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OSLO, Norway, Aug. 26, 2026 /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), a leading global browser and AI agent company, today announced the appearance of Frode Jacobsen, Chief Financial Officer, at upcoming investor conferences. Events at which Frode Jacobsen will be presenting: Goldman Sachs Communacopia + Technology Conference on September 8, 2026 - fireside chat at 1:05 p.m.

Opera Limited (OPRA) Q2 2026 Earnings Call Transcript

Revenue increased 25% year-over-year to $178.1 million, exceeding the guidance range

Adjusted EBITDA was $42.4 million, representing a 24% margin and 32% year-over-year growth, also exceeding the guidance range

Third quarter 2026 revenue guidance of $181–183 million with adjusted EBITDA margin of 23% at the midpoints

Raised full-year guidance to $734–742 million revenue with adjusted EBITDA of $172–175 million (24% margin)

, /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), a leading global browser and AI agent company, today announced financial results for the quarter ended June 30, 2026.

"Second quarter revenue and Adjusted EBITDA both came in above the top end of our guidance, with revenue growth accelerating to 25% year-over-year, reaching $178.1 million, and Adjusted EBITDA reaching $42.4 million. Notably, with healthy growth across both advertising and query revenue streams, our business continues to compound organically and capital-efficiently," said Lin Song, CEO.

"As AI fundamentally reshapes how people search, work and interact online, Opera's position as an independent, tech-enabling platform is more valuable than ever. Through our open ecosystem strategy, highlighted by our new Browser Connector for leading AI services like Claude and ChatGPT, we are facilitating user choice while converting elevated browser utility into immediate commercial momentum. The growth of time spent and browser engagement supports our healthy annualized ARPU growth of 25% to $2.46 alongside strong expansion across core products like Opera GX and MiniPay," continued Mr. Song.

Second Quarter 2026 Financial Highlights

Three Months Ended
June 30,

Six Months Ended
June 30,

In thousands, except percentages and per share amounts

2025

2026

% Change

2025

2026

% Change

Revenue

$

142,962

$

178,068

25

%

$

285,678

$

353,839

24

%

Operating profit

$

18,109

$

25,909

43

%

$

39,184

$

55,672

42

%

Operating margin

13

%

15

%

14

%

16

%

Net income

$

15,676

$

27,550

76

%

$

33,959

$

52,336

54

%

Net income margin

11

%

15

%

12

%

15

%

Adjusted net income (1)

$

23,723

$

30,022

27

%

$

47,878

$

61,198

28

%

Adjusted net income margin

17

%

17

%

17

%

17

%

Adjusted EBITDA (1)

$

32,094

$

42,429

32

%

$

64,352

$

84,427

31

%

Adjusted EBITDA margin

22

%

24

%

23

%

24

%

Diluted earnings per share

$

0.17

$

0.30

74

%

$

0.38

$

0.57

52

%

Adjusted diluted earnings per share (1)

$

0.26

$

0.33

25

%

$

0.53

$

0.67

26

%

Net cash flow from operating activities

$

33,119

$

22,192

(33)

%

$

49,063

$

64,337

31

%

As percentage of adjusted EBITDA

103

%

52

%

76

%

76

%

Free cash flow from operations (1)

$

29,073

$

16,912

(42)

%

$

41,099

$

52,417

28

%

As percentage of adjusted EBITDA

91

%

40

%

64

%

62

%

(1)

See the sections below titled "Non-IFRS Financial Measures" and "Reconciliations of Non-IFRS Financial Measures" for explanations and reconciliations of non-IFRS financial measures.

Second Quarter 2026 and Recent Business Highlights

Advertising revenue: Grew 27% year-over-year to $115.4 million, representing 65% of total revenue. Advertising revenue was driven by continued strong momentum from e-commerce partners, which remained the fastest-growing vertical. Query revenue: Grew 21% year-over-year to $62.1 million, accounting for 35% of total revenue and benefiting from both strong search performance and the evolution of our broader opportunities to address user queries. User base & ARPU: Average monthly active users ("MAUs") was 288 million across all products and services, with annualized average revenue per user ("ARPU") increasing 25% year-over-year to $2.46. Opera GX: Averaged 37 million MAUs in the quarter across PC and mobile, up 2 million sequentially and 10% year-over-year. MiniPay: Reached 18 million cumulative activated wallets as of June 2026, representing a 121% year-over-year increase. Cash flow & liquidity: Net cash flow from operating activities was $22.2 million in the quarter and $64.3 million year-to-date. This represented a 76% conversion of year-to-date adjusted EBITDA, equal to the cash conversion in the same period of 2025. Total cash and cash equivalents stood at $145.2 million at quarter-end. Dividends: A dividend of $0.40 per share under our semi-annual dividend program was paid in July, totaling $35.6 million. Share repurchases: During the quarter, Opera repurchased 0.64 million shares for $11.1 million or an average of $17.44 per share. This includes shares repurchased from the public and the according pro-rata shares repurchased, or agreed to be repurchased, from our majority shareholder. Cash used for repurchases was $14.2 million, which included settlement of the $4.1 million commitment outstanding as of March 31, 2026, partially offset by a $1.0 million period-end commitment which will be settled in the third quarter. As of June 30, 2026, 88,917,384 shares were outstanding net of cumulative repurchases of 1,776,194 shares for $28.1 million, or an average of $15.79 per share, under our current $300 million repurchase program. Second Quarter 2026 Financial Results

All comparisons in this section are relative to the second quarter of 2025 unless otherwise stated.

Revenue increased 25% to $178.1 million.

Advertising revenue increased 27% to $115.4 million. Query revenue increased 21% to $62.1 million. Other revenue was $0.6 million. Operating expenses increased 22% to $152.2 million.

The total amount of technology and platform fees, content cost and cost of inventory sold, all being costs of revenue, was $67.5 million, or 38% of revenue. Personnel expenses excluding share-based compensation increased 24% to $23.1 million. Share-based compensation expenses decreased 11% to $7.8 million. Marketing and distribution expenses increased 6% to $36.2 million. Depreciation and amortization increased 17% to $5.4 million. All other operating expenses increased 53% to $12.2 million, driven mainly by impairments of non-financial assets. Operating profit was $25.9 million, representing a 15% margin, compared to an operating profit of $18.1 million and a margin of 13% in the second quarter of 2025.

Fair value gain on long-term investments was $6.3 million, driven by the passage of time affecting the present value of probability-weighted expected returns.

Net finance income was $0.6 million, reflecting net interest income of $0.8 million, partially offset by foreign exchange loss of $0.2 million.

Income tax expense was $6.1 million, corresponding to an effective tax rate of 18%, and representing 14% of adjusted EBITDA in the quarter and 13% of adjusted EBITDA year-to-date. This compares to a full-year ratio of income tax expense to adjusted EBITDA of 12% in 2025.

