Star X

Opera Reports Record Results for the Fourth Quarter and Full Year 2022

Retrieved on: 
Monday, February 27, 2023
EBITDA, GX, News, PC, ARPU, FX, Oracle bone, AI, Growth, Advertising, EDT, Sale, Depreciation, ADS, IPO, Cryptocurrency, Music, Video game, Bank, Pharmaceutical industry, Mobile phone, Real estate, Russians, EU, Star X

The Opera GX gaming browser had over 20 million monthly active users across PC and mobile in the fourth quarter, up 11% from 18 million in the third quarter of 2022.

Key Points: 
  • The Opera GX gaming browser had over 20 million monthly active users across PC and mobile in the fourth quarter, up 11% from 18 million in the third quarter of 2022.
  • In the fourth quarter, each user on average generated $1.18 of revenue on an annualized basis, an increase of 12% from the third quarter of 2022 and up 42% versus the fourth quarter of 2021.
  • During the fourth quarter, Opera repurchased from a pre-IPO shareholder 23.4 million ADS equivalents for $128.6 million, or $5.50 per ADS.
  • Opera's management will host a conference call to discuss the fourth quarter and full year 2022 financial results on Monday, February 27th at 8:00 am Eastern Time (EDT).

Opera sells its stake in Star X (StarMaker) for $83.5 million, earning a 178% cash gain

Retrieved on: 
Thursday, April 21, 2022
Board, OPRA, Twitter, NASDAQ, Board of directors, Sale, Star, Ownership, Internet, PC, Director, Opera News, Multimedia, Star X, Music, Online shopping, Kunlun Mountains

Opera will collect 3.5% simple annual interest on the deferred installments.

Key Points: 
  • Opera will collect 3.5% simple annual interest on the deferred installments.
  • Star X is a fast-growing technology-driven social media company focused on audio-centric social networking, which is popular in emerging markets like Southeast Asia and the Middle East.
  • The Kunlun group was already the controlling shareholder of Star X prior to this transaction.
  • "We are very pleased to realize a significant return on our investment for all of our shareholders," said Opera co-CEO Song Lin.