Q1 2026 Opera Ltd Earnings Call Transcript
Key Points
- Opera Ltd (OPRA) exceeded its Q1 revenue guidance by $4 million, achieving a 23% year-over-year growth to $176 million.
- Adjusted EBITDA also surpassed expectations, reaching $42 million with a 24% margin.
- The company achieved a new all-time high in advertising revenue at $117 million, reflecting strong partnerships and successful campaigns.
- Opera Ltd (OPRA) introduced innovative AI tools like Browser Connector, enhancing user engagement and increasing browser usage.
- The company reported a 25% year-over-year increase in annualized ARPU, driven by increased user engagement and AI integration.
- Despite strong performance, Opera Ltd (OPRA) faces uncertainties in renewing its agreement with Google, which is crucial for search revenue.
- The company is experiencing increased costs due to rapid business scaling, AI usage, and supply constraints, impacting overall expenses.
- Opera Ltd (OPRA) has not disclosed specific AI usage metrics, making it difficult to assess the full impact of AI on user engagement.
- The company faces challenges in defining and monetizing AI interactions within the browser, as AI becomes more integrated into user sessions.
- While MiniPay shows potential, it remains early in its development, and its long-term contribution to the P&L is still uncertain.
Welcome to the Opera Limited first-quarter 2026 earnings call. I would now like to turn the call over to your speaker today, Matthew Wolfson, Head of Investor Relations. Please begin.
Thank you for joining us. This morning, I am joined by our 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 as a result of various factors, including those set forth in todayâs earnings press release and in our most recent annual report on Form 20-F filed with the SEC. We undertake no obligations to update any forward-looking statement.
During this call, we will present both IFRS and non-IFRS financial measures. A reconciliation of IFRS to non-IFRS
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