Net income was $27.6 million, representing a 15% margin, compared to net income of $15.7 million and a margin of 11% in the second quarter of 2025.

Adjusted net income was $30.0 million, representing a 17% margin and an increase of 27% relative to $23.7 million and a 17% margin in the second quarter of 2025.

Adjusted EBITDA was $42.4 million, representing a 24% margin and an increase of 32% relative to $32.1 million and a 22% margin in the second quarter of 2025.

Diluted earnings per share was $0.30, whereas adjusted diluted earnings per share was $0.33.

Net cash flow from operating activities was $22.2 million, or 52% of adjusted EBITDA in the quarter and 76% of adjusted EBITDA year-to-date. Free cash flow from operations was $16.9 million, or 40% of adjusted EBITDA in the quarter and 62% of adjusted EBITDA year-to-date.

Business Outlook

Third Quarter 2026 Guidance

Full-Year 2026 Guidance

Revenue

$181–183 million

$734–742 million

Year-over-year revenue growth

19–20 

%

19–21

%

Adjusted EBITDA (1)

$41–43 million

$172–175 million

Adjusted EBITDA margin (2)

23

%

24

%

(1)

See the section below titled "Non-IFRS Financial Measures" for explanations of non-IFRS financial measures.

(2)

The percentages shown for adjusted EBITDA margin have been calculated based on the midpoints of the revenue and adjusted EBITDA guidance.

"Our second quarter outperformance is incorporated into a further raised full-year outlook that now includes 20% top-line growth at the midpoint. While our second-half trajectory reflects the strong underlying momentum of our business, our updated guidance maintains our disciplined and prudent approach toward guiding around year-end seasonality. We enter the third quarter with solid commercial velocity, driven by the expanding reach and engagement of our platform," said Frode Jacobsen, CFO.

"Our updated outlook highlights the structural operating leverage inherent in our business model, driving an expected 25–40 basis point expansion in Adjusted EBITDA margin over 2025. This ongoing efficiency gives us full flexibility to fund our product and marketing initiatives while continuing to return capital to our shareholders," continued Mr. Jacobsen.

Conference Call and Webcast Information

Opera's management will host a conference call to discuss the second quarter 2026 financial results at 8:00 a.m. ET today. The live webcast of the conference call can be accessed at our investor relations website at investor.opera.com, along with the earnings press release and financial tables. Following the call, a replay will be available at the same website.

We also provide announcements on our investor relations website at investor.opera.com regarding our financial performance and other matters, including SEC filings, press releases, slide presentations, business blog posts and information on corporate governance.

Non-IFRS Financial Measures

In addition to financial measures presented in accordance with IFRS Accounting Standards, we use the non-IFRS performance measures adjusted net income, adjusted EBITDA, adjusted diluted earnings per share, as well as the non-IFRS liquidity measure free cash flow from operations, to manage our business, evaluate performance, support planning and decision-making, and allocate resources. The non-IFRS performance measures are intended to provide supplemental information by excluding items that we believe are not representative of core business operating performance. While free cash flow from operations does not represent residual cash available for discretionary uses, we believe that it provides useful supplemental information regarding our ability to generate cash from ongoing operations to fund investments, including acquisitions, and to support capital allocation decisions.

Adjusted net income is defined as net income adjusted to exclude (i) profit (loss) from discontinued operations, (ii) gain (loss) on investments in unconsolidated entities, (iii) non-recurring expenses, (iv) impairment of non-financial assets, (v) amortization of acquired intangible assets, (vi) share-based compensation expenses, and (vii) the income tax effect of these adjustments. Adjusted net income margin is calculated as adjusted net income divided by revenue. Adjusted diluted earnings per share is calculated as adjusted net income divided by the diluted weighted average number of shares outstanding.

Adjusted EBITDA is defined as net income adjusted to exclude (i) profit (loss) from discontinued operations, (ii) income tax expense, (iii) net finance income (expense), (iv) gain (loss) on long-term investments in unconsolidated entities, (v) non-recurring expenses, (vi) impairment of non-financial assets, (vii) depreciation and amortization, (viii) share-based compensation expenses, and (ix) other operating income. Adjusted EBITDA margin is calculated as adjusted EBITDA divided by revenue.

Free cash flow from operations is defined as net cash flows from (used in) operating activities less (i) purchases of fixed and intangible assets, (ii) development expenditure and (iii) payment of lease liabilities.

We believe these non-IFRS financial measures are useful to investors because they facilitate period-to-period comparisons of operating performance and are consistent with how management evaluates the business. These measures should not be considered in isolation or as substitutes for, or superior to, the financial information prepared in accordance with IFRS Accounting Standards. Our definitions of adjusted net income, adjusted EBITDA, adjusted diluted earnings per share and free cash flow from operations may differ from similarly-titled measures used by other companies. In addition, these measures may be limited in their usefulness because they do not present the full economic effects of certain items of income, expenses and cash flows. We address the limitations of these non-IFRS financial measures by providing reconciliations from the most closely comparable IFRS financial measures in the section titled "Reconciliations of Non-IFRS Financial Measures" included at the end of this earnings press release. Investors are encouraged to review these reconciliations and to consider non-IFRS financial measures together with our IFRS results.

Forward-Looking Statements

This press release contains statements of a forward-looking nature. These statements include, but are not limited to, statements relating to our expectations regarding our business, strategy, products, services, outlook and guidance. Forward-looking statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements.

Important factors that could cause actual results to differ materially include, among others: (i) our ability to attract, retain, and engage users and to increase ARPU; (ii) changes in macroeconomic conditions, including inflationary pressures, interest rates, consumer and advertiser spending trends, and the effects of higher energy prices and market volatility; (iii) our ability to maintain and improve monetization from query and revenue-sharing arrangements, including dependence on major partners and changes in their commercial terms, policies, algorithms, or distribution mechanics; (iv) changes by platform providers (including mobile operating systems, app stores, and device manufacturers) that could affect distribution, product functionality, data access, attribution, or monetization; (v) competition in browsers, AI-enabled user experiences, digital advertising, and consumer internet products; (vi) the successful development, deployment, adoption, and monetization of new products and features, including AI initiatives, and the costs and risks associated with them; (vii) privacy, data protection, consumer protection, competition/antitrust, online safety, and other laws and regulations (including changes in interpretation, enforcement, or compliance obligations) and related litigation or regulatory inquiries; (viii) security incidents, service disruptions, outages, and failures of our or third parties' systems; (ix) our ability to manage operational, technical, and infrastructure costs, including hosting and distribution costs, and to scale effectively; (x) foreign currency exchange rate fluctuations and other market volatility; (xi) geopolitical events, including armed conflicts, sanctions, trade or shipping disruptions, or other instability in the Middle East and other regions, and their effects on energy prices, inflation, financial markets, supply chains, and broader economic conditions; (xii) our ability to attract and retain key personnel; and (xiii) other risks and uncertainties described under "Risk Factors" in our most recent Annual Report on Form 20-F and in our other filings and submissions with the U.S. Securities and Exchange Commission.

