Opera Doubles Revenue

[Brett_Tabke]

Opera Software - makers of Opera Browser - have announced that; "Operating revenues in the first half of the year increased from EUR 1.629 million in 2001 to EUR 3.425 million in 2002. They expect to reach profitability in 2003.

One of the most interesting statements from their financial documents is that, "the company has raised approx. EUR 10 million in new equity from financial investors" since 1999 and that, "Opera has clearly stated that it will seek a public listing, and that such a listing most likely will take place in late 2003 or 2004."

[opera.com...]

[Tor]

As some of you might be aware of, Opera have had a very "sober" attitude from the startup of the company when it comes to funding the enterprise. They never fell for the temptation to get "easy" external equty based only on a good business plan. Instead they relied on funding themselves until they had a product thet could stand on it`s own feet. By being carefull they avoided the pitfalls that most other dot.com`s have fallen into the past couple of years.

In my opinion one can learn a lot by looking at the way Opera`s management have run the company through theese turbulent years; and they have survived in spite of tough cometition.

[zechariah]

Go opera, best browser i've ever used. kudos.. pls everyone should buy one. :)

[DrOliver]

Well done, Opera! Congrats and kudos!

My personal browser preferences though are Mozilla first, second Opera. I am using IE for testing purposes only and while surfing the company's intranet (that I have not designed, else you could surf it with Mozi and Opera too ;)). Opera is a MUST since years for every serious webdesigner and I'm happy to hear they might stay a must for years to come. (I believe that competition in the browser market is nothing but good, as long as the browser makers understand the need for standards like html, css and so on.)

[vibgyor79]

It would be interesting to know their break-up of revenues. Do they have a revenue source other than sales of software and banner advertising?

[DrCool]

It is always nice to see a smaller company sneak up on the big boys and give them a run for their money.

[JamesR]

Any news on where the revenue is coming from? People paying for the non-banner version or companies paying for proprietary technology to be included in the distribution?

[Brett_Tabke]

They have many rev streams:
- pc/mac/*nix browsers.
- advertising in browsers.
- pda/phone/set top box browser sales (symbian, revo, nokia, etc)
- other unknown: browser ties (searches, services).
- operamail commercial email.
- agreements with other comps such as AMD - don't know if those included revenue plans.
- custom browser design and consulting.

So they have many streams to work with, but percentages are never talked about that I know of. I'd assume pc sales of browsers would be one of their smaller rev streams and the biggest would be the phone/small screen sales.

[Birdman]

I am happy for them. They deserve it. I had never even heard of the Opera browser until I joined WW, but think it is a great product and it's all I use to surf with now. It's too bad that IE rules the net, but that could change.

[HarryM]

Congratulations to Opera for their financial management. However when it comes to the product... I can never understand the praise it gets. It's flaky on DHTML, inadequate on CSS2, and gives me more headaches than any other browser.

I suspect I'm in the minority here. :)

[Tor]

I suspect I'm in the minority here

You sure are... :)