Opera Limited (OPRA): history, ownership, mission, how it works & makes money

A Brief History of Opera Limited (OPRA)

Founding and Early Years

Opera Limited was founded in 1995 by Jon Stephenson von Tetzchner and Geir Ivarsøy in Norway. Initially launched as a web browser company, Opera's first version, Opera 2.0, was released in 1996.

Growth and Development

In 2000, Opera expanded its product line by introducing the Opera Mobile browser. By 2004, Opera had reached a milestone with over 15 million downloads worldwide.

Initial Public Offering (IPO)

Opera Limited went public on the NASDAQ stock exchange on July 27, 2018, under the ticker symbol OPRA. The company raised approximately $57 million in its IPO.

Financial Performance

As of Q2 2023, Opera reported revenues of $34.4 million, marking an increase of 28% year-over-year.

The following table outlines Opera Limited's financial performance from 2019 to 2023:

Acquisitions and Expansions

In 2020, Opera acquired YoYo Games, a game development platform, for approximately $10 million. This acquisition aimed to diversify Opera's offerings in mobile gaming.

User Base Statistics

As of 2023, Opera has reported over 380 million monthly active users across its suite of products, including Opera Browser and Opera GX, a gaming-focused browser.

Recent Developments

In 2022, Opera launched a Web3 wallet integrated into its browser, aiming to tap into the growing demand for blockchain-related services. This initiative focuses on enhancing security and ease of use for cryptocurrency transactions.

Partnerships and Collaborations

Opera has partnered with various tech companies, including Tidal and various cryptocurrency platforms, to enhance its integrated services. For example, the partnership with Tidal allowed Opera users to access music streaming directly from the browser.

Market Position

As of October 2023, Opera holds a market share of approximately 2.5% in the global browser market, competing with larger players such as Google Chrome and Mozilla Firefox.

A Who Owns Opera Limited (OPRA)

Ownership Structure

Opera Limited (NASDAQ: OPRA) has a diverse ownership structure comprising institutional investors, retail investors, and insiders. As of the latest available data:

Major Shareholders

Key institutional shareholders include:

Insider Holdings

Significant insider shareholders include:

Recent Financial Performance

Opera Limited reported its financials for Q2 2023:

• Revenue: $61 million
• Net Income: $12 million
• Operating Cash Flow: $15 million
• EBITDA: $18 million

Market Capitalization

As of October 2023, Opera Limited's market capitalization is approximately:

• $600 million

Stock Performance

Opera's stock performance in 2023 has been notable:

• YTD Return: +25%
• 52-Week High: $12.00
• 52-Week Low: $6.50

Recent Developments

In mid-2023, Opera announced:

• A partnership with a major telecommunications provider to enhance service offerings.
• Investment in AI-driven features for their browsers.

Conclusion on Ownership

Based on the above data, the ownership of Opera Limited is diverse with significant stakes held by institutional investors and insiders, indicative of strong confidence in the company's future performance and value in the digital space.

Opera Limited (OPRA) Mission Statement

Company Overview

Opera Limited operates as a global internet consumer company. It is known for its flagship product, the Opera browser, which emphasizes speed, security, and user privacy.

Mission Statement

Opera Limited’s mission is to “Provide a fast, secure, and convenient internet experience for users around the world, thereby democratizing access to information and enhancing digital freedom.”

Core Values

• Innovation: Continuously pushing the boundaries of technology.
• User Privacy: Prioritizing user security and data protection.
• Accessibility: Striving to make the internet available to everyone.
• Community Engagement: Fostering a vibrant community of users.

Financial Performance

As of October 2023, Opera Limited reported the following key financial metrics:

User Base and Reach

Opera Limited has a significant global reach, serving millions of users worldwide:

Product Offerings

Opera Limited offers a variety of products designed to enhance user experiences:

• Opera Browser
• Opera GX (gaming browser)
• Opera News
• Opera VPN

Technological Innovations

Opera Limited focuses on several key technological innovations:

• AI Integration: Utilization of artificial intelligence to enhance browsing experiences.
• Blockchain Technology: Integration of cryptocurrency features into the browser.
• Ad Blocker: Built-in ad blocking for improved user experience.

