OSLO, Norway, April 6, 2021 /PRNewswire/ -- Opera Limited
(NASDAQ: OPRA), one of the world's major browser
developers and a leading internet consumer brand, announced today
it expects first quarter 2021 results to exceed both its revenue
and adjusted EBITDA guidance ranges. Opera had initially guided to
first quarter revenue of $46 to
$48 million and breakeven adjusted
"The first quarter demonstrates our continued
strong execution, with our core business performance exceeding our
expectations thanks to combined search and advertising revenue
growth rates in excess of 30% year-over-year", said Frode Jacobsen, CFO. "More broadly,
the momentum in our core businesses, combined with the progress
Opera made this quarter across multiple new initiatives, bolster
our confidence around the sustained growth we can deliver for
shareholders in 2021 and beyond."
Opera plans to report its full first quarter 2021 results on
April 27, 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.
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).
SOURCE Opera Limited