All information provided in this press release is as of the date hereof and is based on assumptions that the Company believes to be reasonable as of this date, and it undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

About Opera

Opera is a user-centric and innovative software company focused on enabling the best possible internet browsing experience across devices. Hundreds of millions worldwide use Opera's mobile and desktop browsers for their speed, security, and unique features, enhanced with integrated AI that enables users to navigate and interact with the web in new transformative ways. Founded in 1995 and headquartered in Oslo, Norway, Opera is listed on the Nasdaq stock exchange under the ticker symbol "OPRA". Download Opera products from opera.com and learn more about Opera at investor.opera.com.

Opera Limited
Consolidated Statement of Operations
(In thousands, except per share amounts, unaudited)

Three Months Ended
June 30,

Six Months Ended
June 30,

2025

2026

2025

2026

Revenue

$

142,962

$

178,068

$

285,678

$

353,839

Other operating income

18

44

1

90

Operating expenses:

Technology and platform fees

(2,290)

(2,517)

(4,527)

(4,940)

Content cost

(1,517)

(1,814)

(2,439)

(3,292)

Cost of inventory sold

(47,055)

(63,159)

(94,588)

(124,013)

Personnel expenses excluding share-based compensation

(18,657)

(23,068)

(36,225)

(44,614)

Share-based compensation expenses

(8,764)

(7,835)

(14,764)

(14,242)

Marketing and distribution expenses

(33,994)

(36,181)

(68,198)

(74,698)

Credit loss expense

166

116

6

(324)

Depreciation and amortization

(4,634)

(5,431)

(9,067)

(10,636)

Impairment of non-financial assets

(605)

(3,298)

(1,338)

(3,967)

Other operating expenses

(7,521)

(9,015)

(15,354)

(17,530)

Total operating expenses

(124,870)

(152,203)

(246,496)

(298,257)

Operating profit

18,109

25,909

39,184

55,672

Share of net income (loss) of equity-accounted investees

(8)

872

(15)

853

Fair value gain on long-term investments

—

6,300

—

6,300

Net finance income (expense):

Finance income

894

885

1,572

1,709

Finance expense

(223)

(109)

(343)

(225)

Net foreign exchange gain (loss)

(1,009)

(168)

(1,845)

(734)

Net finance income (expense)

(338)

607

(615)

750

Income before income taxes

17,763

33,689

38,553

63,575

Income tax expense

(2,087)

(6,139)

(4,595)

(11,239)

Net income attributable to Opera shareholders

$

15,676

$

27,550

$

33,959

$

52,336

Earnings per share:

Basic

$

0.18

$

0.31

$

0.38

$

0.58

Diluted

$

0.17

$

0.30

$

0.38

$

0.57

Weighted-average number of shares outstanding:

Basic

89,505

89,235

89,495

90,490

Diluted

90,316

91,076

90,305

91,466

Opera Limited
Consolidated Statement of Comprehensive Income
(In thousands, unaudited)

Three Months Ended
June 30,

Six Months Ended
June 30,

2025

2026

2025

2026

Net income

$

15,676

$

27,550

$

33,959

$

52,336

Other comprehensive income (loss):

Items that may be reclassified to the Statement of Operations:

Exchange differences on translation of foreign operations

1,960

32

3,113

173

Other comprehensive income (loss)

1,960

32

3,113

173

Total comprehensive income attributable to Opera shareholders

$

17,636

$

27,582

$

37,072

$

52,509

Opera Limited
Consolidated Statement of Financial Position
(In thousands, unaudited)

As of December 31,

As of June 30,

2025

2026

Assets:

Property and equipment

$

32,744

$

32,114

Goodwill

430,323

430,204

Intangible assets

98,898

108,535

Investment in OPay

294,600

300,900

Equity-accounted investments

4,016

6,119

Other non-current investments and financial assets

1,625

1,717

Deferred tax assets

1,585

1,575

Total non-current assets

863,792

881,163

Trade receivables

112,593

122,196

Other current receivables

7,033

6,904

Cash and cash equivalents

155,466

145,214

Other current assets

4,367

6,660

Total current assets

279,459

280,974

Total assets

$

1,143,251

$

1,162,138

Equity:

Share capital

$

18

$

18

Additional paid-in capital

576,046

540,168

Treasury shares

(238,815)

(266,897)

Retained earnings

674,735

741,189

Foreign currency translation reserve

(1,268)

(1,095)

Total equity attributable to Opera shareholders

1,010,716

1,013,383

Liabilities:

Non-current lease liabilities

4,544

3,238

Deferred tax liabilities

9,212

8,304

Other non-current liabilities

10

1

Total non-current liabilities

13,766

11,543

Trade and other payables

89,520

92,253

Current lease liabilities

3,866

4,764

Income tax payable

6,610

8,072

Deferred revenue

4,499

13,301

Other current liabilities

14,273

18,822

Total current liabilities

118,768

137,212

Total liabilities

132,535

148,755

Total equity and liabilities

$

1,143,251

$

1,162,138

Opera Limited
Consolidated Statement of Changes in Equity
(In thousands, except number of shares, unaudited)

For the six months ended June 30, 2025:

Number of
shares
outstanding

Share
capital

Additional
paid-in
capital

Treasury
shares

Retained
earnings

Foreign
currency
translation
reserve

Total equity
attributable
to Opera shareholders

As of January 1, 2025

88,480,154

$

18

$

647,212

$

(238,815)

$

536,623

$

(4,938)

$

940,100

Net income

—

—

—

—

33,959

—

33,959

Other comprehensive income

—

—

—

—

—

3,113

3,113

Cost of equity awards, net of tax

—

—

—

—

13,984

—

13,984

Issuance of shares upon exercise of equity awards

1,033,137

—

—

—

—

—

—

Dividends

—

—

(35,395)

—

—

—

(35,395)

As of June 30, 2025

89,513,291

$

18

$

611,818

$

(238,815)

$

584,566

$

(1,825)

$

955,761

For the six months ended June 30, 2026:

Number of
shares
outstanding

Share
capital

Additional
paid-in
capital

Treasury
shares

Retained
earnings

Foreign
currency
translation
reserve

Total equity
attributable
to Opera
shareholders

As of January 1, 2026

89,648,056

$

18

$

576,046

$

(238,815)

