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For investors, Opera’s Q4 results are a step in the right direction as the company continues with expansion plans
Opera, the software company that owns the widely-used Opera browser and content platform, Opera News, has released its results for the fourth quarter of 2020. The company posted strong results for the quarter with $50.4 million in revenue.
Thatâs an increase of 19% from Q3 when its revenue was $42.4 million. Most of this growth was driven by its search and advertising business which brought in a revenue of $48.9m.Â
It has been able to monetize its platform even more because it is growing its users at a breakneck pace – Opera says it added 29 million users in 2020.
Opera Ltd (OPRA) Q4 2020 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble.
Opera Ltd (NASDAQ: OPRA)
Welcome to Opera Limited Fourth Quarter 2020 Earnings Call. [Operator Instructions]
I would now like to turn the call over to your speaker today, Derrick Nueman, Head of Investor Relations, please begin.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company s SEC filings. Please see our
Opera Mini boasts more than 100M users worldwide and is one of the most widely used mobile browsers in emerging markets, where populations are largely mobile-first and reliant on paid data plans. With features like Data Compression, Offline File Sharing, and built-in Ad-blocker, the app saves users roughly 90% on data use and enables safe, fast browsing where unlimited data isn t the norm. By integrating chat functionality, Opera Mini users can now browse, chat and seamlessly share content – a key use case within messaging services – within a single, data-saving app. Chat services and browsers are apps people use every day and feel very personal about, said Charles Hamel, Product Lead for Hype
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