Opera provides business update - COVID-19 impact
Opera Limited - American Depositary Shares (OPRA)
Last opera limited - american depositary shares earnings: 2/25 07:00 am
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Source: GlobeNewswire
Q1 2020 revenue expected to be approximately $135 million; ahead of guidance and driven by strong results across search, advertising and fintech.Record Opera News monthly active users of over 190 million in March; including record Opera for PC, Opera GX and Opera for Android users.Observing decreased near-term user monetization and implemented measures to meaningfully reduce microlending volumes due to COVID-19.Q1 2020 adjusted EBITDA loss expected at approximately $9 million. Excluding a one-time additional loan loss provision of $27 million related to the COVID-19 impact, adjusted EBITDA would have been within our guided range for the quarter.Our microlending net loan book stood at $43 million at the end of Q1 2020, down from $93 million at the end of 2019. Of the $43 million, $35 million has already been collected thus far in April.Opera is withdrawing full-year 2020 guidance due to uncertainty around COVID-19, but providing additional detail on recent business trends.Opera has a s
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OPRA
Earnings
- 10/29/24 - Beat
OPRA
Sec Filings
- 11/4/24 - Form 6-K
- 10/29/24 - Form 6-K
- 9/18/24 - Form 144
- OPRA's page on the SEC website