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● Opera Opera Reports Third Quarter 2021 Results October 28 , 2021 Both revenue and adjusted EBITDA exceed expectations Third quarter revenue grew 57 % year - over - year driven by very strong browser and news performance Advertising revenue exceeded search revenue for the first time Company raises revenue and adjusted EBITDA expectations for the remainder of the year , guiding year - over - year revenue growth of 51 % at the midpoint OSLO , Norway , Oct. 28 , 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 September 30 , 2021 . O Third quarter 2021 financial highlights [ US $ thousands , except for margins and per ADS amounts ] Revenue Net income ( loss ) Margin Adjusted EBITDA ( 1 ) Margin Adjusted net income ( 1 ) Margin Diluted net income per ADS , US $ Opera Diluted adjusted net income per ADS , US $ ( 1 ) Three Months Ended September 30 , 2020 42,416 154,367 363.9 % 10,658 25.1 % 10,453 24.6 % 1.31 0.08 2021 66,620 23,500 35.3 % 8,197 12.3 % 29,816 44.8 % 0.20 0.26 Year - over year % change 57.1 % -84.8 % -23.1 % 185.2 % -84.7 % 230.3 % Nine Months Ended September 30 , 2020 114,827 150,648 131.2 % 10,917 9.5 % 17,580 15.3 % 1.26 0.15 2021 178,365 68,426 38.4 % 11,759 6.6 % 83,567 46.9 % 0.59 0.72 Year - over year % change 55.3 % -54.6 % 7.7 % 375.4 % -53.2 % 389.5 % ( 1 ) Please see the separate section " About non - IFRS financial measures " for the definitions of adjusted EBITDA and adjusted net income . " Over time , advertising has been our fastest growing revenue category , fueled by new products and features driving increasing user engagement , a focus on growing our user base in high - value markets , and finally , an increasingly rich toolset for advertisers to target and connect with our audiences , " said Co - CEO Song Lin . " As the year nears its end , we are very pleased with the results of our ambitious investments in accelerated growth ; taking Opera to a new level in terms of both financials and product offerings . In sum , we find ourselves in a strong position as we enter into the fourth quarter and look to 2022. " Third Quarter and Recent Business Highlights • Core search and advertising revenue grew 63 % year - over - year in the third quarter driven by strong browser and news performance • Opera's average monthly active user base was 352 million MAUs in the quarter ; with a continued directional shift towards higher ARPU users . In the Americas we saw an increase of 30 % in user growth led by North America up 46 % , and in the EU users were up 9 % largely offsetting a continued and expected decline in Asia • In the third quarter , each user on average generated a record 75 cents of revenue on an annualized basis , up 19 % sequentially , and up 80 % compared to the third quarter of 2020 • The Opera GX browser user base now has 13 million users across PC and mobile , an increase from 11 million last quarter