Opera's Q2 2025: Navigating Contradictions in E-Commerce Growth, AI Integration, and Revenue Strategies

E-commerce growth and seasonality, macroeconomic volatility impact, AI integration and focus, e-commerce advertising revenue growth, and product monetization strategy are the key contradictions discussed in Opera Limited's latest 2025Q2 earnings call.



Revenue Growth and Product Innovation:
- Opera Limited reported a 30% year-over-year revenue growth in Q2 2025, surpassing their guidance of 22% to 26%.
- The growth was driven by strong performance in advertising revenue, particularly within the e-commerce vertical, and a rebound in search revenue.

Advertising Revenue and AI Integration:
- Advertising revenue grew 44% year-over-year to $93 million in Q2 2025.
- The significant growth was due to the expansion of the e-commerce vertical, which now represents nearly half of total advertising revenue.

Search Revenue Rebound:
- Search revenue returned to double-digit growth, up 11% year-over-year to $50 million in Q2 2025.
- This rebound was driven by increased user base engagement in higher ARPU regions and a broader trend of AI integration enhancing monetization opportunities.

AI Browser and Strategic Initiatives:
- Opera is developing an AI browser, Opera Neon, that integrates major AI use cases, leveraging the browser's architecture to enhance AI capabilities.
- The initiative is positioned to capitalize on the growing trend of AI integration and the browser's role as a gateway to AI services and web applications.