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$OPRA Very Bullish pattern establishing in Opera ltd
From a charting perspective NASDAQ:OPRA is starting to look very attractive.
After a initial IPO sell off the stock has formed a base and is now stepping its way back up on good volume .
RSI , MACD , and the OBV are very positive.
Price has bullishly broken the cloud resistance.
Please also take into account the earnings release from May22nd, below is a transcript of the CEO comments within the call in which he outlines the BEAT and also RAISES guidance
"Let me now get into the quarter and guidance and then we will open it up for questions. Opera had a record revenue quarter reaching $51.3 million, up 30% versus the year ago quarter. Search revenue represented 40% of the total or $20.6 million, up 2% year-over-year or up 5% on a constant currency basis. As communicated over the past year, while we expect Search to continue to grow, we expect it to become the smaller share of our revenue over time. Search is already a pretty well optimized revenue source for us with the revenue as a function of our search partners monetization as well as our own browser user base footprint.
Advertising revenue was 29% of the total or $14.1 million, up 10% year-over-year. This growth was driven by increased user numbers as we have been prioritizing user growth over monetization."
Fin-tech revenue, which is a new revenue category, represented 13% of total revenue or $6.5 million. This scaled significantly from the fourth quarter when we acquired OKash and we expect it to be a growing percentage of revenue going forward. Retail revenue represented 13% of total or $6.8 million, in other words, quite stable versus last quarter.
With that said, we are raising our expectation for 2019 revenue. Our increased range is $230 million to $240 million representing year-over-year growth of 34% to 39%. This compares to our prior range of $220 million to $230 million, and for now reflects moderate increases in monetization, limited gains from browser product initiatives, and finally some contribution from taking micro lending to new markets. We are also guiding for adjusted EBITDA between $30 million to $45 million for the year."
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6
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Posts (Total)
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23
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Created
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07/27/18
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Free
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We care about the internet, about open standards, and about people. We love to innovate. We enjoy uncovering the new, the unexpected. We believe that new technologies and simplicity are one side of the coin, and a beautiful design is the language our user-friendly products speak. We admire and are inspired by the people who go the extra mile and never stop. That’s who we are.
Opera was founded in 1995 in Norway on the idea that everyone would browse the web on any device. For more than 20 years our browsers have been helping millions of people access the internet to read, create, laugh, and play. We continued to make our browsers smaller and faster and pioneered innovations such as tabs or speed dial, which have since become something we find in all web browsers.
It’s a great privilege and responsibility but also a lot of fun to keep delivering cutting-edge internet browsers to 320 millions of people. We are a Norwegian company with headquarters in Oslo, Norway, and branches and offices in Poland, Sweden and China.
In 2016 we opened a new chapter in our history and focused our core business around browsers and content discoverability apps. Today, we are one of the world’s leading browser providers and a pioneer in the field of integrated AI-driven digital content discovery and recommendation platforms.
We make web browsers for mobile phones and PCs. Our products include the Opera browser for computers (Windows, iOS and Linux) as well as the mobile apps: Opera for Android, Opera Mini (Android and iOS), Opera Touch and Opera News.
https://www.opera.com/