$

674,735

$

(1,268)

$

1,010,716

Net income

—

—

—

—

52,336

—

52,336

Other comprehensive income

—

—

—

—

—

173

173

Cost of equity awards, net of tax

—

—

—

—

14,118

—

14,118

Issuance of shares upon exercise of equity awards

1,045,522

—

—

—

—

—

—

Share repurchases (1)

(1,776,194)

—

—

(28,083)

—

—

(28,083)

Dividends

—

—

(35,878)

—

—

—

(35,878)

As of June 30, 2026

88,917,384

$

18

$

540,168

$

(266,897)

$

741,189

$

(1,095)

$

1,013,383

(1)

Includes ADSs repurchased from the public market and ordinary shares repurchased or agreed to be repurchased from our majority shareholder on a pro rata basis under a share purchase agreement. Within the totals, 53,902 shares subject to a binding repurchase agreement with the majority shareholder have been reflected, corresponding to a redemption obligation of $1.0 million recognized in equity as of period-end, with delivery of the shares and cash settlement taking place in the subsequent quarter.

Opera Limited
Consolidated Statement of Cash Flows
(In thousands, unaudited)

Three Months Ended
June 30,

Six Months Ended
June 30,

2025

2026

2025

2026

Cash flows from operating activities:

Income before income taxes

$

17,763

$

33,689

$

38,553

$

63,575

Adjustments to reconcile income before income taxes to net cash
flow from operating activities:

Net finance (income) expense

338

(607)

615

(750)

Fair value gain on long-term investments

—

(6,300)

—

(6,300)

Share of net (income) loss of equity-accounted investees

8

(872)

15

(853)

Impairment of non-financial assets

605

3,298

1,338

3,967

Depreciation and amortization

4,634

5,431

9,067

10,636

Cost of equity awards

8,259

6,916

14,020

12,949

Other adjustments

(374)

(720)

(945)

(1,924)

Changes in working capital:

Trade and other receivables

5,311

(14,415)

(5,723)

(8,892)

Other current assets

182

(177)

619

(2,462)

Trade and other payables

8,630

2,140

1,937

2,483

Deferred revenue

(226)

113

(1,276)

(1,789)

Other liabilities

(6,552)

822

(3,411)

3,535

Income taxes paid

(5,460)

(7,125)

(5,747)

(9,839)

Net cash flow from operating activities

33,119

22,192

49,063

64,337

Cash flows from investing activities:

Purchase of equipment

(389)

(953)

(985)

(3,419)

Development expenditure

(2,476)

(2,990)

(4,707)

(5,872)

Investment in an associate

—

—

(1,250)

(1,250)

Interest received

894

885

1,572

1,709

Net cash flow used in investing activities

(1,971)

(3,059)

(5,370)

(8,832)

Cash flows from financing activities:

Share repurchases

—

(14,233)

—

(27,078)

Dividends paid

—

—

(35,395)

(35,878)

Payment of lease liabilities

(1,181)

(1,336)

(2,272)

(2,629)

Interest paid

(189)

(109)

(309)

(225)

Net cash flow used in financing activities

(1,370)

(15,678)

(37,976)

(65,810)

Net change in cash and cash equivalents

29,777

3,454

5,717

(10,306)

Cash and cash equivalents at beginning of period

103,546

141,903

126,797

155,466

Effect of exchange rate changes on cash and cash equivalents

500

(143)

1,308

54

Cash and cash equivalents at end of period

$

133,823

$

145,214

$

133,823

$

145,214

Opera Limited
Supplemental Financial Information
(In thousands, unaudited)

Revenue

The following table presents revenue disaggregated by type:

Three Months Ended
June 30,

Six Months Ended
June 30,

2025

2026

2025

2026

Advertising

$

91,148

$

115,356

$

185,774

$

232,348

Query

51,334

62,094

98,900

120,392

Other revenue

480

618

1,004

1,100

Total revenue

$

142,962

$

178,068

$

285,678

$

353,839

Share-based Compensation Expenses

The table below presents the amounts of share-based compensation expenses:

Three Months Ended
June 30,

Six Months Ended
June 30,

2025

2026

2025

2026

Cost of Opera-granted awards

$

(6,990)

$

(5,975)

$

(14,288)

$

(10,402)

Cost of parent-granted awards (1)

(1,269)

(941)

268

(2,547)

Total cost of equity awards

(8,259)

(6,916)

(14,020)

(12,949)

Social security contributions for Opera-granted awards

(504)

(920)

(744)

(1,292)

Total share-based compensation expenses

$

(8,764)

$

(7,835)

$

(14,764)

$

(14,242)

(1)

Kunlun, the majority shareholder of Opera, has granted equity awards to Opera employees as compensation for services provided to Opera. Opera does not have any obligation to settle the awards granted by Kunlun and such awards do not lead to dilution for Opera shareholders.

Other Operating Expenses

The table below presents the items of other operating expenses:

Three Months Ended
June 30,

Six Months Ended
June 30,

2025

2026

2025

2026

Hosting

$

(3,240)

$

(4,736)

$

(6,170)

$

(9,096)

Audit, legal and other advisory services

(1,699)

(1,246)

(3,902)

(1,651)

Software license fees

(836)

(958)

(1,675)

(1,885)

Rent and other office expenses

(506)

(627)

(1,137)

(1,253)

Travel

(512)

(683)

(1,011)

(1,168)

Other

(727)

(766)

(1,460)

(2,477)

Total other operating expenses

$

(7,521)

$

(9,015)

$

(15,354)

$

(17,530)

Opera Limited
Reconciliations of Non-IFRS Financial Measures
(In thousands, except per share amounts, unaudited)

The following table presents a reconciliation of net income to adjusted net income:

Three Months Ended
June 30,

Six Months Ended
June 30,

2025

2026

2025

2026

Net income

$

15,676

$

27,550

$

33,959

$

52,336

Add (deduct):

Fair value (gain) on long-term investments

—

(6,300)

—

(6,300)

Share of net (income) loss of equity-accounted investees

8

(872)

15

(853)

Impairment of non-financial assets

605

3,298

1,338

3,967

Amortization of acquired intangible assets

645

645

1,290

1,290

Share-based compensation expenses

8,764

7,835

14,764

14,242

Income tax effect on adjustments

(1,975)

(2,133)

(3,489)

(3,484)

Adjusted net income

$

23,723

$

30,022

$

47,878

$

61,198

Diluted weighted-average number of shares outstanding

90,316

91,076

90,305

91,466

Adjusted diluted earnings per share

$

0.26

$

0.33

$

0.53

$

0.67

The following table is a reconciliation of net income to adjusted EBITDA:

