Haavard

State of the Opera: Q1 2008

Monday, 2. June 2008, 11:13:48

The financial result for the first quarter of 2008 were announced today. To summarize: Opera is profitable, has lots of cash, and revenues are growing rapidly in all business segments.

Some highlights:

Opera is profitable; revenues growing faster than expenses
Record quarter with an overall revenue growth of 57%
Expenses 25% up
Desktop revenue up 56% due to more users and higher Average Revenue Per User (ARPU)
More than 20 million monthly Desktop users
10% growth in Desktop user base since Q4 2007
11.9 million people used Opera Mini in March
20 billion pages viewed through Opera Mini so far
Monthly page views through Opera Mini going through the roof
Large increase in Opera Mini revenue streams
Major new mobile/device customers announced (and more to be announced)
Opera has now passed the 500 employees mark (yes, there was cake)