Opera Limited Expects FY24 Revenue Of $461M-$467M (Prior $454M-$465M) Vs $459.8M Est
Portfolio Pulse from Benzinga Newsdesk
Opera Limited has updated its revenue guidance for FY24 to $461M-$467M, slightly above previous estimates and analyst expectations. The company also projects an adjusted EBITDA of $110M-$113M, indicating a 24% margin.
August 22, 2024 | 11:06 am
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Opera Limited has increased its FY24 revenue guidance to $461M-$467M, which is above previous guidance and analyst estimates. The company also expects an adjusted EBITDA of $110M-$113M, reflecting a 24% margin.
The increase in revenue guidance suggests stronger than expected business performance, which is likely to positively impact investor sentiment and the stock price in the short term. The adjusted EBITDA projection also indicates healthy profitability.
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