Opera Ltd (OPRA) Q4 2019 Earnings Call Transcript

Opera Ltd (OPRA) Q4 2019 Earnings Call Transcript

Similar to the last several quarters, we are very pleased with our strong fourth quarter results.. Our growth rate continued to accelerate, and we're continuing to execute on our strategy to leverage our strong brand and large user base of more than 350 million monthly active users to grow new opportunities well beyond the browser.. The efforts, including the significant investments we have made in our business, led to year-over-year revenue growth of 158% in the fourth quarter.. With $129.6 million of revenue in that quarter, we significantly exceeded the top end of our guidance range.. 2019 revenues came in 94% higher than 2018 compared to a prior annual growth rate of 34%.. Opera News has become the leading news service in Africa, and we are continuing to drive increases in user engagement with a deepening of our content strategy, like the Opera News Hub for local content creators.. Fourth highlight is how we scaled our fintech business from near nothing to an annualized run rate of $290 million in Q4, with a 30% contribution margin.. At Opera, we are focused on building a business that delivers strong shareholder returns.. The best way to accomplish this is to drive long-term