Global Partnerships

Opera Limited has established partnerships with various organizations to expand its services:

• Collaboration with mobile network operators for data-saving features.
• Partnerships with content providers to enhance browser capabilities.
• Engagement with educational institutions to promote digital literacy.

Sustainability Initiatives

Opera Limited is committed to sustainability, focusing on reducing its carbon footprint:

• Energy Efficiency: Promoting energy-efficient browsing.
• Eco-Friendly Practices: Implementing sustainable business practices across operations.
• Community Programs: Supporting community initiatives related to digital access.

How Opera Limited (OPRA) Works

Overview of Opera Limited

Opera Limited is a global technology company known for its web browsers and other internet services. Founded in 1995, the company operates from its headquarters in Oslo, Norway. As of Q2 2023, Opera reported approximately 382 million monthly active users across its various platforms.

Business Model

Opera Limited generates revenue through multiple channels, which include:

• Advertising: The company earns revenue from advertising through its browser and other applications.
• Subscriptions: Opera offers premium features through subscription models.
• Partnerships: Collaborations with other companies for search functionalities and other services.
• Blockchain and Crypto: Involvement in blockchain technology and cryptocurrency services contributes to its revenue.

Financial Performance

For the fiscal year 2022, Opera Limited reported the following financial metrics:

Products and Services

Opera’s primary products include:

• Opera Browser: A multi-platform web browser available on desktop and mobile.
• Opera GX: A gaming browser designed specifically for gamers.
• Opera News: A news aggregation application that curates content based on user preferences.
• Opera Crypto Browser: A browser that provides a seamless experience for crypto users.

User Demographics

As of mid-2023, Opera has a diverse user base with significant penetration in the following regions:

Market Position

Opera Limited holds a notable position in the browser market, claiming approximately 2.3% of the global market share as of the end of Q2 2023. The company competes with major players such as Google Chrome, Mozilla Firefox, and Apple Safari.

Technological Innovations

Opera is known for its continuous innovation in web technology, particularly in:

• Web 3.0: Investing in decentralized internet technologies.
• AI Integration: Utilizing artificial intelligence for personalized user experiences.
• Privacy Features: Offering built-in VPN services and ad-blockers.

Future Prospects

Looking ahead, Opera Limited aims to expand its services in the cryptocurrency sector and enhance user engagement through new features and technologies. The investment in artificial intelligence and enhanced security measures positions the company for future growth.

How Opera Limited (OPRA) Makes Money

Advertising Revenue

Opera Limited generates a significant portion of its income through advertising revenue. In 2022, the company reported approximately $163 million from advertising, accounting for around 81% of its total revenue. This revenue comes from various sources, including:

• Search advertising: Revenue generated from search engines integrated into Opera's products.
• Display advertising: Ads displayed within Opera's browser and other platforms.
• Affiliate marketing: Revenue from partnerships with other companies for promoting services or products.

Subscription Services

Opera also offers subscription services as an additional revenue stream. In 2022, subscription services contributed approximately $38 million, reflecting a growth strategy focusing on premium offerings. Key services include:

• VPN services: Opera offers a premium VPN service that requires a subscription, contributing to recurring revenue.
• Ad-free browsing: Subscription options for users who prefer an uninterrupted experience.

Mobile Payment Solutions

Opera has ventured into mobile payment solutions, enhancing its revenue potential. In 2022, revenue from Opera Pay reached around $26 million. The growth in this segment is fueled by:

• In-app purchases: Monetizing the users' transactions through the platform.
• Transaction fees: Earning commissions on payments processed within the ecosystem.

Content and Digital Services

The company also generates revenue through content and digital services, primarily from its gaming and news platforms. In 2022, this segment accounted for approximately $22 million. Key aspects include:

• Gaming partnerships: Collaborations with game developers that result in revenue-sharing agreements.
• Content licensing: Revenue from licensing third-party content for distribution on its platforms.

Financial Performance Overview

User Base Growth

User growth is crucial for Opera's monetization strategy. As of Q3 2023, Opera reported an active user base of approximately 380 million monthly active users across its various platforms. The growth in user base is a direct contributor to higher advertising revenue. The distribution of active users by platform is as follows:

Market Strategy and Geographic Reach

Opera's market strategy focuses on emerging markets, with a significant presence in regions such as Africa, Asia, and Europe. The geographical revenue distribution is as follows: