AI Chatbot 'Aria' Powers Opera Q2 Earnings, Set for Q3 Roll-Out to Opera GX, But Stock Drops After Earnings Miss
Portfolio Pulse from Anusuya Lahiri
Opera Limited reported Q2 FY23 revenue growth of 21% YoY to $94.13 million, beating consensus estimates. However, its adjusted EPS of $0.15 missed the consensus of $0.16, leading to a 5.10% drop in premarket trading. The company also announced the roll-out of its AI chatbot 'Aria' to Opera GX in Q3.
August 24, 2023 | 12:38 pm
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Opera Limited's Q2 earnings beat revenue estimates but missed on EPS, causing a drop in its stock price. The upcoming roll-out of 'Aria' to Opera GX could potentially drive user growth.
Opera Limited's Q2 earnings report showed a revenue beat but an EPS miss, which likely contributed to the drop in its stock price. The company's announcement of the roll-out of its AI chatbot 'Aria' to Opera GX in Q3 could potentially drive user growth and positively impact future earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100