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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 Q3 top line down 20 pct after weak quarter for Adcolony
Thursday, 23 Nov 2017 01:00am EST 

Nov 23 (Reuters) - Opera Software Asa :Q3 adjusted ebitda $7.9‍​ million versus $11.9 million in Q3 2016 (Reuters poll $7.4 million).Q3 revenue $108.7 million versus $136 million in Q3 2016 (Reuters poll $114 million).Says revenue down 20 percent due to decline in revenue from AdColony. This was partly offset by growth in Bemobi, SurfEasy and Skyfire.Expects Adcolony revenue in 2h17 to be slightly lower compared to 1h17‍​.Expects to see revenue growth in Bemobi in 2017 versus 2016.Aims to make skyfire profitable in 2017.  Full Article

Opera Software sells Surfeasy business to Symantec
Monday, 6 Nov 2017 09:48am EST 

Nov 6 (Reuters) - Opera Software Asa ::‍to sell its surfeasy business to symantec corporation​‍.closing of transaction took place simultaneously with entering into of agreement and all conditions for completion have therefore been fulfilled.‍transaction values surfeasy to an enterprise value of usd 38.5m​.‍purchase price consists of an all cash consideration, of which 85% is paid to opera at closing. .Remaining 15% will be held in escrow for up to 15 months​.‍surfeasy will be excluded from opera's financials as of 6 november 2017​.‍carnegie acted as financial advisor to opera in relation to transaction​.  Full Article

Opera Software purchases 55,000 of its own shares at NOK 24.6247 per share
Tuesday, 5 Sep 2017 10:46am EDT 

Sept 5 (Reuters) - Opera Software Asa :Opera Software ASA purchased 55,000 of its own shares at an average price of NOK 24.6247 per share.Following transaction, Opera Software ASA owns 6.43 million of its own shares.  Full Article

Opera Software warns on 2017 earnings as AdColony unit lags
Thursday, 24 Aug 2017 01:00am EDT 

Aug 24 (Reuters) - Opera Software Asa :q2 revenues $109.9 million (Reuters poll $117 million).q2 adjusted ebitda $3.1 million (Reuters poll $5.4 million).Ramp in AdColony revenue slower than earlier expected.Overall, we expect to be below the guidance we put out in the beginning of the year.Speed of transformation to more programmatic revenue streams for AdColony makes predictability lower on revenue and margin, thus we decided not to guide for the the remainder of the year.All 4 companies expected to be profitable (adjusted ebitda) in 2h17.Cost base reduced by over $30m ($25m adcolony & $5m skyfire) entering 2h17 versus entering 1h17.For AdColony the focus now is to grow month over month and week over week as well at getting new products to market that accelerates the revenue growth.Expects adcolony business to generate revenue growth in h2 2017 versus h1 2017.Expects to see revenue growth in Bemobi in 2017 versus 2016, as Bemobi takes the success in Brazil to a global arena.Expects to see strong growth in Surfeasy in 2017 versus 2016.Aims to make Skyfire profitable in 2017.Source text for Eikon: nObiYF0gwa.Further company coverage: OPERA.OL.  Full Article

BRIEF-Opera Software warns on 2017 earnings as AdColony unit lags
Thursday, 24 Aug 2017 01:00am EDT 

Repeats to attach to alerts:Q2 REVENUES $109.9 MILLION (REUTERS POLL $117 MILLION).Q2 ADJUSTED EBITDA $3.1 MILLION (REUTERS POLL $5.4 MILLION).RAMP IN ADCOLONY REVENUE SLOWER THAN EARLIER EXPECTED.OVERALL, WE EXPECT TO BE BELOW THE GUIDANCE WE PUT OUT IN THE BEGINNING OF THE YEAR.SPEED OF TRANSFORMATION TO MORE PROGRAMMATIC REVENUE STREAMS FOR ADCOLONY MAKES PREDICTABILITY LOWER ON REVENUE AND MARGIN, THUS WE DECIDED NOT TO GUIDE FOR THE THE REMAINDER OF THE YEAR.ALL 4 COMPANIES EXPECTED TO BE PROFITABLE (ADJUSTED EBITDA) IN 2H17.COST BASE REDUCED BY OVER $30M ($25M ADCOLONY & $5M SKYFIRE) ENTERING 2H17 VERSUS ENTERING 1H17.FOR ADCOLONY THE FOCUS NOW IS TO GROW MONTH OVER MONTH AND WEEK OVER WEEK AS WELL AT GETTING NEW PRODUCTS TO MARKET THAT ACCELERATES THE REVENUE GROWTH.EXPECTS ADCOLONY BUSINESS TO GENERATE REVENUE GROWTH IN H2 2017 VERSUS H1 2017.EXPECTS TO SEE REVENUE GROWTH IN BEMOBI IN 2017 VERSUS 2016, AS BEMOBI TAKES THE SUCCESS IN BRAZIL TO A GLOBAL ARENA.EXPECTS TO SEE STRONG GROWTH IN SURFEASY IN 2017 VERSUS 2016.AIMS TO MAKE SKYFIRE PROFITABLE IN 2017.SOURCE TEXT FOR EIKON: nObiYF0gwa.FURTHER COMPANY COVERAGE: OPERA.OL.  Full Article

Opera software says purchased 11,000 of its own shares for NOK 31.8623 per share
Thursday, 8 Jun 2017 11:00am EDT 

June 8 (Reuters) - Opera Software ASA :Opera Software ASA purchased 11,000 of its own shares according to its share buyback program.The shares were purchased at an average price of NOK 31.8623 per share.  Full Article

Opera Q1 revenues, earnings miss forecast
Thursday, 11 May 2017 01:00am EDT 

May 11 (Reuters) - Opera Software Asa :q1 revenues $107 million (Reuters poll $126 million).q1 adjusted ebitda $0.5 million (Reuters poll $9.5 million).sees 2017 revenues at usd 550-650 million versus guidance of $550 million-650 million in march (Reuters poll $592 million).sees 2017 adjusted ebitda at usd 50-70 million versus guidance of $50 million-$70 million in march (Reuters poll $61.3 million).sees 2017 adjusted ebitda margin 9-11 percent versus 9-11 percent seen in march.  Full Article

Opera CEO aims to hit revenue target above $1 bln in 2019 or 2020
Thursday, 30 Mar 2017 05:10am 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"
Thursday, 30 Mar 2017 03:29am 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
Thursday, 30 Mar 2017 01:00am 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

Oslo-listed Opera Software ASA changes name to Otello Corporation

OSLO Norwegian holding company Opera Software ASA has changed its name to Otello Corporation ASA, it said in a statement on Monday.