Monday, May 27, 2019 7:09:20 PM
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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Recent OPRA News
- Opera Limited to Announce First Quarter 2024 Financial Results on April 25th, 2024 • PR Newswire (US) • 04/11/2024 12:03:00 PM
- Opera and Google Extend Search Agreement • PR Newswire (US) • 04/03/2024 08:30:00 PM
- Opera becomes the first major browser with built-in access to local AI models • PR Newswire (US) • 04/03/2024 12:25:00 PM
- Opera's new AI browser to soon get even more features through new AI innovation program • PR Newswire (US) • 03/08/2024 11:03:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/29/2024 12:00:27 PM
- Opera Reports Fourth Quarter Ahead of Expectations, Concluding a Year of Strong Growth and Margin Expansion • PR Newswire (US) • 02/29/2024 12:00:00 PM
- Opera Limited to Announce Fourth Quarter 2023 Financial Results on February 29th, 2024 • PR Newswire (US) • 02/21/2024 11:14:00 PM
- Opera deploying a green energy-powered AI data cluster in Iceland with NVIDIA DGX supercomputing • PR Newswire (US) • 02/07/2024 03:29:00 PM
- Opera welcomes the opening of iOS to other browser engines, announces its plans to give iPhone users a true AI-powered alternative to Safari • PR Newswire (US) • 01/26/2024 04:55:00 PM
- Is this the coolest job in the world? Browse the web, achieve Tabfulness, and earn $10,000 for a week on a remote Icelandic island • PR Newswire (US) • 01/23/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/12/2023 12:00:07 PM
- Opera Declares Upcoming Cash Dividend of $0.40 per ADS Under its Recurring Dividend Program • PR Newswire (US) • 12/12/2023 12:00:00 PM
- Opera Launches Updated Lucid Mode and Sunrise-Emulating Wallpapers to Help Users Ward Off Seasonal Sadness • PR Newswire (US) • 12/06/2023 12:24:00 PM
- Eric André and Opera GX bury boring browsers in chaotic rampage • PR Newswire (US) • 11/28/2023 03:42:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/30/2023 01:00:19 PM
- Opera Limited to Hold 2023 Annual General Meeting on December 14, 2023 • PR Newswire (US) • 10/30/2023 01:00:00 PM
- Opera GX Reveals New RGX Update, Enabling Users to Enhance Videos and Images to Premium Quality Without Spending a Cent • PR Newswire (US) • 10/26/2023 01:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/26/2023 11:00:41 AM
- Opera Reports Both Revenue and Adjusted EBITDA Above Guidance in its Third Quarter 2023 Results • PR Newswire (US) • 10/26/2023 11:00:00 AM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 10/19/2023 08:31:41 PM
- Opera Limited to Announce Third Quarter 2023 Financial Results on October 26th, 2023 • PR Newswire (US) • 10/12/2023 11:00:00 AM
- Opera adds a new set of innovative tools to its browser AI, Aria • PR Newswire (US) • 10/10/2023 10:48:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/29/2023 10:07:00 AM
- Form 424B7 - Prospectus [Rule 424(b)(7)] • Edgar (US Regulatory) • 09/29/2023 10:03:00 AM
- Opera Announces Pricing of Secondary Public Offering of American Depositary Shares • PR Newswire (US) • 09/28/2023 11:15:00 PM
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