Earnings release
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Exhibit 99.1 ● Opera Opera Reports Second Quarter 2026 Results Beyond the High End of Guidance Ranges Revenue increased 25 % year - over - year to $ 178.1 million , exceeding the guidance range Adjusted EBITDA was $ 42.4 million , representing a 24 % margin and 32 % year - over - year growth , also exceeding the guidance range Third quarter 2026 revenue guidance of $ 181–183 million with adjusted EBITDA margin of 23 % at the midpoints Raised full - year guidance to $ 734–742 million revenue with adjusted EBITDA of $ 172-175 million ( 24 % margin ) OSLO , Norway , August 19 , 2026 - Opera Limited ( NASDAQ : OPRA ) , a leading global browser and AI agent company , today announced financial results for the quarter ended June 30 , 2026 . " Second quarter revenue and Adjusted EBITDA both came in above the top end of our guidance , with revenue growth accelerating to 25 % year - over - year , reaching $ 178.1 million , and Adjusted EBITDA reaching $ 42.4 million . Notably , with healthy growth across both advertising and query revenue streams , our business continues to compound organically and capital - efficiently , ” said Lin Song , CEO . " As AI fundamentally reshapes how people search , work and interact online , Opera's position as an independent , tech - enabling platform is more valuable than ever . Through our open ecosystem strategy , highlighted by our new Browser Connector for leading AI services like Claude and ChatGPT , we are facilitating user choice while converting elevated browser utility into immediate commercial momentum . The growth of time spent and browser engagement supports our healthy annualized ARPU growth of 25 % to $ 2.46 alongside strong expansion across core products like Opera GX and MiniPay , ” continued Mr. Song . Second Quarter 2026 Financial Highlights Three Months Ended June 30 , Six Months Ended June 30 , In thousands , except percentages and per share amounts Revenue 2025 $ 142,962 $ 2026 178,068 % Change 25 % $ 2025 285,678 $ 2026 353,839 % Change 24 % Operating profit $ 18,109 $ 25,909 43 % $ Operating margin 13 % 15 % 39,184 $ 14 % 55,672 42 % 16 % Net income $ 15,676 $ 27,550 76 % $ Net income margin 11 % 15 % 33,959 $ 12 % 52,336 54 % 15 % Adjusted net income ( 1 ) $ 23,723 $ 30,022 27 % $ Adjusted net income margin 17 % 17 % 47,878 $ 17 % 61,198 28 % 17 % Adjusted EBITDA ( 1 ) $ 32,094 $ 42,429 32 % $ Adjusted EBITDA margin 22 % 24 % 64,352 $ 23 % 84,427 31 % 24 % Diluted earnings per share $ 0.17 $ 0.30 Adjusted diluted earnings per share ( 1 ) $ 0.26 $ 0.33 74 % $ 25 % $ 0.38 $ 0.57 52 % 0.53 $ 0.67 26 % $ 33,119 $ 103 % ( 1 ) $ 29,073 $ 91 % Net cash flow from operating activities As percentage of adjusted EBITDA Free cash flow from operations As percentage of adjusted EBITDA ( 1 ) See the sections below titled " Non - IFRS Financial Measures " and " Reconciliations of Non - IFRS Financial Measures " for explanations and reconciliations of non - IFRS financial measures . 22,192 52 % ( 33 ) % $ 49,063 76 % $ 64,337 76 % 31 % 16,912 40 % ( 42 ) % $ 41,099 $ 52,417 28 % 64 % 62 % 1