Q2 2025 Opera Ltd Earnings Call Transcript
Key Points
- Opera Ltd (OPRA) reported a 30% year-over-year revenue growth, surpassing their guidance of 22% to 26%.
- Advertising revenue grew by 44% year-over-year, with e-commerce as the fastest-growing vertical, increasing over 100% year-over-year.
- The company achieved an adjusted EBITDA of $22 million, exceeding the high end of their guidance.
- Opera Ltd (OPRA) is launching Opera Neon, integrating AI capabilities into their browser, which is expected to enhance user productivity.
- The MiniPay stablecoin wallet has reached 9 million activated wallets and exceeded 250 million transactions, showing strong growth potential.
- Opera GX, the browser for gamers, showed no user growth in the quarter, indicating potential challenges in expanding this segment.
- Tariff-related headwinds in US e-commerce impacted revenue, although global growth offset some of these effects.
- The company faces increased costs due to a weakened US dollar, affecting compensation expenses.
- There is uncertainty around the cost structure and monetization strategy for the new Opera Neon product, particularly regarding AI compute costs.
- The competitive landscape for browsers is evolving rapidly, with potential challenges from new AI-integrated browser technologies.
Welcome to the Opera Limited second quarter 2025 earnings call. (Operator Instructions) Please be advised that today's call is being recorded. (Operator Instructions) I would now like to turn the call over to your speaker today, Matt Wolfson, Head of Investor Relations. Please begin.
Thank you for joining us. This morning, I am joined by our co-CEO, Song Lin; and our CFO, Frode Jacobsen. Before I hand over the call to Song Lin, I would like to remind you that some of the statements that we make today regarding our business, operations, and financial performance may be considered forward-looking. Such statements are based on current expectations and assumptions that are subject to a number of risks and uncertainties.
Actual results could differ materially. Please refer to the Safe Harbor statement in our earnings press release as well as our annual report on Form 20-F, including the risk factors. We undertake no obligation to update any forward-looking statements. During this call, we will present
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