NASDAQ$OPRA

Opera Limited · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Opera reported Q4 2025, revenue of $614.8M, net income of $108.3M.

For Q4 2025, Opera reported revenue of $614.8M, net income of $108.3M. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Revenue $614.8M.
  • Net income $108.3M.
  • Opera MD&A covers liquidity, operations, and outlook.

Headline financials

Total Revenue

$615M

Previous: $146M+321.7%
EPS (adj)

$0.30

Previous: $0.28+7.1%
Adjusted EBITDA Margin

24.0%

No prior period
Net Income Margin

31.0%

No prior period
Average Monthly Active Users

284.0M

No prior period
Opera GX MAUs

34.0M

No prior period
Annualized ARPU

$2.49

No prior period
Net Income

$108M

Previous: $28.7M+277.4%
Operating Income

$28.5M

Previous: $27.6M+3.3%

Revenue & EPS history

Opera · Revenue · Quarterly

$615M

Q4 2025+321.7%vs Q4 2024
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Opera · $143M total across 2 segments · Q2 2025

  • Advertising
    $92.9M
  • Search
    $49.6M

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks; numeric multi-quarter bridges vary by issuer.

Tailwinds

  • MD&A highlights liquidity, capital, and core business trends.
  • Segment or product commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

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 2025

Historical avgQ4 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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