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Opera Ltd (OPRA)



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Upturn Advisory Summary
09/16/2025: OPRA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $25.5
1 Year Target Price $25.5
5 | Strong Buy |
2 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 12.93% | Avg. Invested days 38 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.82B USD | Price to earnings Ratio 21.81 | 1Y Target Price 25.5 |
Price to earnings Ratio 21.81 | 1Y Target Price 25.5 | ||
Volume (30-day avg) 7 | Beta 0.96 | 52 Weeks Range 12.57 - 22.04 | Updated Date 09/15/2025 |
52 Weeks Range 12.57 - 22.04 | Updated Date 09/15/2025 | ||
Dividends yield (FY) 4.07% | Basic EPS (TTM) 0.93 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-19 | When - | Estimate 0.2 | Actual 0.26 |
Profitability
Profit Margin 14.53% | Operating Margin (TTM) 13.09% |
Management Effectiveness
Return on Assets (TTM) 5.5% | Return on Equity (TTM) 8.58% |
Valuation
Trailing PE 21.81 | Forward PE - | Enterprise Value 1636629433 | Price to Sales(TTM) 3.27 |
Enterprise Value 1636629433 | Price to Sales(TTM) 3.27 | ||
Enterprise Value to Revenue 2.95 | Enterprise Value to EBITDA 14.42 | Shares Outstanding 89513296 | Shares Floating 27941574 |
Shares Outstanding 89513296 | Shares Floating 27941574 | ||
Percent Insiders 7.52 | Percent Institutions 16.72 |
Upturn AI SWOT
Opera Ltd

Company Overview
History and Background
Opera Ltd was founded in 1995 in Norway. Initially focused on developing web browsers for desktop and mobile devices, it has evolved into a diversified internet company with offerings in fintech, news, and gaming. Key milestones include the launch of Opera Mini, its strategic expansion into emerging markets, and its IPO on NASDAQ in 2018.
Core Business Areas
- Browsers and News: Opera develops and distributes web browsers for desktop and mobile platforms. They offer Opera News, a personalized news aggregation service. They generate revenue through search royalties, advertising, and content licensing.
- Fintech: Opera provides fintech services through Dify, focusing on digital wallets and payments, primarily in Europe and Africa.
- Gaming: Opera owns and operates Opera GX, a browser geared towards gamers, as well as YoYo Games, the maker of the GameMaker Studio 2 game engine.
- Advertising and Content: Generates revenue through advertising partnerships and content distribution agreements within its various platforms.
Leadership and Structure
Opera Ltd. is led by CEO Lin Song and has a structured management team overseeing various business units. The company has a board of directors with representation from key shareholders.
Top Products and Market Share
Key Offerings
- Opera Browser: A web browser available for desktop and mobile. Market share is around 2-3% globally. Competitors include Chrome, Safari, Firefox, and Edge. Difficult to get specific revenue numbers.
- Opera News: A personalized news aggregator app. Boasts millions of monthly active users, particularly in Africa and Asia. Competitors include Google News, Apple News, and various other news aggregation apps. Revenue generated through ads, but difficult to get specific revenue numbers.
- Opera GX: A browser specifically designed for gamers. Rapidly growing user base. Competitors include mainstream browsers and specialized gaming platforms. Revenue is driven through ad revenue, but difficult to get specific revenue numbers.
- Dify: Fintech app providing cashback, rewards, and payment services. Competitors include Paypal (PYPL), Block (SQ), and Adyen (ADYEY).
Market Dynamics
Industry Overview
The internet browser market is dominated by a few major players but also has some niche players and alternative browsers that focus on specialized features or target specific user groups. The online news aggregation market is highly competitive. The fintech sector is experiencing rapid growth, driven by increasing adoption of digital payments and financial services. The gaming industry is constantly evolving.
Positioning
Opera is positioned as a company offering innovative browsers and services that cater to specific user segments. It differentiates itself through its gaming browser and focus on emerging markets.
Total Addressable Market (TAM)
The TAM for browsers is estimated to be in the billions, driven by global internet usage. The fintech TAM is also in the billions, driven by digital payments and financial services. Opera's TAM will therefore be dependent on the growth of the internet and fintech industries in emerging markets. It is well positioned to capture a portion of the TAM due to its focus on niche markets.
Upturn SWOT Analysis
Strengths
- Strong brand recognition in certain regions
- Innovative product development (Opera GX)
- Presence in emerging markets
- Diversified revenue streams (browsers, news, fintech, gaming)
Weaknesses
- Relatively small market share in the browser market compared to Chrome and Safari
- Dependence on search partnerships for revenue
- Limited brand awareness in some developed markets
- Higher risk due to exposure in emerging markets
Opportunities
- Growth in emerging markets and internet penetration
- Expansion of fintech services
- Development of new features and products
- Strategic acquisitions of complementary businesses
Threats
- Competition from larger companies with greater resources
- Changes in search engine royalties
- Economic instability in emerging markets
- Regulatory changes impacting fintech services
Competitors and Market Share
Key Competitors
- GOOG
- AAPL
- MSFT
- BRZEF
Competitive Landscape
Opera faces intense competition from Google's Chrome, Apple's Safari, and Microsoft's Edge. Opera's advantage lies in its focus on niche markets and innovative features like Opera GX. It has built brand awareness in emerging markets, but needs to continue improving user experience and growing its product portfolio to remain competitive.
Major Acquisitions
YoYo Games
- Year: 2021
- Acquisition Price (USD millions): 10
- Strategic Rationale: To strengthen Opera's gaming ecosystem through their GameMaker Studio 2 game engine.
Growth Trajectory and Initiatives
Historical Growth: Historically, Opera has grown through user acquisition in emerging markets and expansion of its product portfolio.
Future Projections: Analysts generally project continued growth in revenue, driven by expansion in emerging markets and the success of new products like Opera GX. However, these are estimates and subject to change.
Recent Initiatives: Recent initiatives include the continued development of Opera GX, expansion of fintech services in Africa, and investment in AI driven products.
Summary
Opera Ltd. is a company that has grown from developing browsers to fintech and gaming services. Its focus in emerging markets gives it a competitive edge. It faces stiff competition from larger, well-established companies but its efforts to innovate will help it capture a larger share of the market. Opera must focus on its core strength and expand into emerging markets to maintain its competitive advantage.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Market Research Reports
- Analyst Estimates
- Statcounter Global Stats
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market data and analyst estimates are subject to change. Actual results may vary. Financial Data has not been recently updated and should be checked on the official investor website
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Opera Ltd
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2018-07-27 | Chairman & Co-CEO Mr. Yahui Zhou | ||
Sector Communication Services | Industry Internet Content & Information | Full time employees 599 | Website https://www.opera.com |
Full time employees 599 | Website https://www.opera.com |
Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service. It provides browser-based cashback rewards programs; owns GameMaker Studio, a 2D gaming development platform; and GXC, a gaming portal. In addition, the company operates Opera Ads, an online advertising platform; and offers Web3 and e-commerce services. Opera Limited was founded in 1995 and is headquartered in Oslo, Norway. Opera Limited is a subsidiary of Hong Kong Kunlun Tech Holding Limited.

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