Opera reports strong Q4 results with revenue growing 17% to $113.0 million

March 17, 2024 | by


Opera, a renowned web browser and Internet company, has announced its impressive financial results for the fourth quarter. With revenue growing by an impressive 17% to reach a staggering $113.0 million, Opera has proven its strength and potential in the market. In addition to this remarkable growth, Opera’s popular browser, Opera GX, witnessed a 7% increase in users and an outstanding 6% rise in average revenue per user (ARPU). The recent decision by Apple to open up its iOS in the EU also presents an exciting opportunity for Opera to further expand its user base. Furthermore, the company’s projected revenue growth of over 15% in 2024 and nearly 14% in 2025 demonstrates its promising future prospects. Additionally, Opera’s investment in Nigerian fintech OPay has resulted in a quadrupling of its user base, making it a valuable hidden asset for the company. In light of these impressive achievements and growth opportunities, the stock has been upgraded to a “Strong Buy” with a new target price of $30, underscoring the company’s potential for continued success.

95paON4hdScokCN81ZxAmvSwy3KpQiLRNGBF4qemM 복사본

Opera reports strong Q4 results with revenue growing 17% to $113.0 million

Q4 Revenue Growth

Opera reports strong Q4 results with revenue growing 17% to $113.0 million

Opera, the leading web browser developer, announced its impressive Q4 financial results, highlighting a remarkable 17% growth in revenue. The company’s revenue surged to an impressive $113.0 million, a testament to its solid performance and market success. This substantial growth serves as a clear indication of Opera’s ability to adapt and thrive in a competitive tech landscape.

Screenshot 2024 01 08 192459 1

The Q4 revenue growth is a remarkable achievement for Opera, demonstrating its continued success in meeting the evolving demands of its user base. With a strong emphasis on innovation, user experience, and strategic partnerships, Opera has managed to position itself as a frontrunner in the web browser industry.

The exceptional revenue growth not only showcases the company’s financial strength but also reflects the positive reception of its products and services. Opera’s relentless commitment to excellence has resonated with consumers worldwide, driving increased adoption and usage of its offerings.

Opera GX Browser Performance

The company’s Opera GX browser saw a 7% increase in users

A 6% rise in ARPU is observed for Opera GX browser

Opera’s web browser portfolio continues to thrive, with the Opera GX browser experiencing phenomenal growth. During the last quarter, the Opera GX browser witnessed an impressive 7% increase in its user base. This substantial growth in user adoption firmly establishes Opera GX as a popular choice among tech-savvy users.

In addition to the surge in users, Opera also observed a noteworthy 6% rise in Average Revenue Per User (ARPU) for its GX browser. This improvement in ARPU reflects Opera’s successful monetization strategies and its ability to provide exceptional value to its user base.

Opera GX’s appeal lies in its unique features tailored specifically for gamers and power users. With customizable design elements, gaming-inspired integrations, and advanced performance optimization tools, Opera GX has resonated strongly with its target audience. This impressive growth in users and ARPU further solidifies Opera’s position as an innovative and customer-centric browser provider.

Growth Opportunity with iOS Opening Up

Apple’s opening up of its iOS in the EU presents a growth opportunity for Opera

The recent decision by Apple to open up its iOS platform in the European Union brings about exciting possibilities for Opera. By allowing users to choose their default browser on iOS devices, Apple presents an excellent growth opportunity for Opera to expand its user base and increase its market share.


Opera, known for its commitment to user privacy, security, and top-notch browsing experience, is well-positioned to capitalize on this opportunity. Through its user-friendly interface, lightning-fast performance, and a wide range of features, Opera has already established itself as a trusted alternative browser for users seeking a more personalized and secure web browsing experience.

The opening up of the iOS platform provides an avenue for Opera to showcase its exceptional offerings to a wider audience. By leveraging its reputation for innovation and commitment to user satisfaction, Opera can strategically position itself as a top choice for iOS users who value privacy, customization, and superior browsing capabilities.

Projected Revenue Growth

The company is projected to have revenue growth of over 15% in 2024

Nearly 14% revenue growth is expected in 2025

Looking ahead, Opera anticipates strong revenue growth in the coming years. With a focus on innovation, expanding market presence, and strategic partnerships, the company is well-positioned to continue its upward trajectory.

In 2024, Opera is projected to achieve revenue growth of over 15%. This optimistic outlook is a result of the company’s unwavering dedication to delivering cutting-edge technologies, improving user experience, and capturing new market opportunities. By constantly adapting to the ever-changing digital landscape, Opera remains poised for success.

Furthermore, Opera expects its revenue growth to continue in 2025, with a forecasted growth rate of nearly 14%. This sustained growth reflects the company’s ability to maintain its competitive edge and deliver value to its loyal user base. Opera’s future success will be driven by its ability to anticipate market trends, innovate its product offerings, and forge strategic partnerships to expand its reach.

Investment in Nigerian Fintech OPay

The investment in Nigerian fintech OPay has quadrupled its user base

The Nigerian fintech OPay represents a hidden asset for Opera

Opera’s investment in Nigerian fintech company, OPay, has proven to be a wise strategic move, as it has led to substantial growth in both companies. The investment has had a transformative effect on OPay, quadrupling its user base and solidifying its position as a key player in the Nigerian fintech ecosystem.

By expanding into the flourishing Nigerian market, Opera has tapped into a lucrative growth opportunity and established a strong presence in the fintech sector. OPay’s innovative digital payment solutions, coupled with Opera’s expertise in web browsing and technology, have created a symbiotic relationship that benefits both companies and the end-users.

The success of OPay serves as a testament to Opera’s ability to identify hidden assets and leverage strategic investments. With OPay as a hidden asset, Opera can broaden its product portfolio, enhance its revenue streams, and further establish itself as a leading player in the global tech industry. The mutually beneficial relationship between Opera and OPay showcases the company’s astute investment decisions and its commitment to diversification for sustained growth.

Stock Upgrade

The stock is upgraded to “Strong Buy” with a new target price of $30

In a significant development for Opera, the company’s stock has recently been upgraded to a “Strong Buy” rating by leading analysts. This upgrade reflects the growing confidence in Opera’s financial performance, market position, and overall growth potential. Additionally, the new target price of $30 further indicates the positive sentiments surrounding Opera’s stock value.

The upgrade to a “Strong Buy” rating signals the market’s recognition of Opera’s resilience and ability to generate substantial returns for its shareholders. With a proven track record of revenue growth and a strong foothold in the browser and fintech sectors, Opera has demonstrated its value proposition to investors.

The increased target price of $30 indicates the market’s belief in Opera’s ability to capture additional market share, foster innovation, and drive long-term value for its shareholders. This upgrade serves as a testament to Opera’s strategic positioning, financial strength, and its potential for sustained success.

In conclusion, Opera’s robust Q4 revenue growth, driven by the outstanding performance of its GX browser and strategic investments, bodes well for the company’s future. With the significant growth opportunities presented by Apple’s iOS opening up in the EU, projected revenue growth, and the success of the investment in Nigerian fintech OPay, Opera is positioned for continued success and expansion in the global tech landscape. The stock upgrade to “Strong Buy” further reinforces Opera’s strength and potential, making it an exciting prospect for investors seeking a promising and innovative tech investment opportunity.

420975661 930960805057803 3457597750388070468 n


View all

view all