The financial results for the third quarter of 2011 were announced earlier this week. Once again, Opera Software set new revenue and profit records, despite the currency situation having a negative impact.
The guidance for expected revenue and profit in 2011 was also raised again.
There are more than 220 million Opera users now, and 70 million new users have been added in the past 12 months. The number of desktop users once again grew by 20% compared to the same quarter in 2010 (September numbers), and the number of Opera Mini users nearly doubled. Opera Mini also gained 8 million new active users last month alone.
There were 140 million Opera Mini users (up from 75 million last year), and 56 million desktop users in October (up from 48 million).
20 countries had more than 1 million Opera Mini users in October. As a comparison, there were 6 countries with more than 1 million users in June 2010.
Desktop is expected to be affected by seasonal variations in the fourth quarter of 2011, so revenue is expected to increase. In the third quarter, desktop was still more than 30% of Opera's total revenue (about 33%).
The new Oupeng browser in China already has more than 1.4 million users even though there have been no major campaigns or marketing pushes yet.
Overall, Opera is still transitioning towards more license revenue and less customization work. This means higher margins compared to, say, a heavily customized product like the browsers we developed for Nintendo DS and Wii. A continued focus on operators and standardized products results in a much more scalable business model for Opera.