Why Opera Stock Sank This Week

Opera stock fell 6.7% this week despite beating Q2 sales expectations and raising full-year guidance. The company reported adjusted earnings of $0.33 (meeting estimates) and revenue of $178.1 million (up 24.6% YoY), but investors disappointed by the lack of earnings beat sold off positions. While monthly active users remained flat, the company improved monetization with 25% ARPU growth and raised full-year revenue guidance to $734-742 million.