Overview

* Opera Q3 revenue grew 23% yr/yr to $151.9 mln

* Adjusted EBITDA for Q3 was $36.3 mln

* Opera raises full-year revenue guidance to $600-603 mln

Outlook

* Opera raises full-year revenue guidance to $600 - 603 mln

* Company expects full-year adjusted EBITDA of $138 - 141 mln

* Opera forecasts Q4 revenue between $162 mln and $165 mln

* Company sees Q4 adjusted EBITDA between $37.5 mln and $40.5 mln

Result Drivers

* ADVERTISING REVENUE - Advertising revenue grew 27% yr/yr to $95.9 mln, driven by strong momentum from e-commerce partners

* QUERY REVENUE - Query revenue increased 17% yr/yr to $55.6 mln, with growth in AI assistant Aria and partner referrals

* PRODUCT LAUNCHES - Launch of Opera Neon and upgraded GX browsers with AI integration to enhance user experience

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $151.93

Revenue mln

Q3 $0.21

Earnings

per ADS

Q3 Net $18.61

Income mln

Q3 $36.28

Adjusted mln

EBITDA

Q3 $28.45

Operatin mln

g Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Opera Ltd ( OPRA ) is $24.00, about 35.3% above its October 28 closing price of $15.52

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)