Opera experienced significant financial growth, with Q1 revenue increasing by 40% to $142.7 million, surpassing expectations. The advertising sector saw a remarkable 63% rise, particularly driven by e-commerce initiatives. The company aims to tap into high-value users from developed markets, utilizing its Opera GX gaming browser. With a performance-based advertising model, Opera expects resilience during economic downturns, underscoring strategic leverage of AI in optimizing user engagement, ultimately positioning itself favorably for future growth.
Shares of Opera rose after the web browser operator saw a huge jump in revenue and issued upbeat guidance.
For the first quarter, Opera saw its revenue surge 40% to $142.7 million.
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