Opera's Q4 Earnings Highlight: Revenue Up 17% With Strong User Growth
Portfolio Pulse from Anusuya Lahiri
Opera Limited (NASDAQ:OPRA) reported a 17% year-on-year increase in Q4 fiscal 2023 revenue to $113.00 million, surpassing the consensus of $112.2 million. EPS per ADS was $1.38, beating the consensus of $0.23, leading to a stock price gain. Monthly active users reached 313 million, with the Opera GX browser user base at 27.8 million, up 7% Q/Q. Search revenue grew by 15% Y/Y to $44.7 million, and advertising revenue increased by 20% Y/Y to $67.8 million. Operating expenses rose by 10% Y/Y, but the adjusted EBITDA margin improved by 90 bps to 24.6%. Opera held $93.9 million in cash and equivalents and generated $25.3 million in operating cash flow. The company expects fiscal 2024 revenue of $450 million to $465 million. OPRA shares were up 2.04% at $11.86.
February 29, 2024 | 4:43 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Opera Limited reported a significant 17% increase in Q4 revenue and a substantial beat on EPS, leading to a stock price increase. The company also forecasts strong revenue growth for fiscal 2024.
Opera's Q4 earnings report exceeded expectations in both revenue and EPS, indicating strong financial health and operational efficiency. The positive outlook for fiscal 2024 and the increase in monthly active users suggest continued growth, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100