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Opera Software ASA (OPERA.OL)

OPERA.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Opera CEO aims to hit revenue target above $1 bln in 2019 or 2020
5:10am EDT 

Opera Software Asa CEO Lars Boilesen told Reuters: Opera Software's "medium-term" goal of revenues above $1 billion refers to 2019 or 2020, depending on how quickly the AdColony unit grows . "We're in the process of going live with the new platform, and when that's operational and begins to scale up, we expect it to grow by more than 20 percent per year ... if it becomes operational this year, we'll reach $1 billion in 2019, if it takes longer time ... then it could be in 2020. That's what we mean by medium term." Further company coverage: [OPERA.OL] (Reporting By Ole Petter Skonnord, editing by Camilla Knudsen and Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Opera CFO predicts "accelerating revenue growth beyond 2017"
3:29am EDT 

Opera Software Asa : CFO Petter Lade says company expects "accelerating revenue growth beyond 2017" Further company coverage: [OPERA.OL] ((terje.solsvik@thomsonreuters.com;)).  Full Article

Opera Software sets "medium-term" goal to double sales to more than $1 billion
1:00am EDT 

Opera Software Asa : Maintains 2017 target of revenues $550 million-$650 million, up from $537 million in 2016 . Maintains 2017 target of adjusted ebitda $50 million-$70 million, corresponding to an ebitda margin of 9-11 percent .Says medium-term ambition is for revenue to exceed $1 billion, adjusted ebitda margin of about 15 percent.  Full Article

Opera Software appoints Petter Lade as CFO
Tuesday, 28 Feb 2017 12:18am EST 

Opera Software Asa : says Petter Lade is appointed as CFO in Opera Software, effective immediately .says Lade comes from position as director, IR & corporate development and has held several key roles within controlling, M&A and IR since joining Opera in 2006.  Full Article

BRIEF-Opera Software Q4 revenues in line, core earnings beat forecast
Tuesday, 28 Feb 2017 12:15am EST 

Opera Software Asa : q4 revenues $143.9 million (Reuters poll $145 million) . q4 adjusted ebitda $17.6 million (Reuters poll $11.9 million) . says adjusted ebitda for company's full fiscal year 2017 is projected to be in range of $50m to $70m (Reuters poll $71 million) . says revenue for company's full fiscal year 2017 is projected to be in range of $550m to $650m (Reuters poll $611 million) . Within mobile advertising, Opera expects to generate revenue growth from this business in 2017 compared to 2016 . Expects to see solid growth in its apps & games business in 2017 versus 2016, as Bemobi takes the success in Brazil to a global arena . Also believes in the mid to long terms prospects of Rocket Optimizer and used 2016 to reorganize and focus the business for profitability .Remains positive about the company's overall growth prospects.  Full Article

Opera Software Q4 revenues in line, core earnings beat forecast
Tuesday, 28 Feb 2017 12:00am EST 

Opera Software Asa : q4 revenues $143.9 million (Reuters poll $145 million) . q4 adjusted ebitda $17.6 million (Reuters poll $11.9 million) . says adjusted ebitda for company's full fiscal year 2017 is projected to be in range of $50m to $70m (Reuters poll $71 million) . says revenue for company's full fiscal year 2017 is projected to be in range of $550m to $650m (Reuters poll $611 million) . Within mobile advertising, Opera expects to generate revenue growth from this business in 2017 compared to 2016 . Expects to see solid growth in its apps & games business in 2017 versus 2016, as Bemobi takes the success in Brazil to a global arena . Also believes in the mid to long terms prospects of Rocket Optimizer and used 2016 to reorganize and focus the business for profitability .Remains positive about the company's overall growth prospects.  Full Article

Opera Software CEO says focus on existing business, not to divest more
Tuesday, 20 Dec 2016 04:02am EST 

Opera Software Asa CEO Lars Boilesen told Reuters on Tuesday: Boilesen said sale of Opera TV came on request from Moore Freres and at a good price [nFWN1EE0WP] . Said focus going forward is to develop existing business, not to divest more . To develop the four remaining business areas is the only strategy the firm have . Nevertheless CEO will not rule out more sales if right offer shows up . A tough market persists for mobile advertising, might take 5-6 months to see improved market [nFWN1EE0WU] . Firm needs to streamline mobile advertising business and take a close look at costs . Sale of consumer business earlier this year took a lot of time an focus and that will change now Further company coverage: [OPERA.OL] (Reporting By Ole Petter Skonnord) ((olepetter.skonnord@thomsonreuters.com;)).  Full Article

Opera Software cuts outlook due to softer development in mobile advertising business
Tuesday, 20 Dec 2016 02:25am EST 

Opera Software Asa : Opera software asa: lowering of our expectations follows softer performance in our mobile advertising business . Opera software asa: expects current trading conditions to continue into 1q17, resulting in a relatively soft q1 when compared with 1q16 . Opera software asa: however expects that significant investments we are making in products, in particular SDK, a new core update, artificial intelligence and data science will yield solid revenue growth compared to 2016 . Opera software asa: all of Opera's other businesses - Opera TV, Bemobi, Skyfire and Surfeasy - are performing in line with our 4q16 expectations . Opera Software also announces sale of it's majority stake in its TV business to Moore Freres at an enterprise value of $114.3 mln [nFWN1EE0WP] . Opera Software asa: when carving out Opera TV from overall fy 2016 ranges given for revenue ($570-600 million) and adjusted ebitda ($60-70 million), ranges would have been $540-570 million revenue and $45-55 million adjusted ebitda . Opera now expects to end fy 2016 just below these overall ranges for continued operations . As communicated at our 3Q16 presentation, the mobile advertising business did not exit 3Q16 with the same tailwind as we saw last year. This trend has continued in 4Q16 . Opera software asa: while below our expectations, business is expected to show an overall revenue growth in 2016 of around 15 pct versus 2015.  Full Article

Opera CEO says no plans to make further acquisitions
Monday, 21 Nov 2016 05:52am EST 

Opera Software Chief Executive Lars Boilesen told Reuters on Monday: It's "highly unlikely" the company will make more acquisitions . Will focus on developing Opera's remaining units after the recent sale of consumer business . Is certain that Opera's Skyfire unit will turn profitable in 2017 Further company coverage: [OPERA.OL] (Reporting By Joachim Dagenborg, editing by Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Opera Software CEO bought 133,194 shares
Monday, 21 Nov 2016 02:00am EST 

Opera Software Asa : CEO Lars Boilesen purchased 133,194 shares in opera software asa at an average price of nok 52.93 per share on 18.november 2016 . Petter Lade purchased 40,000 shares in opera software asa at an average price of nok 52.94 per share . Sverre Munck purchased 10,000 shares in opera software asa at an average price of nok 51.88 . Frode Jacobsen purchased 10,000 shares in opera software asa at an average price of nok 51.60 . Andreas Thome purchased 30,000 shares in opera software asa at an average price of nok 52.96 . Audun Iversen purchased 10,000 shares in opera software asa at an average price of nok 52.75 .Jason Hoida purchased 4,352 shares in opera software asa at an average price of nok 51,25.  Full Article

More From Around the Web

UPDATE 2-Norway's Opera aims to double sales by 2019/2020

March 30 Norway's Opera Software Asa on Thursday set a goal to raise its revenues to more than $1 billion in 2019 or 2020, from $537 million in 2016, and to boost its EBITDA earnings margin to about 15 percent from the 9.1 percent seen last year.