Opera Software Q3 2012 Financial Results: Mobile Drives Growth as Desktop Stalls
By on October 28th, 2012

Opera Software has released its financials for the third quarter of 2012, and they look pretty good. Revenue grew 40% year-on-year to 56.4 million USD. However, due to a significant increase in expenses, net income fell to 6.5 million USD from 9.9 million USD in Q3 2011.

Over the past several years, Opera’s real strength has been the mobile segment. Opera Mini has been the real growth driver for the Norwegian firm. This trend continued into the recently concluded quarter. Opera finished the quarter with more than 207 million users of their mobile products alone. Opera Mini’s astronomical growth has slowed down a bit over the past few quarters, but it is still expanding its user base at a fair click. Year-on-year, Opera Mini’s user base grew by 112%. The growth was primarily driven by partnerships with operators like Airtel, Etisalat, MTN and Vodafone. Opera’s revenue from mobile consumer and mobile publishers and advertisers grew by more than 400%. Perhaps most crucially, Opera exhibited strong growth in Android with 300% year-on-year increase in users. As more and more people move away from feature phones to smartphones, Opera will have to keep on innovating to grab a slice of the smartphone segment.

Opera-Financials-Revenue-Q3-2012

Opera for desktop on the other hand, remained to be an area of concern. Opera exhibited practically no growth with just 2% increase in user base year-on-year. Currently, Opera for desktop has 55 million active users. Opera admitted during its Q&A with the investors that it’s not happy with the desktop growth and the impact of Opera 12 was less than expected. Opera Software promised strong products at the beginning of 2013, which suggests that Opera 12.20 will be released within a few months. Although, Opera didn’t manage to expand its reach, revenue from desktop increased quite nicely from 13 million USD in Q3 2011 to 19 million USD in Q3 2012.

Opera-Financials-Users-Revenue-Desktop

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Author: Pallab De Google Profile for Pallab De
Pallab De is a blogger from India who has a soft spot for anything techie. He loves trying out new software and spends most of his day breaking and fixing his PC. Pallab loves participating in the social web; he has been active in technology forums since he was a teenager and is an active user of both twitter (@indyan) and facebook .

Pallab De has written and can be contacted at pallab@techie-buzz.com.

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