OPRA - Opera: Gaming-Focused Browser Powering 20%+ Revenue Growth
2024-01-23 17:34:19 ET
Summary
- Opera Limited, a leading web browser company, has seen a resurgence in its stock price after integrating AI prompts into its browsers.
- The company has shown improved financial performance by focusing on a niche market of gaming-dedicated browsers, with higher average revenue per user.
- Despite geopolitical risks and insider sales, Opera's current valuation appears cheap, making it an intriguing growth opportunity at a reasonable price.
I am old enough to remember a time when the dominant web browser of the day was Netscape, and Microsoft's Internet Explorer ("IE") was still a new entrant. I was personally an early user of IE, or to be precise, forced to adopt IE by the bundling tactics of Microsoft Corporation ( MSFT ).
To be honest, most tech-savvy users like myself did not like being forced to use IE, as we considered it an inferior browser. Therefore, it didn't take a lot of prompting for me to switch away from IE when alternatives became available. First, it was Mozilla's Firefox, as a personal protest against Microsoft and also because Firefox had better security features....
Opera: Gaming-Focused Browser Powering 20%+ Revenue Growth