Opera Limited (OPRA) Stock: Soars 23% as Revenue Beats and $300M Buyback Ignites Momentum

TLDR

• Opera jumps 23% to $15.41 on Q4 beat and a fresh $300M buyback plan
• Q4 revenue hits $177.2M as Opera keeps margins steady and lifts guidance
• Ads and query growth power Opera’s rally, with MAUs at 284M and ARPU rising
• Opera posts 28% full-year growth, stronger cash flow, and a bigger return push
• 2026 outlook targets up to 20% growth as AI features and MiniPay scale up

Opera Limited (OPRA) shares surged after reporting strong fourth-quarter results that exceeded its forecasts and supported a major new buyback plan. The stock jumped 23.38% to $15.41 as trading closed, marking its sharpest single-day rise this year. The rally gained speed as the company delivered firm financial growth and expanded its capital return strategy.

Opera Limited, OPRA

Fourth-Quarter Revenue Strength Supports Upbeat Market Reaction

Opera posted fourth-quarter revenue of $177.2 million and exceeded its range after delivering 22% year-over-year growth. The company also lifted adjusted EBITDA to $41.9 million, which represented a 24% margin and topped its target.  The results reinforced its ability to scale revenue while keeping profitability stable.

Advertising revenue rose 25% to $114.4 million and remained the largest contributor to quarterly performance. Query revenue also increased 16% to $62.3 million as non-search categories achieved significant expansion. Therefore, the combined performance highlighted balanced business momentum across multiple revenue lines.

Opera reported 284 million average monthly active users, which supported higher annualized ARPU of $2.49. The company added 2 million new users in Western markets, while Opera GX grew to 34 million monthly users. Additionally, new AI features powered by Gemini models boosted its product suite for more than 80 million PC users.

Full-Year Results Confirm Sustained Growth and Improved Profit Metrics

Opera generated full-year revenue of $614.8 million after reporting 28% year-over-year growth. Adjusted EBITDA reached $142.5 million and represented a 23% margin that underscored efficient scaling.  Annual net income increased 34% to $108.3 million.

Annual advertising and query revenue maintained strong momentum through expanded e-commerce activity and rising intent-based monetization. The company also strengthened its global browser lineup with new releases targeting diverse user groups.  The MiniPay wallet surpassed 13 million activations and processed 360 million transactions.

The company ended the year with $155.5 million in cash and generated operating cash flow of $117.7 million. Free cash flow from operations rose 39% to $97.7 million as margins improved. As a result, Opera closed the fiscal year with a stronger financial base.

New Share Repurchase Program and 2026 Outlook Reinforce Confidence

Opera introduced a two-year share repurchase program of up to $300 million. The plan covers ADS repurchases from the market and pro-rata purchases from its majority shareholder. The program will run alongside its semi-annual dividend framework.

Management issued 2026 revenue guidance of $720 million to $735 million, signaling projected growth of up to 20%. Adjusted EBITDA is expected to reach between $167 million and $172 million, with margins remaining stable. The company also guided first-quarter revenue of up to $172 million and EBITDA of up to $40 million.

Opera continues to expand AI tools and browser features while enhancing financial access through its MiniPay ecosystem. It also aims to strengthen user engagement by advancing new product categories. Consequently, the company enters 2026 with reinforced strategic momentum and broader global reach.

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