OPRA - Opera GAAP EPS of $0.15 beats by $0.03 revenue of $94.13M beats by $2.47M

2023-08-24 07:03:32 ET

• Opera press release ( NASDAQ: OPRA ): Q2 GAAP EPS of $0.15 beats by $0.03 .
• Revenue of $94.13M (+20.9% Y/Y) beats by $2.47M .
• Advertising revenue grew 25% year-over-year, and now constitutes 57% of total revenue. This revenue category was driven by Opera Ads, which continues to exceed expectations, and ongoing monetization growth for mobile and GX browsers.
• Search revenue grew 15% year-over-year. The growth in search revenue continues to be driven by our focus on users with the highest monetization potential in western markets.
• Opera had 316 million monthly active users (MAUs) in the second quarter of 2023, down slightly versus the first quarter following our continued strategy of focusing on higher monetizing users. The user base in Western Europe and North America accounted for 15% of our total footprint.
• In the second quarter of 2023, annualized ARPU was $1.17, an increase of 25% versus the second quarter of 2022.
• The Opera GX gaming browser had 23.7 million monthly active users across PC and mobile in the quarter, up 9% from 21.7 million in the first quarter.

For further details see: