Opera fourth quarter revenue and adjusted EBITDA expected to exceed top-end of guidance ranges
January 11 2021 - 8:30AM
Opera Limited (NASDAQ: OPRA), one of the world’s major browser
developers and a leading internet consumer brand, announced today
it expects fourth quarter 2020 results to exceed the top-end of
both its revenue and adjusted EBITDA guidance ranges. Opera had
initially guided to fourth quarter revenue of $45 to $47 million
and adjusted EBITDA of $10 to $12 million.
“The fourth quarter was a strong end to 2020. We continued to
exceed our expectations both on users and monetization, leading to
a significant acceleration in our year-over-year search &
advertising growth rates,” said Song Lin, Co-CEO. “Further,
execution in our core business is expected to drive accelerating
year-over-year growth rates in 2021 before factoring in any
potential from our new initiatives.”
Opera plans to report its full fourth quarter and full-year 2020
results on February 25th, 2021.
Safe harbor statement
This press release contains statements of a forward-looking
nature. These statements, including statements relating to the
Company’s future financial and operating results, are made under
the “safe harbor” provisions of the U.S. Private Securities
Litigation Reform Act of 1995. All information provided in this
press release is as of the date hereof, and the Company 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. Further information regarding risks and
uncertainties faced by Opera is included in the Company’s filings
with the U.S. Securities and Exchange Commission, including its
annual reports on Form 20-F.
About Opera
Opera is a global web innovator. Opera’s browsers, news products
and fintech solutions are the trusted choice of more than 380
million users worldwide. Opera is headquartered in Oslo, Norway and
listed on the NASDAQ stock exchange (OPRA).
Investor Relations Contact:
Derrick Nuemaninvestor-relations@opera.com or (408) 596-3055
For media enquiries, please contact: press-team@opera.com
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