• In early August 2026, Opera Limited reported 288 million monthly active users for the first quarter, a 25% increase in annualized average revenue per user, and authorized a US$300,000,000 share repurchase program while scheduling its second-quarter 2026 earnings release and call for August 25, 2026.
• The combination of rising user monetization, expanding AI-powered browser features, and a substantial buyback authorization underscores Opera’s confidence in its business model and capital allocation approach.
• We’ll now examine how Opera’s sizable share repurchase plan shapes its investment narrative, particularly in light of its stronger per-user monetization.

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What Is Opera's Investment Narrative?

To own Opera, you need to believe that its growing browser ecosystem, AI tools and fintech extensions like MiniPay can keep converting a large user base into consistently higher revenue per user, while disciplined capital returns add support in the background. The latest update, showing 288 million monthly active users, stronger per‑user monetization and a US$300,000,000 buyback authorization, reinforces the near term catalyst around user monetization rather than raw user growth, and suggests capital allocation will be a bigger part of the story alongside the ongoing dividend. At the same time, it raises the stakes on execution risk around newer products such as MiniPay, the durability of advertising and search demand, and a relatively new management team, all of which could matter more if growth moderates from here.

However, there is one governance and capital allocation risk here that investors should not ignore. Opera's shares have been on the rise but are still potentially undervalued. Find out how large the opportunity might be.

Exploring Other Perspectives

Six Simply Wall St Community fair value estimates span from about US$23 to just over US$61, reflecting very different views on Opera’s upside while our earlier discussion highlighted how execution on AI and MiniPay could tighten or widen that gap over time.

Explore 6 other fair value estimates on Opera - why the stock might be worth over 3x more than the current price!

Decide For Yourself

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your Opera research is our analysis highlighting 5 key rewards and 2 important warning signs 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.