Opera’s Financial Outlook Strengthens on Robust User Growth

Opera has revised its financial guidance upward for the recently concluded fiscal year, surpassing its previous targets. This outperformance is primarily attributed to a significant expansion in its base of high-value users across Western markets. The key question for investors now is whether this momentum can be sustained into the new fiscal period.

The company's profitability metrics are showing considerable strength. For the full year 2025, adjusted EBITDA is now projected to exceed $141 million, coming in above the high end of prior estimates. This margin expansion appears to be supported by a dual effect of user growth and increased efficiency within its advertising business.

On the revenue front, Opera anticipates its fourth-quarter sales to surpass $170 million. This figure notably exceeds its earlier forecast range of $162 to $165 million. Company leadership credits this outperformance to more effective digital advertising monetization and productive partnerships with search engine providers. A strategic focus on acquiring users with a high average revenue per user (ARPU) in developed regions is yielding clear financial benefits, contributing to a total 2025 revenue projection of over $608 million. This represents a year-over-year increase of 26%.

Strategic Initiatives in Crypto and Gaming

Beyond its core financial metrics, Opera continues to advance its product roadmap. The integration of stablecoins, including USDT, into its proprietary MiniPay wallet is designed to bolster its position in emerging economies. Simultaneously, its dedicated gaming browser, Opera GX, is forging partnerships with industry leaders such as Wargaming. These collaborations aim to deepen engagement within the gaming community by offering exclusive content and features.

Should investors sell immediately? Or is it worth buying Opera?

Regulatory and Competitive Landscape

Opera remains active on the regulatory front in its competition with larger rivals. A complaint filed against Microsoft in Brazil during July 2025 is still pending. The allegation centers on claims that Microsoft’s system defaults in the Windows operating system unfairly disadvantage competing browser providers. Brazil's Administrative Council for Economic Defense (CADE) is continuing its preliminary investigation into the matter.

The company is scheduled to release its audited full-year financial results on Thursday, February 26, 2026. A detailed breakdown of profitability metrics and strategic guidance for the 2026 fiscal year will follow ahead of the opening of U.S. markets.

Key Revised Guidance Highlights:
* Q4 Revenue: Exceeds $170 million (prior guidance: $162–165 million)
* Full-Year 2025 Revenue: Over $608 million (a 26% increase year-over-year)
* Full-Year Adjusted EBITDA: Projected above $141 million
* User Growth: Addition of approximately 2 million high-ARPU users