Opera Limited
- Open
- 18.30
- Day high
- 18.73
- Day low
- 18.05
- Prev close
- 18.62
- Volume
- 26K
- Mkt cap
- $1.7B
- P/E (TTM)
- 14.4
- EPS (TTM)
- $1.28
- P/B
- 1.7
- P/S
- 2.6
- Yield
- 4.28%
- Per share
- $0.79
- ▼Insiders net selling -$2.6M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions mixed (13F)
Opera Limited (OPRA) is a Communication Services company listed on NASDAQ. The stock is up 6% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4).
Opera Limited (OPRA) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
OPRA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $0.26 | $0.27 | +4.9% | $176M | +2.8% |
| Aug 19, 2025 | — | $0.17 | — | $143M | — |
| Feb 27, 2025 | $0.28 | $0.32 | +14.3% | $143M | +3.5% |
| May 29, 2024 | — | $0.22 | — | $110M | — |
| Dec 30, 2023 | — | $1.20 | — | $113M | — |
| Jun 30, 2023 | — | $0.15 | — | $94M | — |
| Oct 27, 2022 | $0.11 | $0.10 | -9.1% | $85M | +4.1% |
| Jun 30, 2022 | — | $-0.05 | — | $78M | — |
| Feb 17, 2022 | $0.09 | $-0.68 | -855.6% | $73M | +2.3% |
| Oct 28, 2021 | — | $0.26 | — | $67M | +4.0% |
| Aug 12, 2021 | — | $0.38 | — | $60M | — |
| Nov 19, 2020 | $0.07 | $0.08 | +14.3% | $50M | -23.7% |
OPRA insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 22, 2026 | Song Lindirector, officer: Chief Executive Officer | Sell | 25,600 | $18.88 |
| Jun 22, 2026 | Song Lindirector, officer: Chief Executive Officer | Sell | 44,400 | $18.52 |
| Jun 22, 2026 | Jacobsen Frodeofficer: Chief Financial Officer | Sell | 25,600 | $18.88 |
| Jun 22, 2026 | Jacobsen Frodeofficer: Chief Financial Officer | Sell | 44,400 | $18.52 |
Source: OPRA SEC Form 4 filings, latest Jun 22, 2026. For informational purposes only — not investment advice.
See the full OPRA insider & 13F page →Opera Limited company profile
Overview
Opera Limited (NASDAQ:OPRA) is a Norwegian web browser company founded in 1995 that has evolved from a traditional PC browser developer into a diversified internet services company. Originally known for its innovative Opera web browser, the company went public on NASDAQ in 2018 and is currently a subsidiary of Chinese technology conglomerate Kunlun Tech Limited. Today, Opera operates multiple browser products across PC and mobile platforms while expanding into artificial intelligence, gaming, and digital advertising services. The company has positioned itself as an AI-powered browser innovator, targeting high-value users in Western markets while maintaining a global user base of approximately 293 million monthly active users.
Business
Opera operates in the competitive web browser and digital advertising industry, providing internet browsing software and related services across multiple platforms. The company's core business revolves around web browsers - software applications that allow users to access and navigate websites on the internet. Unlike dominant players like Google Chrome or Apple Safari, Opera focuses on feature-rich, customizable browsing experiences with integrated AI capabilities. The company operates through two primary business segments. The Browser and News segment represents approximately 100% of revenue and includes several distinct products: Opera for Computers (the traditional PC browser), Opera One (the next-generation AI-integrated browser), Opera GX (a gaming-focused browser with 34 million users), mobile browsers including Opera Mini and Opera for Android/iOS, and Opera News (an AI-powered news aggregation service). The company also offers Opera Air, a mindfulness-focused browser, and maintains GameMaker Studio, a 2D game development platform. Opera generates revenue through two primary channels: search partnerships (approximately 35% of revenue) and digital advertising (approximately 65% of revenue). The search revenue comes from partnerships with search engines like Google, where Opera receives a share of revenue when users conduct searches through their browsers. The advertising revenue includes display advertising, e-commerce partnerships, and performance-based advertising through their Opera Ads platform, which helps advertisers reach Opera's user base across different geographic markets and demographics.
