Opera Beats Q1 Guidance with 23% Revenue Growth and 24% EBITDA Margin
Opera’s first quarter revenue climbed 23% year-over-year to $175.8 million, with adjusted EBITDA rising 30% to $42.0 million for a 24% margin, both exceeding guidance. The company raised full-year revenue outlook to $727–740 million and projected second-quarter growth of 23–25% with a 23% adjusted EBITDA margin.
1. First Quarter Financial Results
Opera posted first quarter revenue of $175.8 million, up 23% year-over-year, with adjusted EBITDA of $42.0 million representing a 24% margin and 30% growth. Net income rose 36% to $24.8 million, while operating profit increased 41% to $29.8 million with a 17% margin.
2. User Metrics and Product Highlights
Advertising revenue grew 24% to $117.0 million and query revenue rose 23% to $58.3 million, driving diversified growth. Average monthly active users reached 288 million, up 4 million sequentially, MiniPay wallets surged to 15 million, and Opera GX users climbed to 35 million.
3. Guidance Raise and Capital Allocation
The company raised its full-year revenue forecast to $727–740 million and projected second-quarter revenue growth of 23–25% with a 23% EBITDA margin. Opera repurchased $17 million of shares under its $300 million program and paid $35.9 million in dividends during the quarter.