OSLO Feb 11 Norwegian software developer Opera
is on track to meet its long-held 2015 sales target
of $500 million and core earnings of $150 million, the company
said on Tuesday as it presented fourth-quarter earnings.
Analyst in a Reuters poll on average expected next year's
revenues to hit $487 million and adjusted earnings before
interest, tax, depreciation and amortization (EBITDA) of $159
The company's forecasts for 2014 were also broadly in line
with analyst expectations.
"Opera expects to generate solid revenue growth from its
mobile consumer user base in 2014 versus 2013 due to much larger
mobile advertising revenue streams in particular from its owned
and operated mobile properties, such as the Smartpage and the
Opera Mobile Store," the company said.
Fourth-quarter 2013 revenues totalled $89.6 million, beating
the predictions from all eight analysts in the Reuters poll,
which had an average expectation of $86.1 million.
Adjusted EBITDA for the period was exactly in line with
forecasts, at $24 million, while operating profit (EBIT) was
(Reporting by Terje Solsvik)