Opera reports Q2 revenue growth, raises full-year guidance

Opera (NASDAQ: OPRA ) held its second-quarter earnings conference call on Wednesday.

Below is the complete transcript from the call.

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View the webcast at Summary Opera Limited reported strong Q2 2026 results, with revenue growth of 25% year-over-year to $178.1 million and adjusted EBITDA reaching a quarterly record of $42.4 million, representing a 24% margin.

The company's strategic focus includes expanding its advertising platform and leveraging AI technologies to enhance user engagement and monetization, with AI-driven query revenue growing significantly.

Opera raised its full-year 2026 guidance, expecting revenue between $734 to $742 million, and adjusted EBITDA between $172 to $175 million, citing confidence in continued organic growth and favorable market conditions.

Operational highlights included a 4% year-over-year growth in Western user base, reaching 61 million, and significant expansion of Opera GX users, driven by AI integration and gaming partnerships.

Management discussed the expansion of their reach to over 700 million users, the successful implementation of AI features, and ongoing developments in their fintech product Minipay, which has seen substantial growth in wallet activations and transaction volumes.

Full Transcript B Welcome to the Opera Limited second quarter 2026 earnings call. this time, all participants are in a listen only mode.

After the speaker's presentation, there will be a question and answer session.

To ask a question during this period, you will need to press star1 on your telephone keypad.

If you want to remove yourself from the queue, please press star 2.

Please be advised that today's call is being recorded.

Lastly, if you should need assistance, please press Star zero.

I would now like to turn the call over to your speaker today, Matt Wolfson, Head of Investor Relations.

Please, please go ahead.

A Thank you Erika and thank you everyone for joining us this morning.

I am joined by our CEO Song Lin and our CFO Rhoda Jacobson.

Before I hand over the call to Song Lin, I would like to remind you that some of the statements that we make today regarding our business operations and financial performance may be considered forward looking.

Such statements are based on current expectations and assumptions that are subject to a number of risks and uncertainties.

Actual results could differ materially as a result of various factors, including those set forth in today's earnings press release and in our most recent annual report on Form 20F filed with the SEC.

We undertake no obligation to update any forward looking statement.

During this call, we will present both IFRS and non IFRS financial measures.

A reconciliation of IFRS to non IFRS measures is included in today's earnings press release.

The earnings press release and an accompanying investor presentation are available on our investor relations website@investor.opera.com Our comments will be on the year over year comparisons unless we state otherwise.

With that, let me turn the call over to our CEO Song Lin who will cover our second quarter operational highlights and strategy and then to Frodo Jacobson who will discuss the details of our financials and expectations for the third quarter and full year.

Song C thank you and good morning everyone.

We have been looking forward to sharing today's report with you.

Our second quarter results reaffirm that being an independent, well established and innovative browser provider with a user base of nearly 300 million people and a significant advertising reach is a very attractive position to hold rapidly evolving and expanding ecosystem.

Instead of placing bets on which AI services or infrastructure plays well be leading in the future, we cultivate our position as a tech enabler and platform that facilitates choice for the end user and access to a vast database for our partners.

In this landscape, Zbrowser is becoming more valuable as AI changes our people search, work and act online and Opera is already translating that shift into greater engagement and monetization by continuing to give the most demanding users new reasons to switch from the operating system default browser and by expanding the functionality of our advertising platform, we broaden our partner ecosystem and grow monetization opportunities every month, adding to the foundation of our long term trajectory as well.

Both revenue and adjusted EBITDA exceeded the top of our guidance range with growth fueled by acceleration of revenue growth from 23% year over year in Q1 to to 25% year over year in Q2.

The strength was broad based advertising revenue grew 27% 215 million while parent revenue grew 21% to 62 million.

With that second quarter, revenue exceeded 178 million and surpassed the seasonal Q4 peak a quarter earlier than what we've seen in most prior years.

Adjusted EBITDA was also a quarterly record at 42.4 million representing a margin of 24% and growing and solid 2% year over year.