Opera stock jumped Monday after the web browser maker posted better-than-expected first-quarter results and raised its outlook for the full year. OPRA stock attempted to retake key support levels on the news.
The Oslo, Norway-based company earned an adjusted 27 cents a share on sales of $142.7 million in the March quarter. Analysts polled by FactSet had expected earnings of 21 cents a share on sales of $131.4 million. On a year-over-year basis, Opera earnings increased 35% while revenue rose 40%.
The software firm also upped its full-year guidance for revenue and adjusted earnings. Based on the midpoint of its guidance range, Opera expects revenue to increase 19.5% to $574.5 million in 2025. Analysts had been modeling $565.5 million.
In morning trades on the stock market today, OPRA stock jumped as much as 9.5% to 17. With the move higher, Opera climbed above its 50-day moving average line and its 200-day line. It has been trading below its 50-day line since late February and its 200-day line since late March.
However, as trading progressed on Monday, Opera shares retreated from those key levels. OPRA stock ended the regular session up 6.4% to 16.53. That's just above its 200-day line, but below its 50-day line.
Opera said early Monday that it had 293 million average monthly active users in the first quarter. Advertising accounted for 67% of Opera's Q1 revenue. The rest of its sales were from search and technology licensing.
"Our growth acceleration continued in the first quarter of 2025, leading to both revenue and profitability outperformance well beyond our guidance ranges," Co-Chief Executive Lin Song said in a news release. "The continued scaling of revenue from both our browser products and the Opera Ads platform allows us to raise expectations for the remaining quarters of the year beyond our prior guidance."
OPRA stock ranks tenth out of 66 stocks in IBD's Internet-Content industry group, according to IBD Stock Checkup. It has an IBD Composite Rating of 82 out of 99.
IBD's Composite Rating is a blend of key fundamental and technical metrics to help investors gauge a stock's strengths. The best growth stocks have a Composite Rating of 90 or better.
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