Opera (NASDAQ: OPRA), a subsidiary of Kunlun Wanwei, announced its unaudited financial results for the first quarter of 2023. This quarter, Opera’s revenue was US$87.1 million (currently about RMB 604 million), an increase of 22% year-on-year. This is the ninth consecutive quarter that Opera’s revenue has increased by more than 20% year-on-year; Earnings before depreciation and amortization) was US$21.7 million (currently approximately RMB 150 million), with a profit margin of 25%, while adjusted EBITDA in the first quarter of 2022 was US$7.3 million (currently approximately RMB 50.589 million).
The following are Opera’s first quarter and recent business highlights:
- In the first quarter of 2023, Opera advertising revenue increased by 26% year-on-year, accounting for 56% of the current total revenue, mainly driven by the Opera Ads business that continues to exceed expectations.
- In the first quarter of 2023, Opera’s search revenue increased by 18% year-on-year, mainly due to Opera’s continued focus on the needs of high APRU users in developed markets.
- This quarter, the Opera GX game browser has more than 21.7 million MAUs on PC and mobile, a 7% increase from 20.3 million in the fourth quarter of 2022.
- This quarter, Opera announced a partnership with OpenAI and a browser that integrates generative AI services.
Looking ahead, Opera expects revenue in the second quarter of 2023 to be US$92 million (currently approximately RMB 638 million) to US$94 million (currently approximately RMB 651 million), and adjusted EBITDA to be US$18 million (currently approximately RMB 125 million). RMB)-US$20 million (currently about 139 million yuan); the annual revenue in 2023 is expected to be US$373 million (currently about 2.585 billion yuan)-390 million US dollars (currently about 2.703 billion yuan), adjusted EBITDA It is US$77 million (currently about 534 million yuan)-83 million US$ (currently about 575 million yuan).