NASDAQ$OPRA
Opera Limited · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Opera Q4 2024: $145.8M revenue (+29%), $33.0M adjusted EBITDA, adjusted EPS $0.28
Opera Limited reported Q4 2024 revenue of $145.8 million, up 29% year over year and above guidance, driven by 38% advertising revenue growth to $93.3 million and 17% search revenue growth to $52.3 million. Adjusted EBITDA rose 19% to $33.0 million for a 23% margin, also exceeding guidance. Operating profit was $27.6 million (19% margin). Net income was $28.7 million ($0.32 diluted EPS) versus $107.5 million in Q4 2023 when OPay fair-value gains boosted results; adjusted net income grew 17% to $24.8 million with adjusted diluted EPS of $0.28. Full-year 2024 revenue reached $480.6 million (+21%) with adjusted EBITDA of $115.3 million (24% margin).
- Q4 revenue of $145.8 million grew 29% YoY, beating guidance on accelerated advertising monetization.
- Adjusted EBITDA of $33.0 million (23% margin) exceeded the guidance range.
- Advertising revenue grew 38% to $93.3 million; search revenue rose 17% to $52.3 million.
- Adjusted diluted EPS was $0.28; annualized ARPU reached $1.97, up 37% YoY.
- Q1 2025 guidance: revenue $130–133M (+29%) and adjusted EBITDA $28–30M (22% margin).
Headline financials
Revenue & EPS history
Opera · Revenue · Quarterly
$146M
Revenue by segment
Opera · $146M total across 2 segments · Q4 2024
- Advertising$93.3M—64.1%
- Search$52.3M—35.9%
Forward guidance
Opera guides Q1 2025 revenue of $130–133 million (+29%) with adjusted EBITDA of $28–30 million (22% margin), and full-year 2025 revenue of $555–570 million with adjusted EBITDA of $132–138 million (24% margin).
Tailwinds
- E-commerce advertising partnerships drove 800 bps upside versus Q4 revenue guidance.
- Opera GX MAUs reached 33.9 million, up 22% YoY.
Headwinds
- Total user base was stable at 296M MAUs as lower-monetization users declined.
- Reported net income fell 73% YoY due to smaller OPay fair-value gains.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+3.0%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+2.2%
Avg return
30 days after
55%
16 / 29 earnings
Positive
+26.0%
Q2 2024
Best reaction
-25.6%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +23.5% | +0.1% | — | |
| Q3 2025 | -3.7% | -7.1% | -12.2% | |
| Q2 2025 | -5.0% | -5.7% | +15.3% | |
| Q4 2024 | -2.1% | -5.4% | -11.9% | |
| Q3 2024 | +10.9% | +6.5% | +16.1% | |
| Q2 2024 | +26.0% | +21.0% | +13.4% | |
| Q1 2024 | -7.9% | -13.9% | -3.9% | |
| Q4 2023 | +21.2% | +10.3% | +35.9% | |
| Q3 2023 | +11.2% | +8.4% | +13.8% | |
| Q2 2023 | -16.1% | -1.2% | -14.2% | |
| Q1 2023 | +5.3% | -1.9% | +35.7% | |
| Q4 2022 | +23.7% | +23.1% | +37.6% | |
| Q3 2022 | +5.1% | +18.3% | +28.3% | |
| Q2 2022 | -1.8% | -5.3% | -7.3% | |
| Q1 2022 | +8.8% | +15.4% | +1.5% | |
| Q4 2021 | -11.6% | -18.1% | -25.4% | |
| Q3 2021 | -10.7% | -14.1% | -15.0% | |
| Q2 2021 | -5.8% | -5.4% | -0.2% | |
| Q1 2021 | +5.5% | +0.4% | +6.6% | |
| Q4 2020 | +4.2% | +7.7% | -10.2% | |
| Q3 2020 | -4.2% | -2.3% | -5.5% | |
| Q2 2020 | -25.6% | -11.5% | -15.6% | |
| Q1 2020 | -11.3% | -13.1% | +17.5% | |
| Q4 2019 | +13.7% | +13.3% | -22.4% | |
| Q3 2019 | +13.3% | +3.9% | -0.3% | |
| Q2 2019 | +12.2% | +10.5% | -12.1% | |
| Q1 2019 | -1.6% | +13.4% | +21.5% | |
| Q4 2018 | +4.4% | +6.0% | -19.4% | |
| Q3 2018 | +6.6% | +0.6% | -5.7% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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