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● Opera Opera Limited announces second quarter 2021 financial results , revenue growth exceeds expectations and adjusted EBITDA meets expectations August 12 , 2021 OSLO , Norway , Aug. 12 , 2021 / PRNewswire / -- Opera Limited ( NASDAQ : OPRA ) , one of the world's largest internet consumer brands with hundreds of millions of users worldwide , today announced its unaudited consolidated financial results for the quarter ended June 30 , 2021 . O Q2 revenue grew 87 % year - over - year driven by very strong browser and news performance Company guides to third quarter revenue growth of 51 % at the midpoint Company raises revenue expectations , year - over - year revenue increasing 48 % at the midpoint Second quarter 2021 financial highlights Net income ( loss ) Margin [ US $ thousands , except for margins and per ADS amounts ] Revenue Adjusted EBITDA ( 1 ) Margin Opera Three Months Ended June 30 , 2020 ● 32,217 17,141 53.2 % 598 1.9 % 19,397 60.2 % 0.13 2021 0.16 60 , 161 44,287 73.6 % ( 1,015 ) ( 1.7 ) % 49 , 144 81.7 % 0.38 Year - over year % change 0.42 86.7 % 158.4 % n.m. 153.4 % 187.9 % Six Months Ended June 30 , 162.6 % 2020 72,411 ( 3,722 ) ( 5.1 ) % Adjusted net income ( 1 ) Margin Diluted net income per ADS , US $ Diluted adjusted net income per ADS , US $ ( 1 ) ( 1 ) Please see the separate section " About non - IFRS financial measures " for the definitions of adjusted EBITDA and adjusted net income . " We're pleased to report yet another strong quarter and again raise revenue guidance for the year " , said Opera Co - CEO Song Lin . " As people continue to shift their lives online , they want to be able to choose a browser that can be personalized to reflect the way they lead their digital lives . Opera is that browser , and we see a huge opportunity ahead of us as we continue to meet these needs . In addition , we are well underway to seize opportunities both on the content side with News and Gaming and geographic expansion to higher monetizing regions . " 255 0.4 % 7,123 9.8 % ( 0.03 ) 2021 111,744 0.06 44,926 40.2 % 3,561 3.2 % 53,751 48.1 % 0.39 Year - over year % change 0.46 54.3 % n.m. 1296.5 % 654.6 % n.m. 666.7 % " Every aspect of our business is performing : the innovations and features that are attracting more users and allowing us to push into new geographies and new categories , our ability to monetize our user base , and even the value of our investments " concluded Song Lin . " We're looking forward to continued growth in 2021. " Second Quarter and Recent Business Highlights • Core search and advertising revenue growth rates accelerated to 94 % year - over - year in Q2 driven by strong browser and news performance • Opera's monthly active user base was relatively stable compared to the second quarter of 2020 ; however , within the total our user base saw a directional shift towards higher ARPU markets . We directed our focus towards growing North America which saw 52 % user growth , and Europe with 15 % user growth , and less focus on Asia as we continue to target higher monetizing users • The Company reached 78 million average monthly PC users in the second quarter , up 4 % year - over - year • The Opera GX browser user base now has 10 million users on desktop and already exceeds one million on mobile • Opera announced over 1 billion cumulative downloads on the Google Play Store • Opera News revenue grew 442 % year - over - year and 49 % sequentially versus the first quarter of 2021 ; Opera Football , a vertically focused news site which launched in June , and already has over 10 million users • Continued scaling our other strategic growth initiatives ; we launched our cashback offering under the Dify brand in Spain which led to a four - fold increase in facilitated e - commerce transactions in our browsers from April to June in that market , and we continued to build out the Opera gaming platform / community Hype , our in - browser messaging app for Opera Mini , launched in three more African markets during the quarter and already has over 1 million sign - ups • Opera monetized 29 % of its stake in OPay for total consideration of $ 50 million Business Outlook " Building off the strong start to the year , we have even greater confidence and expectations for the second half of 2021 " said Opera CFO , Frode Jacobsen . " The investments we have made in our ' Browser + ' strategy are becoming material and apparent in our financial results , on top of healthy core browser revenue growth . " For the full year of 2021 , Opera now expects revenue of $ 242 million to $ 247 million , representing a 48 % year - over - year increase versus 2020 at the midpoint . Following the successful execution of our growth strategy to date , we have additional confidence in continuing our growth investments and expect adjusted EBITDA to come in between $ 10 and $ 20 million for the year .