Competitive moat
Opera's competitive moat is relatively narrow but has been strengthening through strategic positioning and product differentiation. The company's primary defensive advantages include its specialized user communities, particularly the Opera GX gaming browser which has cultivated a loyal base of 34 million gamers with an annualized revenue per user of $3.58. This gaming-focused positioning creates switching costs and community effects that larger browsers cannot easily replicate. The company's AI integration capabilities represent an emerging moat, with their Aria AI assistant and "agentic browsing" features providing differentiated functionality compared to mainstream browsers. Their Iceland-based AI infrastructure and partnerships with AI providers give them technical capabilities that smaller competitors lack. Additionally, Opera benefits from regulatory tailwinds, particularly the European Union's Digital Markets Act, which has increased user awareness of browser alternatives and driven 63% growth in new iOS users in EU markets. However, Opera faces significant competitive threats. Big Tech dominance remains the primary challenge, with Google Chrome, Apple Safari, and Microsoft Edge controlling the vast majority of browser market share through default installations and ecosystem integration. These companies can afford to operate browsers at a loss while Opera must generate profits. Platform dependency also creates vulnerability, as changes to iOS, Android, or search partnership terms could materially impact Opera's business. The company's relatively small scale (293 million users versus Chrome's billions) limits its bargaining power with advertisers and partners. While Opera has carved out profitable niches, particularly in gaming and AI-enhanced browsing, its moat remains narrow and requires continuous innovation to maintain differentiation against well-funded competitors.
Risks & safety
Opera demonstrates a strong financial safety profile with minimal solvency risk and attractive valuation metrics. Liquidity and Debt Position: • Cash and short-term investments: $103.5 million (Q1 2025) • Minimal debt with debt-to-equity ratio of just 1.0% • Strong current ratio of 2.17x indicating excellent short-term liquidity • Positive free cash flow of $16.0 million in Q1 2025 and $81.6 million for full year 2024 • No significant cash burn concerns with profitable operations Valuation Metrics: • Price-to-earnings ratio: 9.7x (Q1 2025) - attractive relative to growth rate • Price-to-book ratio: 0.77x - trading below book value • EV/EBITDA: 13.1x - reasonable for a growing technology company • Graham number suggests potential undervaluation Other Considerations: • Consistent profitability with 20% net income margin • Revenue growth of 40% year-over-year in Q1 2025 • Strong EBITDA margins above 23% • Minimal capital expenditure requirements for software business • Diversified revenue streams reducing single-point-of-failure risk
Recent development
Over the past few years, Opera has undergone a significant strategic transformation from a traditional browser company to an AI-powered internet services platform. The most notable development has been the aggressive integration of artificial intelligence across all products, including the launch of Aria AI assistant in partnership with OpenAI, the development of "agentic browsing" capabilities that allow AI to perform tasks on behalf of users, and the establishment of a dedicated AI computing cluster in Iceland ranked as the 88th most powerful supercomputer globally. The company has expanded its product portfolio with several new browser variants: Opera One as the next-generation AI-integrated browser, Opera Air focused on mindfulness and wellness, and continued investment in Opera GX which has grown to 34 million users through gaming partnerships with companies like Riot Games and Cyberpunk 2077. Opera has also capitalized on regulatory changes, particularly the EU's Digital Markets Act, which resulted in a 63% increase in new iOS users and opened new growth opportunities in European markets. The monetization strategy has evolved toward higher-value advertising partnerships, with particular success in e-commerce and performance-based advertising that has grown over 100% annually. The company has shifted focus from total user acquisition to targeting high-ARPU users in Western markets, which now represent 19% of the user base but generate disproportionately higher revenue. This strategic pivot has enabled Opera to improve its annualized revenue per user by 44% year-over-year while maintaining strong margin expansion. The company has also enhanced its advertising technology platform and expanded partnerships with e-commerce and travel companies to create new revenue streams beyond traditional search and display advertising.
OPRA company profile · for informational purposes only — not investment advice.
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