2023-04-27 07:12:27 ET
- Opera press release ( NASDAQ: OPRA ): Q1 GAAP EPADS of $0.17 beats by $0.06 .
- Revenue of $87.05M (+21.6% Y/Y) beats by $2.54M .
- Adjusted EBITDA margin of 25%.
- Company raises the midpoint of revenue guidance and adjusted EBITDA expectations for 2023 : For the full year of 2023, Opera is raising the low end of its previously issued guidance of revenue to be $373 million to $390 million vs. consensus of $382.28M. We guide adjusted EBITDA to now be between $77 million and $83 million, or a 21% margin at the midpoints.
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For the second quarter of 2023, Opera expects revenue of $92 million to $94 million vs. consensus of $90.27M, representing 19% year-over-year growth at the midpoint. Adjusted EBITDA is expected to be between $18 million and $20 million, representing a 20% margin at the midpoint.
For further details see:
Opera beats Q1 top and bottom line estimates; initiates Q2 and raises FY23 outlook