Opera reports Q1 EPS 17c, consensus 24c

Reports Q1 revenue $87.05M, consensus $100.13M. “We are off to a strong start to the year with revenue and profitability coming in ahead of expectations. We are able to drive this outperformance by focusing on innovating new features that are valued by users, globally,” said co-CEO Lin Song. “I am particularly proud of our ability to move rapidly in the area of generative AI, with our feature drops now allowing our users to run large language models locally on their own machines as an integrated experience in Opera One. As evidenced by the strong user growth of Opera GX as well as the significant lift in new iOS users in the EU following the Digital Markets Act, Opera’s consumer awareness continues to grow among high-ARPU users that are increasingly looking for a differentiated alternative to system default browsers,” continued Song.