Norway's Opera Q2 revenue jumps; full-year outlook lifted
OPRA•Q2 revenue and profitability rise
Norway browser and AI platform Opera said second-quarter revenue rose 25% year over year, driven by advertising and query growth.
Adjusted EBITDA for the quarter increased 32% year over year to $42.4 million, with margin reaching 24%.
Quarterly results and analyst coverage
The company reported the following second-quarter results:
| Metric | Actual |
|---|---|
| Q2 Revenue | $178.07 million |
| Q2 Earnings per ADS | $0.30 |
| Q2 Net Income | $27.55 million |
| Q2 Adjusted EBITDA | $42.43 million |
The current average analyst rating on the shares is buy, with 7 strong buy or buy ratings, no hold ratings, and no sell or strong sell ratings. The average consensus recommendation for the software peer group is buy.
Wall Street's median 12-month price target for Opera Ltd is $26.00, about 33.3% above its August 18 closing price of $19.51. The stock recently traded at next-12-month earnings, versus a P/E of three months ago.