Three Months Ended
June 30,

Six Months Ended
June 30,

2025

2026

2025

2026

Net income

$

15,676

$

27,550

$

33,959

$

52,336

Add (deduct):

Income tax expense

2,087

6,139

4,595

11,239

Net finance (income) expense

338

(607)

615

(750)

Fair value (gain) on long-term investments

—

(6,300)

—

(6,300)

Share of net (income) loss of equity-accounted investees

8

(872)

15

(853)

Impairment of non-financial assets

605

3,298

1,338

3,967

Depreciation and amortization

4,634

5,431

9,067

10,636

Share-based compensation expenses

8,764

7,835

14,764

14,242

Other operating income

(18)

(44)

(1)

(90)

Adjusted EBITDA

$

32,094

$

42,429

$

64,352

$

84,427

The table below reconciles net cash flow from operating activities to free cash flow from operations:

Three Months Ended
June 30,

Six Months Ended
June 30,

2025

2026

2025

2026

Net cash flow from operating activities

$

33,119

$

22,192

$

49,063

$

64,337

Deduct:

Purchase of equipment

(389)

(953)

(985)

(3,419)

Development expenditure

(2,476)

(2,990)

(4,707)

(5,872)

Payment of lease liabilities

(1,181)

(1,336)

(2,272)

(2,629)

Free cash flow from operations

$

29,073

$

16,912

$

41,099

$

52,417

SOURCE Opera Limited

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Opera Limited (NASDAQ: OPRA), a leading global browser and AI agent company, today announced that the company's second quarter 2026 financial results will be released before the market opens on Tuesday, August 25, 2026. The earnings release will be available on our investor relations website at investor.opera.com.

Management will host a conference call to discuss the second quarter 2026 financial results on the same day at 8:00 a.m. ET. Listeners may access the call by dialing the following numbers:

United States: +1 800-267-6316
Norway: +47 80-01-3780
International: +1 203-518-9783

Confirmation Code: OPRAQ226

A live webcast of the conference call can be accessed at investor.opera.com

About Opera
Opera is a user-centric and innovative software company focused on enabling the best possible internet browsing experience across devices. Hundreds of millions worldwide use Opera's mobile and desktop browsers for their speed, security, and unique features, enhanced with integrated AI that enables users to navigate and interact with the web in new transformative ways. Founded in 1995 and headquartered in Oslo, Norway, Opera is listed on the Nasdaq stock exchange under the ticker symbol "OPRA". Download Opera products from opera.com and learn more about Opera at investor.opera.com.

SOURCE Opera Limited

Also from this source

,  /PRNewswire/ -- Opera [NASDAQ: OPRA], the global browser and AI agent company, today announced that combined monthly active users (MAUs) of its Android and iOS browsers during the second quarter grew 66% in the UK and 40% in the US, year over year. The growth signals Opera's increasing popularity in the world's most competitive and high-value consumer markets.

Growth of MAU on mobile Growth isn't just confined to the US and the UK – in Europe, the momentum Opera reported last year is still playing out. Mobile growth accelerated after the EU's 2024 Digital Markets Act (DMA), which introduced a ballot screen giving iOS users a real choice of mobile browser for the first time, and provided Android users – who could already choose – with more visibility of the available browser options. Opera One for iOS grew 42% across Europe during the last year, with the sharpest gains in France, up 103%.

A story of growth in the US and the UK

In the US, Opera One for iOS grew 50% and Opera One for Android grew 30%. The UK, respectively, saw 93% MAU growth on iOS and 50% on Android year over year.

"Our growth comes from people purposefully choosing us," said Jørgen Arnesen, EVP Mobile at Opera. "What we're seeing now is that growth is spreading to the US and the UK. People are finding their way to us on their own, which tells us the product is doing the work."

Building with our users in mind

Years of consistent growth have shown that while regulation can aid user acquisition, it does not guarantee retention – users might give a new product a try, but it has to deliver value in order for them to stay. And, as user feedback indicates, those new to Opera are staying due to a suite of core features that elevate Opera above alternative mobile browsers. They include:

A no-log, free, unlimited VPN with no subscription or data cap A native ad blocker that cuts load times and clears the clutter out. Intuitive tab management, including automatic grouping through Tab Islands and instant tab search A built-in browser AI that helps users search, generate content, and get answers directly inside the browser, without switching apps or opening a separate website Opera continues to innovate upon these core features: Opera One for iOS's latest update, for instance, gives users an updated synchronization system that lets them sync their Opera tabs, bookmarks, and passwords from desktop to iPhone and vice versa. It also adds media controls to the tab interface, so users can see which tabs are playing sound and mute or unmute them. The browser AI gets new capabilities as well, with users now able to input multimodal prompts and upload files from their iPhone directly.

Opera for Android – which recently celebrated its milestone 100th version – meanwhile shipped a redesigned start page and a dedicated football hub ahead of all of this summer's football action, bringing live scores, match stats, and player pages directly into the browser. Since it was released, there has been a 70% increase in visitors to the scores section in Opera for Android compared to the levels normally seen during the English Premier League season. These users are not superficial: they are going deep into the feature seeking goal alerts, match stats, and commentary. 466

The football hub embodies Opera's philosophy: listen to what users want, and then build solutions directly into the browser instead of asking them to download yet another app or add-on.

Opera One for Android and Opera One for iOS are available to download on the Google Play Store and App Store.

About Opera

Opera is a user centric and innovative software company focused on enabling the best possible internet browsing experience across all devices. Hundreds of millions worldwide use Opera's mobile and desktop browsers for their speed, security and unique features, enhanced with integrated AI that enables users to navigate and interact with the web in new transformative ways. Founded in 1995 and headquartered in Oslo, Norway, Opera is listed on the Nasdaq stock exchange under the ticker symbol OPRA. Download Opera products from opera.com and learn more about Opera at investor.opera.com.

SOURCE Opera Limited

Here are three stocks with buy rank and strong income characteristics for investors to consider today, March 26:

Opera Limited (OPRA - Free Report) : This web browser company witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.6% the last 60 days.

This Zacks Rank #1 company has a dividend yield of 5.6%, compared with the industry average of 0.0%.

Li Ning Company Limited (LNNGY - Free Report) : This sports brand company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.1% the last 60 days.

This Zacks Rank #1 company has a dividend yield of 3.2%, compared with the industry average of 0.0%.

Equinor ASA (EQNR - Free Report) : This energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 24.3% in the last 60 days.

This Zacks Rank #1 company has a dividend yield of 3.0%, compared with the industry average of 2.1%.

See the full list of top ranked stocks here.

Find more top income stocks with some of our great premium screens.

