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home / news releases / OPRA - Opera: Q4 Earnings Review Targets Confirmed


OPRA - Opera: Q4 Earnings Review Targets Confirmed

2024-03-14 09:55:10 ET

Summary

  • Opera's financial performance remains strong, but the current stock price is not attractive, leading to a downgrade to a HOLD rating.
  • Q4 results were slightly better than our expectations due to moderating operating expenses. We’ve retained our major assumptions for Opera's financial performance.
  • Forecasts for 2024 and 2025 were adjusted to reflect slower user growth but higher ARPU.
  • Operating costs were better than expected, leading to upward revisions in GAAP and adjusted EBITDA estimates.

Investment thesis

For further details see:

Opera: Q4 Earnings Review, Targets Confirmed
Stock Information

Company Name: Opera Limited
Stock Symbol: OPRA
Market: NASDAQ
Website: opera.com

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