Opera (NASDAQ:OPRA) announced robust financial results for the first quarter of 2026 on Tuesday, April 28, with both revenue and profitability exceeding the high end of the company’s previous guidance.
The Oslo-based browser developer reported revenue of $175.8 million, representing a 23% year-over-year increase, fueled by continued growth in its advertising and search businesses.
The company’s adjusted EBITDA reached $42 million for the quarter, yielding a healthy 24% margin.
A key highlight of the report was Opera's operational efficiency; cash flow from operations stood at $42.1 million, representing a 100% conversion rate of adjusted EBITDA.
This strong cash generation was supported by the company's strategic pivot toward "high-ARPU" (Average Revenue Per User) customers in Western markets and the successful monetization of its GX gaming browser and AI-integrated "Aria" features.
Following the strong start to the year, Opera raised its full-year 2026 guidance.
The company now expects total revenue to fall between $727 million and $740 million, up from its previous forecast.
Adjusted EBITDA is now projected to range from $170 million to $174 million.