Opera OPRA Q4 2025 Earnings Call Transcript

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Thursday, Feb. 26, 2026 astatine 8 a.m. ET

• Co-CEO — Lin Song

• Chief Financial Officer — Frode Jacobsen

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Lin Song: Sure. Thank you, Matt, and bully day, everyone. While we preannounced Q4 outperformance, we person been precise overmuch looking guardant to today, and to archer you however large our existent results was, and adjacent much importantly, however breathtaking our 2026 guidance is. Advertising gross led by continued scaling of e-commerce came successful with an unprecedented sequential summation of $19 cardinal versus the 3rd quarter, resulting successful 25% year-over-year growth. Clearly, we are performing good for an accrued fig of advertiser partners, each moving performance-based campaigns with us, and we person yet again shown our quality to leverage the seasonally strongest 4th fourth to transverse a twelvemonth of accelerated growth.

In addition, our rapidly expanding monetization of idiosyncratic intent query gross continued with 16% maturation year-over-year. This was fueled by some steadfast hunt gross maturation and a continuation of 200% positive year-over-year maturation successful non-search query revenue. The monetization of intent-based postulation beyond hunt is an breathtaking opportunity, contributing implicit $5 cardinal of gross successful the 4th and volition proceed to beryllium our fastest-growing gross constituent successful 2026. All successful all, Q4 gross maturation was 22% against the toughest quarterly examination of 2024, and 8% higher than the midpoint of guidance. Our resulting yearly gross maturation was 28% successful 2025, an acceleration from 21% maturation successful 2024.

EBITDA besides came successful good supra the precocious extremity of our guidance scope and 7% higher than the midpoint. We proceed to put successful some merchandise selling and the maturation of advertiser relationships, portion maintaining a steadfast EBITDA borderline and coagulated currency flow, which Frode volition screen successful much item later. We person talked a batch astir our positioning successful the AI epoch implicit the past years, and the taxable continues to merit attention. Our occupation is to marque the champion browsers for demanding users. We are amazed astatine the prime of emerging AI services, arsenic I'm definite galore of you are too, and we bash not see these companies arsenic our competitors, but alternatively existent and imaginable aboriginal partners.

Our absorption is to make the champion orchestration furniture imaginable for extremity users to payment from this rapidly expanding ecosystem. The champion illustration is Google, which has delivered the world's champion hunt acquisition for decades and is showcasing its method abilities done the advancing Gemini models. Google has its ain browser but has been our spouse for 25 years arsenic we present an integrated acquisition for the extremity idiosyncratic to payment from these services successful a feature-rich and precocious browser. And with the broadening ecosystem of services, the entreaty of an autarkic browser lone increases. And astatine the aforesaid time, the attraction to the browser abstraction results successful much radical contemplating which browser represents a amended alternative.