Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, April 26, 2024

Article Excerpt

OPERA LTD. (ADR), $13.34, symbol OPRA on Nasdaq, offers a web browser with 304 million monthly active users. In addition to its browser, it provides news through its AI-powered newsreader. Opera started up in 1994. The company has long positioned itself as an alternative to browsers pre-installed on computers and devices, such as Google Chrome, Mozilla Firefox, Internet Explorer, and Safari. The company generates revenues from three operating segments: Advertising (58% of revenue), Search (41%), and Technology Licensing and Other Revenue (1%). It generates 52% of its revenue from U.S. customers and 48% from European customers and those in the rest of the world. On the advertising side of its business, it works with companies such as Amazon (symbol AMZN on Nasdaq), Meta Platforms (symbol META on Nasdaq), and Netflix (symbol NFLX on Nasdaq). It works with Google as its search partner. On April 3, 2024, the company extended its Google search commercial agreement through 2025. In June 2023, Opera launched Opera One, a..