• In early 2026, Opera Limited was reported to have delivered strong operational performance in 2025, including revenue growth, expanding margins, and a growing ecosystem around its AI-enhanced browsers and fintech products such as MiniPay.
• An interesting angle is Opera’s 9.4% stake in rapidly expanding Opay and its MiniPay stablecoin wallet, which together highlight how browser-based fintech could become a more central part of the company’s business mix.
• We’ll now examine how Opera’s strong 2025 execution and Opay stake, including the potential IPO timeline, influence its existing investment narrative.

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Opera Investment Narrative Recap

To own Opera today, you need to believe the browser can keep deepening engagement while gradually turning its AI and fintech bets into meaningful revenue alongside ads and search. The latest update on 2025 execution reinforces that the near term upside still hinges on commercial traction for MiniPay and any value crystallized from the 9.4% Opay stake, while the biggest current risk remains regulatory and partnership pressure around fintech and advertising. The news does not materially change those core drivers.

Among Opera’s recent announcements, the US$300,000,000 share repurchase program stands out in this context. It signals that management is comfortable committing balance sheet resources while the company is guiding 2026 revenue to US$720,000,000 to US$735,000,000 and highlighting Opay and MiniPay as important pieces of the story. For investors focused on catalysts, that combination of buybacks, solid 2025 performance, and a potential Opay listing keeps capital allocation and fintech execution squarely in view.

Yet against this positive setup, investors should still be aware of how quickly changing crypto and data rules could affect Opera’s ability to...

Opera’s narrative projects $813.6 million revenue and $135.8 million earnings by 2028. This requires 13.6% yearly revenue growth and about a $55 million earnings increase from $80.6 million today.

Uncover how Opera's forecasts yield a $25.50 fair value, a 72% upside to its current price.

Exploring Other Perspectives

Some of the most optimistic analysts were already penciling in about US$878,000,000 of 2028 revenue and higher margins, which is far more upbeat than consensus and could shift further once Opera’s recent Opay and MiniPay progress is fully reflected.

Explore 8 other fair value estimates on Opera - why the stock might be worth just $21.50!

The Verdict Is Yours

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your Opera research is our analysis highlighting 5 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Opera research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Opera's overall financial health at a glance.

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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.