Norway's Opera Q3 revenue rises on desktop user growth
OPRA•Opera's preliminary Q3 revenue rose 20% year over year to $182.8 million, at the high end of guidance, while adjusted EBITDA of $43.2 million exceeded the high end. Desktop monthly active users reached 100 million in October, up 16%.
1. Q3 results
Opera reported preliminary Q3 revenue of $182.8 million, up 20% year over year and at the high end of guidance. Adjusted EBITDA was $43.2 million, above the high end of guidance, with a 24% margin. The company said desktop monthly active users reached 100 million in October, up 16% year over year; advertising revenue grew 22% and query revenue grew 17%. Opera did not provide specific Q4 or full-year guidance in the press release.
