Opera (NasdaqGS:OPRA) has just posted its Q1 2026 scorecard, and the backdrop is a strong finish to 2025, with Q4 revenue at US$177.2 million and basic EPS at US$0.62, alongside trailing 12 month basic EPS of US$1.21 on revenue of US$614.8 million. Over the past few quarters, the company has seen revenue move from US$145.8 million and basic EPS of US$0.32 in Q4 2024 to that Q4 2025 print of US$177.2 million and US$0.62. This sets up a picture of improving scale and earnings power. For investors, the mix of higher recent revenue, rising EPS and firmer margins frames this latest release as a snapshot of how Opera is converting its user base into profit.
See our full analysis for Opera.With the headline numbers on the table, the next step is to see how they compare with the widely followed Opera narratives, highlighting where the data supports the story and where it pushes investors to reconsider their assumptions.
See what the community is saying about Opera
34.1% earnings growth, but one off gain in the mix
- Over the last 12 months, Opera’s earnings grew 34.1% with a trailing net profit margin of 17.6%, compared with 16.8% a year earlier, while a US$34.4 million one off gain is included in those earnings.
- Supporters of the bullish view point to this strong growth and margin profile as evidence of a durable earnings engine, yet the one off gain creates some tension:
- Bullish expectations of earnings growing about 17.4% per year sit on top of already higher trailing earnings. That gain makes it harder to judge how much of the 34.1% rise reflects ongoing performance.
- Consensus narrative also expects margins to move from 14.5% to 16.7% over time, which lines up with the reported 17.6% trailing margin. However, investors need to separate recurring profit from one time items when comparing future targets to today’s base.
P/E of 14.4x against higher growth forecasts
- Opera trades on a P/E of 14.4x, while earnings are forecast to grow around 17.4% per year and revenue about 12.1% per year, and the current share price of US$17.35 sits well below the DCF fair value of about US$56.31.
- Bears highlight that even with a seemingly low P/E and a DCF fair value above the share price, execution risks around AI products and fintech could still matter a lot:
- Bearish assumptions still build in revenue growth of 12.8% per year and margin expansion from 14.5% to 16.4%, so the cautious view is not about no growth. It is about whether that growth is enough to justify richer multiples over time.
- Concerns around dependence on advertising and key partners sit alongside the 17.6% trailing margin, which currently looks healthy, so the bearish case leans more on future competitive and regulatory pressure than on weak recent profitability.
Revenue scale builds, with Q4 2025 at US$177.2 million
- Quarterly revenue has moved from US$145.8 million in Q4 2024 to US$177.2 million in Q4 2025, with trailing 12 month revenue at about US$614.8 million alongside Basic EPS of roughly US$1.21.
- Consensus narrative argues that AI powered products, MiniPay and higher value users can keep supporting this revenue base, and the recent numbers give a mixed but useful checkpoint:
- Across 2025, revenue prints of US$142.7 million, US$143.0 million, US$151.9 million and US$177.2 million suggest a business operating at over US$600 million a year on a trailing basis, which fits with a story that depends on scale, not just niche growth pockets.
- At the same time, the one off gain inside the trailing earnings means the revenue and EPS figures together should be read with care when investors compare them to medium term analyst targets that assume cleaner, recurring profit streams.
Next Steps
To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Opera on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.
The mix of bullish and cautious signals around Opera is clear. It makes sense to look through the details yourself and decide how comfortable you are with the balance. If you want a concise view of what stands out on both sides of the ledger, start with these 5 key rewards and 1 important warning sign
See What Else Is Out There
Opera’s reliance on a one off gain, execution risks around AI and fintech, and exposure to key partners leave some investors uncomfortable with future earnings quality.
If that mix of uncertainties feels a bit too edgy, shift some attention to companies screened for steadier profiles using the 73 resilient stocks with low risk scores to quickly spot alternatives that may better match your risk tolerance.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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