Opera Limited reported second-quarter 2026 revenue of $178.1 million, a 25% increase from the prior year and above Wall Street’s $177.25 million estimate. Adjusted diluted earnings per share came in at $0.26, missing the consensus forecast of $0.27 by 3.7%. The company also posted adjusted EBITDA of $42.4 million, a 42% year-over-year rise, and adjusted net income of $30 million, up 27%.
Advertising revenue grew 27% to $115 million, while carrier revenue rose 21% to $62 million. Operating cash flow totaled $22 million, with free cash flow from operations at $17 million. Marketing spend declined 6% sequentially to $36.2 million, and cash-based compensation reached $23.1 million. The company’s InvestingPro financial health score was rated “GREAT” at 3.47 out of 5.
User metrics showed continued expansion. Total addressable audience surpassed 700 million, up from 500 million six months prior. Monthly active users reached 188 million, with Western markets accounting for 61 million. Mobile usage in Western markets increased 8%, and Opera GX, the gaming-focused browser, grew to 7.7 million monthly active users after adding nearly 2 million in the quarter. Geographic growth was strongest in the U.K. and U.S., where Android and iOS MAUs rose 66% and 40%, respectively. Average revenue per user climbed 25% to $2.46.
MiniPay, Opera’s stablecoin wallet, reached 18 million wallets and processed 518 million transactions, including 88 million new activations in the quarter. The service operates in 66 countries and supports over 57 live mini apps.
Guidance for full-year 2026 was raised, with revenue projected at $734 million to $742 million and adjusted EBITDA at $172 million to $175 million. Third-quarter 2026 guidance calls for revenue of $181 million to $183 million and adjusted EBITDA of $41 million to $43 million. Wall Street maintains a consensus “Strong Buy” rating with price targets ranging from $23 to $33.
Shares slipped 0.77% to $19.36 in premarket trading, down from Tuesday’s close of $19.51. The stock remains well above its 52-week low of $11.71 and below its high of $21.06.