Posted by Defense World Staff on Mar 29th, 2026

Weibo (NASDAQ:WB – Get Free Report) and Opera (NASDAQ:OPRA – Get Free Report) are both computer and technology companies, but which is the better stock? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, earnings, valuation, profitability, risk and dividends.

Insider and Institutional Ownership 68.8% of Weibo shares are owned by institutional investors. Comparatively, 10.2% of Opera shares are owned by institutional investors. 41.3% of Weibo shares are owned by insiders. Comparatively, 84.4% of Opera shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Earnings & Valuation This table compares Weibo and Opera”s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Weibo $1.76 billion 1.19 $449.02 million $1.70 5.05 Opera $614.83 million 1.97 $108.28 million $1.19 11.34 Weibo has higher revenue and earnings than Opera. Weibo is trading at a lower price-to-earnings ratio than Opera, indicating that it is currently the more affordable of the two stocks.

Analyst Recommendations This is a breakdown of recent recommendations for Weibo and Opera, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Weibo 0 1 1 0 2.50 Opera 0 1 4 1 3.00 Weibo currently has a consensus target price of $14.00, suggesting a potential upside of 63.17%. Opera has a consensus target price of $22.75, suggesting a potential upside of 68.64%. Given Opera’s stronger consensus rating and higher possible upside, analysts clearly believe Opera is more favorable than Weibo.

Risk & Volatility Weibo has a beta of 0.13, meaning that its stock price is 87% less volatile than the S&P 500. Comparatively, Opera has a beta of 1.13, meaning that its stock price is 13% more volatile than the S&P 500.

Dividends Weibo pays an annual dividend of $0.80 per share and has a dividend yield of 9.3%. Opera pays an annual dividend of $0.78 per share and has a dividend yield of 5.8%. Weibo pays out 47.1% of its earnings in the form of a dividend. Opera pays out 65.5% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Weibo is clearly the better dividend stock, given its higher yield and lower payout ratio.

Profitability This table compares Weibo and Opera’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Weibo 25.55% 10.63% 5.87% Opera 17.61% 8.00% 7.12% Summary Opera beats Weibo on 9 of the 17 factors compared between the two stocks.

About Weibo (Get Free Report)

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform. It also provides advertising and marketing solutions, such as social display advertisements; and promoted marketing offerings, such as Fans Headline and Weibo Express promoted feeds, as well as promoted trends and search products that appear alongside user’s trends discovery and search behaviors. In addition, the company offers products, such as trends, search, video/live streaming, and editing tools; content customization, copyright contents pooling, and user interaction development; and search list recommendation, trends list recommendation, and Weibo app opening advertisements. Further, it provides back-end management, traffic support, and product services for better displaying and promotion of its account and content; open application platform for other app developers that allows users to log into third-party applications with their Weibo account for sharing third-party content on its platform; and Weibo Wallet, a product that enables platform partners to conduct interest generation activities on Weibo, such as handing out red envelops and coupons. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, the People’s Republic of China.

About Opera (Get Free Report)

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; Opera Touch; 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 Opera Crypto Browser for PCs and mobile; 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 Kunlun Tech Limited.

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Posted by Defense World Staff on Apr 2nd, 2026

Beyond Commerce (OTCMKTS:BYOC – Get Free Report) and Opera (NASDAQ:OPRA – Get Free Report) are both small-cap computer and technology companies, but which is the better business? We will compare the two companies based on the strength of their dividends, valuation, earnings, analyst recommendations, profitability, institutional ownership and risk.

Analyst Recommendations This is a breakdown of current recommendations and price targets for Beyond Commerce and Opera, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Beyond Commerce 0 0 0 0 0.00 Opera 0 1 4 1 3.00 Opera has a consensus price target of $22.75, suggesting a potential upside of 56.90%. Given Opera’s stronger consensus rating and higher possible upside, analysts plainly believe Opera is more favorable than Beyond Commerce.

Volatility and Risk Beyond Commerce has a beta of -1.61, suggesting that its share price is 261% less volatile than the S&P 500. Comparatively, Opera has a beta of 1.22, suggesting that its share price is 22% more volatile than the S&P 500.

Profitability This table compares Beyond Commerce and Opera’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Beyond Commerce N/A -94.42% 707.65% Opera 17.61% 8.00% 7.12% Institutional & Insider Ownership 10.2% of Opera shares are owned by institutional investors. 1.0% of Beyond Commerce shares are owned by insiders. Comparatively, 84.4% of Opera shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Earnings and Valuation This table compares Beyond Commerce and Opera”s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Beyond Commerce $2.59 million 0.64 $3.32 million N/A N/A Opera $614.83 million 2.11 $108.28 million $1.19 12.18 Opera has higher revenue and earnings than Beyond Commerce.

Summary Opera beats Beyond Commerce on 12 of the 13 factors compared between the two stocks.

About Beyond Commerce (Get Free Report)

Beyond Commerce, Inc. engages in the business-to-business Internet marketing technology and services, and information management market businesses. It offers content, business process management, customer feedback management, customer experience management, business network, and BYOC analytics services. The company was formerly known as BOOMj, Inc. and changed its name to Beyond Commerce, Inc. in February 2009. Beyond Commerce, Inc. is based in Las Vegas, Nevada.

About Opera (Get Free Report)

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; Opera Touch; 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 Opera Crypto Browser for PCs and mobile; 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 Kunlun Tech Limited.

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On April 13, 2026, Opera Ltd OPRA shares rose 3.2% to a current price of $15.22. This increase comes amid a 52-week range of $11.71 to $21.06, indicating significant volatility over the past year.

GF Value™ verdict: Current price $15.22 vs GF Value™ of $22.36, indicating a 31.9% undervaluation.GF Score™ of 86/100 (Strong), suggesting a solid investment profile.Most notable signal: Financial Strength scored 10/10, indicating a robust financial position. Is OPRA Overvalued or Undervalued? Based on the GF Value™, Opera Ltd is currently undervalued. The shares are trading at $15.22, significantly below the GF Value™ estimate of $22.36, which represents a margin of safety of 31.9%. This undervaluation indicates a potential opportunity for investors, as the stock is positioned well below its estimated intrinsic value. The GF Valuation label categorizes OPRA as significantly undervalued, suggesting that there is room for growth should the market recognize its true worth.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the substantial gap between the current price and the GF Value™, there is an opportunity for price appreciation, although investors should be cautious, as external market factors could impact stock performance in the short term.

How Does OPRA's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 12.8x 13.9x Forward P/E 10.6x N/A Opera Ltd's current P/E ratio of 12.8x is below its 5-year median P/E of 13.9x, indicating that the stock is trading at a lower valuation compared to its historical averages. This analysis aligns with the GF Value™ verdict, reinforcing the notion that the current valuation presents an attractive investment opportunity.

