State of the Opera: Q3 2011

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.

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10 thoughts on “State of the Opera: Q3 2011

  1. Under "seasonal variations" you mean that people will google more, searching for Christmas presents? Yes, I'm already doing this! ;)Originally posted by haavard:

    Overall, Opera is still transitioning towards more license revenue and less customization work.

    I hope this doesn't mean less customization available to users?! 🙂

  2. Originally posted by alex-shpak:

    I hope this doesn't mean less customization available to users?!

    I don't think so.UI customization options are not related to special customization for products (hardware or special software "channels").

  3. Originally posted by alex-shpak:

    I hope this doesn't mean less customization available to users?!

    No, this is about customizations Opera Software ASA would be paid to do by some other company. For example, Opera used to earn money from mobile phone vendors for creating customized versions for specific phones. This took a lot of time and effort, and wasn't always a reliable source of income over time since customers might change their minds and decide not to take a device to market after all, or do other similar things that would hurt revenue in unforeseen ways.Doing less of that, we can probably throw more developers at making customization features end users can tweak 🙂

  4. "every platform, every OEM, every store, online ads and opera.com"^^-This is a good attitude.Increase in partnerships, using Speed Dial apps and other hooks to drive partnerships and increase revenue. And the whole Yandex thing…Seems there are some clever people at work.Keep it up?

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