• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Emerging Technology Market
    Emerging Technology News
    Emerging Technology Stocks
    • Emerging Technology Market
    • Emerging Technology News
    • Emerging Technology Stocks
    artificial intelligence investing

    User Base Expansion Drives Opera’s Revenue Growth

    Dorothy Neufeld
    Aug. 22, 2019 08:42AM PST
    Emerging Technology

    Opera (NASDAQ:OPRA), an artificial intelligence powered search engine company announced a 61 percent year-over-year increase in its Opera News segment. Its second quarter financial report also signaled that is growing user base is accelerating revenues, with figures reaching US$61.7 million for the quarter, rising 55 percent compared to the same time last year. As quoted …

    Opera (NASDAQ:OPRA), an artificial intelligence powered search engine company announced a 61 percent year-over-year increase in its Opera News segment. Its second quarter financial report also signaled that is growing user base is accelerating revenues, with figures reaching US$61.7 million for the quarter, rising 55 percent compared to the same time last year.

    As quoted in the press release:

    “Opera News continues to scale rapidly and we have ambitions to drive the user base well beyond current levels. This past quarter, Opera News grew 61% year-over-year to 163 million monthly active users and the news app increased over 3.5x year-over-year to 37 million MAUs. In fact, Sensor Tower recently identified Opera News as the top downloaded global news app in the second quarter. We also launched Opera Ads to monetize our large user base. Early results are promising, with revenue on our news app more than doubling versus the prior quarter, which supported the year-over-year growth acceleration of our advertising revenue.

    “We also announced that we’re expanding Opera Ads beyond large advertisers to include a focus on small and medium sized enterprises. Specifically, we’ve launched a classifieds product called OList that will incorporate different verticals including used cars, real estate and jobs. This will enable us to meaningfully increase our total addressable advertising market in Africa and provide another reason for users to use Opera News or one of our browsers more frequently. The product recently launched in Nigeria and we look forward to updating you on its progress.

    Click here to read the full press release.

    artificial intelligence investingopera limitednasdaq:opra
    The Conversation (0)

    Go Deeper

    AI Powered
    About Us

    About InvestingNews.com

    Hand holding an AI chip.

    Global AI Stocks: 9 Biggest Companies in 2025

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Emerging Technology Stocks

    Syntheia

    SYAI:CC

    RemSense Technologies

    REM:AU

    RocketBoots

    ROC:AU

    BlinkLab Limited

    BB1:AU

    ARway.ai

    ARWY:CC

    Nextech3D.ai

    NTAR:CNX
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×