- Opera Limited ( NASDAQ: OPRA ) is trading 3% higher after the company raised its full-year revenue forecast, helped by the strong ARPU trend of browser and news user base.
- Opera now expects revenue of $313M to $319M, from prior outlook of $300M to $310M, way ahead of analysts estimate of $303.55M.
- Revenue rose 29% Y/Y to $77.83M, while Q2 Non-GAAP EPS of -$0.03.
- Opera's average monthly active user base was 327M in the quarter.
- The Opera GX gaming browser had over 17M monthly active users across PC and mobile in the second quarter.
- "Despite macroeconomic uncertainties, Opera is performing exceptionally well, and we feel confident in increasing our guidance for the year," the company said.
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Opera rises as company raises full-year revenue forecast