Web-Browser Maker Opera Touts Advertising, User Growth
Summary
XThe Oslo, Norway-based software firm early Thursday said it earned an adjusted 12 cents a share on revenue of $44.7 million in the third quarter .For the Opera earnings report in the September quarter, the company generated 42.7% of its revenue from search and 39.4% from advertising."We are excited to report another record quarter for both revenue and profits, as well as all-time highs for both smartphone and PC users," Chief Executive Yahui Zhou said in a news release.He added, "We continue to focus our growth efforts on Africa, where our strong technology platform positions us on an attractive trajectory on top of compelling macro trends.The companys OPay service, a platform for mobile money, microcredit and e-commerce, also has been showing fast growth, Zhou said.