What Does OPRA's GF Score™ Tell Us? Metric Rating GF Score™ 86 Financial Strength 10/10 Profitability 7/10 Growth 9/10 Valuation 4/10 Momentum 5/10 The GF Score™ of 86/100 indicates that Opera Ltd ranks strongly across several key metrics. The highest score is in Financial Strength, reflecting a robust balance sheet and stable financial position. In contrast, the Valuation rank of 4/10 shows that there may be concerns regarding its current stock price relative to its earnings. Overall, the high GF Score™ suggests a well-rounded company with solid fundamentals, although there is room for improvement in its valuation metrics.

What Are Insiders Doing with OPRA Stock? There have been no insider transactions in the last three months for Opera Ltd. This lack of activity suggests that insiders may not currently see a pressing need to buy or sell shares, which could imply confidence in the company's current valuation and future prospects.

What This Means for Investors Given the current price of $15.22 compared to the GF Value™ of $22.36, Opera Ltd is assessed as undervalued. This presents a potential opportunity for investors looking for stocks that may appreciate towards their intrinsic value.

For the complete analysis, visit the Opera Ltd OPRA stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is OPRA's GF Score™?

OPRA's GF Score™ is 86/100, indicating a strong investment profile based on various financial metrics.

Is OPRA overvalued or undervalued?

Opera Ltd is currently undervalued, with a GF Value™ of $22.36 compared to its current price of $15.22, suggesting significant upside potential.

What is OPRA's P/E ratio?

OPRA's P/E (TTM) is 12.8x, which is below its 5-year median P/E of 13.9x, indicating that the stock is trading at a lower valuation compared to its historical averages.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

, /PRNewswire/ -- Opera [NASDAQ: OPRA] is once again redefining the relationship between browsers and artificial intelligence with the launch of Browser Connector. This new, free, feature in Opera One and Opera GX allows users to invite their favorite AI tools - like ChatGPT and Claude - directly into their live browsing sessions via MCP, providing the AI with full, real-time context of open tabs and active content.

Opera introduces Browser Connector to connect ChatGPT and Claude to Opera and let it see the user's tabs. Until now, using external AI services required a constant, clunky "person-in-the-middle" routine of recreating context for your AI. Browser Connector eliminates this friction. Whether you are researching the best LED facemask to buy for your friend or performing research with dozens of open tabs, your AI of choice no longer needs you to provide it with the context: it can now access and read page content, understand open tabs, and even take screenshots to analyze images or graphs - you can now allow Claude or ChatGPT to access your browser session.

A commitment to user choice
Beyond the technical upgrade, Browser Connector reinforces Opera's long-standing advocacy for user choice over ecosystem lock-in.

"With Browser Connector, Opera ensures users aren't bound to a single company's ecosystem, but are instead free to combine the best tools for their specific needs," said Mohamed Salah, Senior Director of Product at Opera.

Opera remains dedicated to an open AI strategy, having integrated ChatGPT in early 2023, followed by its own multi-LLM AI. The Browser Connector feature simplifies the advanced MCP technology first introduced in Opera Neon, making it accessible for everyone in Opera One and Opera GX.

Availability
Browser Connector is available for free today in Opera One and Opera GX  in Early Bird mode - the browsers' testing environment. To get started, users can head to Settings, search for "AI Services," and install the Browser Connector feature. They then have to connect ChatGPT or Claude to the feature.

About Opera
Opera is a user-centric and innovative software company focused on enabling the best possible internet browsing experience across devices. Hundreds of millions of people use Opera browsers for their unique features on mobile phones and desktop computers. Founded in 1995 and headquartered in Oslo, Norway, Opera is publicly listed on the Nasdaq stock exchange under the ticker symbol OPRA. Download Opera browsers and other Opera products at opera.com. Learn more at investor.opera.com.

SOURCE Opera Limited

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.

AudioCodes Ltd (NASDAQ:AUDC)Opera Ltd (NASDAQ:OPRA)Skyworks Solutions Inc (NASDAQ:SWKS)Photo via Shutterstock

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The Zacks Internet - Content has been suffering from challenging macroeconomic conditions globally, which is having a detrimental effect on advertising spending, the primary revenue source for industry participants. However, industry participants like Opera Limited (OPRA - Free Report) and Similarweb (SMWB - Free Report) are expanding their presence across social media, display and connected TV and search, driving top-line growth. These companies are benefiting from solid demand for digital offerings, as well as the increasing importance of video content and cloud-based applications. The rapid deployment of AI, Generative AI and large language models is aiding industry players in enhancing the recommendation and search functions of their platforms, thereby improving user experience. 

Industry Description The Zacks Internet - Content industry comprises providers of video encoding platforms, personal services, Internet content and information, staffing and outsourcing services, publishing, capital markets, media-based, home service, digital insights and measurement, stock photo, video and music licensing, and online travel companies. The industry is witnessing a rapid change in consumer behavior and ongoing digitalization. Advertising is a major revenue source for industry participants. Therefore, these companies are trying to expand their digital presence to win customers. They are also expanding their presence across social media, display, connected TV and search. Apart from the United States, a number of companies in this industry are located in Israel, the U.K., Germany, Russia and China.

3 Trends Shaping the Future of the Internet - Content Industry Demand for Digital Offerings Growing: The industry is characterized by rapid technological change, frequent product and service introductions, and evolving standards. An expanding range of mobile, digital and cloud-based offerings by industry participants is a major growth driver. The proliferation of smart devices and the increasing automation of the application development process bode well.

Industry Prospects Driven by Ad Spending Rate: Industry participants are focusing on marketing efforts to boost traffic to websites. Advertising and subscriptions are major revenue sources for these companies. The industry is dependent on consumer spending trends, making holiday spending a major deciding factor. However, macroeconomic challenges are expected to hurt ad spending in the near term.

Increasing Regulations Mar Prospects: Industry participants involved in online search and other social networking activities are increasingly facing regulatory pressure, particularly in China and the European Union (“EU”). The China government has a number of regulations related to direct advertising, which is a prime revenue source for these companies. The implementation of the General Data Protection Regulation in the EU adds to the concerns. Enactment of the Digital Markets Act (DMA) in the EU aims to prevent large online platforms that connect users with content, goods, information and services from abusing their market power. The DMA adds to the headwinds faced by Internet content providers in the EU.

Zacks Industry Rank Indicates Dim Prospects The Zacks Internet - Content industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #145, which places it in the bottom 41% of more than 250 Zacks industries.

The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates dim near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.

The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. Since Jan. 31, 2026, the Zacks Consensus Estimate for the industry’s 2026 earnings has moved down 2%.

Given the bearish industry outlook, there are only a few stocks worth buying. But before we present the stocks that you may want to consider for your portfolio, let us take a look at the industry’s recent stock market performance and valuation.

