Opera Limited (NASDAQ:OPRA) saw its shares gain nearly 3% in pre-market trading on Tuesday after the browser and AI-driven services company reported second-quarter results that came in ahead of Wall Street expectations and lifted its full-year guidance.
Adjusted earnings per share came in at $0.26, well above analyst projections of $0.20. Revenue surged 30% year-over-year to $143 million, beating the consensus estimate of $137.44 million and topping the company’s own forecast. Advertising revenue jumped 44% to $92.9 million, while search revenue advanced 11% to $49.6 million.
Adjusted EBITDA reached $32.1 million for the quarter, representing a 22% margin and also surpassing prior guidance. The strong results and improved outlook fueled investor optimism around Opera’s growth trajectory.
“Our strong second quarter results, with both revenue and adjusted EBITDA surpassing expectations, were fueled by continued momentum in AI powered intent-based advertising, in particular for e-commerce, and an acceleration to double-digit growth in search revenue,” said Lin Song, Opera’s co-CEO.
Looking ahead, the company lifted its 2025 revenue guidance to a range of $585 million to $597 million, topping the analyst consensus of $576 million. For the third quarter, Opera projects revenue of $146 million to $149 million with an adjusted EBITDA margin of about 24%.
Opera reported 289 million average monthly active users during Q2, while annualized average revenue per user rose 35% year-over-year to $1.97. Its gaming-focused browser, Opera GX, expanded its user base by 11% to reach 33 million average monthly active users across both PC and mobile.
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