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Stock impact report

Opera stock surges after COVID-19 drives record user numbers for news product [MarketWatch]

Opera Limited - American Depositary Shares (OPRA) 
Last opera limited - american depositary shares earnings: 2/25 07:00 am Check Earnings Report
Company Research Source: MarketWatch
Browser company Opera Ltd. gave a "business update" Thursday indicating that the company was seeing increased usage of its offerings during the pandemic. Opera saw record monthly active users of over 190 million for its Opera News service and pointed to record user numbers for Opera PC, Opera GX, and Opera for Android as well. The company expects $135 million in first quarter revenue, above the $126.3 million that analysts surveyed by FactSet had been predicting. Opera said it also expects an Ebitda (earnings before interest, taxes, depreciation and amortization) loss of $9 million, which includes "a one-time additional loan loss provision of $27 million related to the COVID-19 impact." The company is withdrawing its full-year forecast due to COVID-19 uncertainties. Opera shares are up 5.7% in Thursday trading, but they've dropped 42% so far this year as the S&P 500 has lost 15%. Show less Read more
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