Industry Lags S&P and Sector The Zacks Internet - Content industry has underperformed the broader Zacks Computer and Technology sector, as well as the S&P 500 composite, over the past year.

The industry has dropped 11.6% over this period compared with the S&P 500 sector’s appreciation of 4.8% and the 8.6% rise of the broader sector.

One-Year Price Performance

Industry's Current Valuation On the basis of the trailing 12-month price-to-sales ratio (P/S), which is a commonly used multiple for valuing Internet – Content stocks, we see that the industry is currently trading at 4.07X compared with the S&P 500’s 6.05X and the sector’s 8.67X.

Over the last five years, the industry has traded as high as 6.37X and as low as 3.25X, the median being 5.34X, as the charts below show.

Trailing 12-Month Price-to-Sales (P/S) Ratio

2 Internet Stocks to Buy Opera: This Zacks Rank #1 (Strong Buy) stock is riding on high-margin growth from browser-based monetization, combining advertising, search/query revenue, and emerging AI-driven user intent monetization. You can see the complete list of today’s Zacks #1 Rank stocks here.

Strong execution in e-commerce ads and query expansion is driving more than 20% revenue growth and rising average revenue per user, while AI integration enhances user engagement without heavy infrastructure costs. New products (Opera AI, Neon) and adjacencies like MiniPay expand optionality.

The Zacks Consensus Estimate for Opera’s 2026 earnings has been steady at $1.42 per share over the past 30 days. OPRA shares have surged 19.4% year to date (YTD).

Price & Consensus: OPRA

Similarweb: This Zacks Rank #2 (Buy) stock is becoming a critical data layer in the AI ecosystem, leveraging its proprietary digital data moat to serve enterprises, large language models (LLMs), and AI agents. AI revenue is accelerating with large LLM data deals and partnerships (e.g., Manus) expanding TAM and monetization avenues. Transitioning from build to scale, Similarweb’s growth will be driven by enterprise expansion, AI-first products, and data licensing, though near-term volatility stems from lumpy large deals and slower core growth.

The Zacks Consensus Estimate for SMWB’s 2026 earnings has been steady at 20 cents per share over the past 30 days. Similarweb shares have dropped 65.3% on a YTD basis.

Price & Consensus: SMWB
 

Opera Limited (OPRA) Q1 2026 Earnings Call Transcript

Finding undervalued companies and holding them for the long run is one of the best ways to make money in the stock market, especially if those companies have been clocking outstanding growth.

We are going to take a closer look at two such value stocks in this article -- Micron Technology (MU +2.39%) and Opera (OPRA +0.34%). Both companies have been experiencing solid growth, and the good news is that they can be bought at really attractive valuations right now.

Let's take a closer look at their prospects and check why buying these two stocks right now could turn out to be a smart move.

Image source: Micron Technology.

1. Micron Technology: Accelerating memory prices should ensure that its red-hot growth continues Micron Technology is already on a terrific bull run in 2026. Micron stock has already jumped 90% this year, as of this writing. Even then, it is trading at just 26 times trailing earnings, a discount to the tech-focused Nasdaq-100 index's earnings multiple of 34.

Today's Change

(

2.39

%) $

21.28

Current Price

$

913.16

The stock's forward earnings multiple of 5.5 makes it clear it is a massive bargain right now, as booming memory demand and a favorable pricing environment will drive stunning earnings growth for the company. The good news for Micron investors is that the increase in memory pricing shows no signs of slowing.

Market research firm TrendForce estimates that dynamic random-access memory (DRAM) contract prices could increase by 58% to 63% sequentially in the second quarter. Meanwhile, the contract prices of storage-oriented NAND flash memory could jump by 70% to 75% in the current quarter.

DRAM accounted for 79% of Micron's revenue in the previous quarter, with the rest coming from NAND flash sales. The persistent increase in the prices of these memory chips, which are used in various kinds of artificial intelligence (AI) accelerator chips, will remain a tailwind for Micron for the rest of the year.

Financial services provider D.A. Davidson recently initiated coverage on Micron stock. The firm rates Micron as a buy and has a $1,000 price target, which is the highest among Wall Street analysts. Davidson analyst Gil Luria notes that AI is creating a strong, long-lasting demand cycle for memory chips, which should ensure the favorable pricing environment that has fueled Micron's growth continues.

The firm's price target suggests that Micron could jump 84% from current levels. However, don't be surprised to see Micron crush D.A. Davidson's price target as its earnings in fiscal 2027 (which begins in late August this year) are expected to hit $101.47 per share. If Micron trades at even 20 times earnings at the end of fiscal 2027, its stock price could be more than double the firm's price target.

So, it isn't too late for investors to buy this growth stock as its phenomenal rally is here to stay.

2. Opera: This web browser company is quietly making investors richer Opera's web browsers are used by approximately 6% of global internet users. The company has been able to monetize its sizable user base by offering premium slots to advertisers on the landing pages of its browsers, as well as by directing search queries to partner websites with whom it has revenue-sharing agreements.

Today's Change

(

0.34

%) $

0.06

Current Price

$

17.55

The company released its first-quarter 2026 results on April 28. It reported a 23% year-over-year increase in revenue to $176 million, which exceeded its guidance range. Importantly, Opera's focus on adding high-value users led to a strong year-over-year jump of 25% in its annualized average revenue per user (ARPU) to $2.43. This explains the 28% year-over-year jump in Opera's earnings to $0.34 per share during the quarter.

Importantly, Opera is looking to push the envelope on the product development front to strengthen monetization of its huge monthly active user (MAU) base of 288 million. The company's MiniPay Stablecoin wallet, launched in September 2023, has gained impressive traction among users. The company notes that MiniPay had 15 million cumulative activated wallets in March 2026, a jump of 123% year over year.

Opera supports transactions in more than 40 currencies across 66-plus countries, so it won't be surprising to see this payments platform gaining further traction. Moreover, Opera has raised its full-year guidance and now expects 19% revenue growth in 2026 at the midpoint, up from its earlier expectation of an 18.5% increase in revenue.

What's more, analysts are anticipating strong double-digit earnings growth from Opera going forward.

OPRA EPS Estimates for Current Fiscal Year data by YCharts

With the stock trading at just 15 times earnings, buying it is a no-brainer right now. This growth stock could surge higher following the 31% gains it has clocked so far in 2026, as the market could reward its solid growth with a higher valuation.

Opera Ltd (OPRA) delivered a double beat and raised guidance, reinforcing my strong buy rating. Q1 revenue grew 23% y/y to $175.7m, with ARPU up 25% and profitability metrics expanding. OPRA's cash flow surged, supporting a robust $280m buyback program and ongoing innovation.