Opera Valuation Multiples

Opera Overview

About Opera

Opera Ltd is a world-wide internet brand with a large, engaged, and growing base. It offers users products and services that include a variety of PC and mobile browsers, Opera Gaming portals and development tools, Opera News content recommendation products, and a number of e-commerce products and services. Its browser's features include tabbed browsing, data savings, PC/mobile sync, and numerous features focused on privacy and security, including ad blocking and a built-in VPN. Its browser products include Opera Mini, Opera Browser for Android and iOS, Opera for Computers, Opera GX and Opera GX Mobile, separate browsers tailored for gamers. Geographically, the company generates maximum revenue from the United States, followed by Singapore, Nigeria, Russia, and other locations.

Founded

2018

HQ

Employees

599

Website

opera.com

Sectors

Consumer AppsProductivity SoftwareConsumer SaaSB2B SaaS

Financials (LTM)

Revenue: $649M

EBITDA: $149M

EV

$1B

Valuation Multiples

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Opera Financials

Opera reported last 12-month revenue of $649M and EBITDA of $149M.

In the same LTM period, Opera generated $411M in gross profit, $149M in EBITDA, and $110M in net income.

Opera P&L

In the most recent fiscal year, Opera reported revenue of $615M and EBITDA of $145M.

Opera expects next 12-month revenue of XXX and NTM EBITDA of XXX

Opera Stock Performance

Opera has current market cap of $2B, and enterprise value of $1B.

Opera's stock price is $17.14.

Opera Valuation Multiples

Opera trades at 2.1x EV/Revenue multiple, and 9.3x EV/EBITDA.

Opera Financial Valuation Multiples

As of April 18, 2026, Opera has market cap of $2B and EV of $1B.

Equity research analysts estimate Opera's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Opera has a P/E ratio of 14.0x.

Opera Margins & Growth Rates

Opera's revenue in the last 12 month grew by 18%.

Opera's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.5M for the same period.

Opera's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Opera's rule of X is 70% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Opera Public Comps

See public comps and valuation multiples for other Consumer Apps and Productivity Software comps.

Opera M&A Activity

Opera acquired XXX companies to date.

Last acquisition by Opera was on XXXXXXXX, XXXXX. Opera acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Opera Investment Activity

Opera invested in XXX companies to date.

Opera made its latest investment on XXXXXXXX, XXXXX. Opera invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).