Opera

Browser maker Opera successfully begins trading on NASDAQ

Posted by | Apps, Fundings & Exits, Mobile, Opera, Opera Ltd | No Comments

Opera is now a public company. The Norway-based company priced its initial public offering at $12 a share — the company initially expected to price its share in the $10 to $12 price range. Trading opened at $14.34 per share, up 19.5 percent. The company raised over $115 million with this IPO.

Opera Ltd. filed for an initial public offering in the U.S. earlier this month. The company is now trading on NASDAQ under the ticker symbol OPRA.

Chances are you are reading this article in Google Chrome on your computer or Android phone, or in Safari if you’re reading from an iPhone. Opera has a tiny market share compared to its competitors. But it’s such a huge market that it’s enough to generate revenue.

In its F-1 document, the company revealed that it generated $128.9 million in operating revenue in 2017, which resulted in $6.1 million in net profit.

The history of the company behind Opera is a bit complicated. A few years ago, Opera shareholders decided to sell the browser operations to a consortium of Chinese companies. The adtech operations now form a separate company called Otello.

Opera Ltd., the company that just went public, has a handful of products — a desktop browser, different mobile browsers and a standalone Opera News app. Overall, around 182 million people use at least one Opera product every month.

The main challenge for Opera is that most of its revenue comes from two deals with search engines — Google and Yandex. Those two companies pay a fee to be the default search engine in Opera products. Yandex is the default option in Russia, while Google is enabled by default for the rest of the world.

The company also makes money from ads and licensing deals. When you first install Opera, the browser is pre-populated with websites by default, such as eBay and Booking.com. Those companies pay Opera to be there.

Now, Opera will need to attract as many users as possible and remain relevant against tech giants. Opera’s business model is directly correlated to its user base. If there are more people using Opera, the company will get more money from Google, Yandex and its advertising partners.

✨Cheers to @opera on its IPO day! #OperaIPO $OPRA pic.twitter.com/dYeHux7pvq

— Nasdaq (@Nasdaq) July 27, 2018

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Opera adds a crypto wallet to its mobile browser

Posted by | Apps, computing, cryptocurrency, freeware, Mobile, online identity, online payments, Opera, Password, Software, TC, telenor, Wallet | No Comments

The Opera Android browser will soon be able to hold your cryptocurrencies. The system, now in beta, lets you store crypto and ERC20 tokens in your browser, send and receive crypto on the fly, and secures your wallet with your phone’s biometric security or passcode.

You can sign up to try the beta here.

The feature, called Crypto Wallet, “makes Opera the first major browser to introduce a built-in crypto wallet” according to the company. The feature could allow for micropayments in the browser and paves the way for similar features in other browsers.

From the release:

We believe the web of today will be the interface to the decentralized web of tomorrow. This is why we have chosen to use our browser to bridge the gap. We think that with a built-in crypto wallet, the browser has the potential to renew and extend its important role as a tool to access information, make transactions online and manage users’ online identity in a way that gives them more control.

In addition to being able to send money from wallet to wallet and interact with Dapps, Opera now supports online payments with cryptocurrency where merchants support exists. Users that choose to pay for their order using cryptocurrency on Coinbase Commerce-enabled merchants will be presented with a payment request dialog, asking them for their signature. The payment will then be signed and transmitted directly from the browser.

While it’s still early days for this sort of technology it’s interesting to see a mainstream browser entering the space. Don’t hold your breath on seeing crypto in Safari or Edge but Chrome and other “open source” browsers could easily add these features given enough demand.

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Browser maker Opera has filed to go public

Posted by | Apps, Europe, Fundings & Exits, initial public offering, Mobile, Opera | No Comments

Norway-based company Opera Ltd. has filed for an initial public offering in the U.S. According to its F-1 document, the company plans to raise up to $115 million.

In 2017, Opera generated $128.9 million in operating revenue, which led to a net income of $6.1 million.

While many people are already familiar with the web browser Opera, the company itself has had a tumultuous history. Opera shareholders separated the company into two different entities — the browser maker and the adtech operations.

The advertising company is now called Otello. And a consortium of Chinese companies acquired the web browser, the consumer products and the Opera brand. That second part is the one that is going public in the U.S.

Opera currently manages a web browser for desktop computers and a handful of web browsers for mobile phones. On Android, you can download Opera, Opera Mini and Opera Touch. On iOS, you’ll only find Opera Mini. More recently, the company launched a standalone Opera News app.

Overall, Opera currently has around 182 million monthly active users across its mobile products, 57.4 million monthly active users for its desktop browser and 90.2 million users for Opera News in its browsers and standalone app. There’s some overlap across those user bases.

More interestingly, Opera only makes money through three revenue sources. The main one is a deal with two search engines. Yandex is the default search engine in Russia, and Google is the default search engine in the rest of the world. As the company’s user base grows, partners pay more money to remain the default search engine.

“A small number of business partners contribute a significant portion of our revenues,” the company writes in its F-1 document. “In 2017, our top two largest business partners in aggregate contributed approximately 56.1% of our operating revenue, with Google and Yandex accounting for 43.2% and 12.9% of our operating revenue, respectively.”

The rest is ads and licensing deals. You may have noticed that Opera’s speed dial is pre-populated with websites by default, such as Booking.com or eBay. Those are advertising partners. Some phone manufacturers and telecom companies also pre-install Opera browsers on their devices. The company is getting some revenue from that too.

The browser market is highly competitive and Opera is facing tech giants such as Google, Apple and Microsoft. At the same time, people spend so much time in their browser that there is probably enough room for a small browser company like Opera. The company will be listed on NASDAQ under the symbol OPRA.

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Opera shuts down Max

Posted by | Android, Apps, Mobile, Opera, Opera Max, TC | No Comments

 Only a few years ago, Opera Max was the rising star in the browser maker’s portfolio. The service offered a system-wide data-saving proxy that funnelled all app data through Opera’s servers to compress images and videos. Now, however, Max is heading for the deadpool. The company, which is now owned by a consortium of Chinese firms, today announced that it will shut down… Read More

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Opera’s ad blocker comes to its stable release channel and Opera Mini for Android

Posted by | Advertising Tech, Android, Opera, TC, Web browsers | No Comments

Joint Opera today announced that its built-in ad blocker, which was previously only available in the experimental developer release channel, is now coming to all of its desktop users. In addition, it is now also bringing this same feature to mobile, starting with Opera Mini for Android.
While ad blocking isn’t exactly without controversy, there can be little doubt that it makes for a faster… Read More

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Opera Max Can Now Compress YouTube And Netflix Videos

Posted by | Apps, Media, Mobile, Opera, Opera Max, TC | No Comments

Opera Max 8.18 image Opera Max, Opera’s data-saving proxy for Android, has long allowed you to save some of your previous mobile data by compressing text, video and images when you surf the web or use apps like Instagram on your phone. What Opera Max couldn’t do, however, was compress HTTPS videos and that meant no support for the likes of YouTube and Netflix. Read More

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