Opera Limited announced robust financial results for the third quarter of 2024, with revenue reaching $123.2 million, a 20% increase year-over-year, surpassing its guidance range. Adjusted EBITDA also exceeded expectations at $30.8 million, representing a 25% margin.
Net income for the quarter was $17.9 million, up 7% from the prior year, while adjusted diluted earnings per ADS increased by 34% to $0.26. The company generated strong operating cash flow of $34.9 million, a 115% increase year-over-year.
Following this strong performance, Opera raised its full-year 2024 guidance for both revenue and adjusted EBITDA. Revenue is now projected between $470 million and $473 million, with adjusted EBITDA expected to be between $112 million and $114 million, reflecting continued growth and profitability.
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