Benzinga | Apr 6, 2021 09:38AM EDT

Opera Says Expects Q1 2021 Revs, Adj EBITDA To Exceed Guidance Ranges

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 EBITDA.

"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.