu sustainability** [resolved]: 2024 Q2
- **regulatory changes** [resolved]: 2024 Q2
- **search partnership dependence** [resolved]: 2024 Q2
- **advertising growth sustainability** [resolved]: 2024 Q4
- **search displacement by ai chatbots** [resolved]: 2024 Q4

## Guidance path

2024 Q2:raised → 2024 Q3:raised → 2024 Q4:raised → 2025 Q1:raised → 2025 Q2:raised → 2025 Q3:raised → 2025 Q4:maintained → 2026 Q1:vague

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Research context only. Not personalized investment advice.

API: `GET /bff/api/bigfive/earnings-intel/OPRA`