Opera reports Q2 EPS 15c vs. (5c) last year

Reports Q2 revenue $94.13M vs. $77.83M last year. “Q2 of 2023 was our 10th consecutive quarter of revenue growth in excess of 20%, fueled by our strong product lineup and continued scaling among high-value users. Revenue outperformance and ongoing cost discipline translated into profits also exceeding our expectations,” said co-CEO Lin Song. “During the quarter we were able to deliver several product updates that point to continued innovation and our ability to quickly iterate…As anticipated, Aria users are displaying increased engagement with the Opera browser, and we remain very excited about the continuation of this roll-out across our user base. In particular, the much anticipated roll-out of Aria to Opera GX is scheduled for the third quarter of 2023. While still early days, we believe that the increased engagement we are already seeing will become an additional driver in our ability to grow monetization as more and more of our users upgrade to newer versions of our browsers and take advantage of this integrated service”.