So, to recap, the full year revenue was $331 million, with adjusted EBITDA of $68 million. Combined with a predictable and carefully managed OpEx base, we have been able to convert our strong revenue trajectory to a strong profitability trajectory even ahead of our ambitions. Looking back, in the quarter and 2022 as a whole, we were able to exceed our revenue expectations as a result of better-than-anticipated monetization of both our browser and news user base, and faster-than-anticipated scaling of the Opera audience extension business. Adjusted EBITDA came in at $22.8 million or a 24% margin. Revenue reached $96.3 million, an increase of 33% over the previous year. We are very pleased to announce our record results of the fourth quarter, which well exceeded our previously issued guidance of both revenue and profitability. Thanks, Matt, and thank you everyone for joining us today. With that, let me turn the call over to our Co-CEO, Song Lin, who will cover our operational highlights and strategy, and then Frode will discuss our financials and expectations going forward. We'll be live tweeting highlights from the call so please follow along there during the call and in the future. We've also posted unaudited quarterly historic financial results of Opera on our Investor Relations website. These measures should not be considered in isolation or as a substitute for financial information prepared in accordance with IFRS. We believe that the use of our non-IFRS financial measures provides an additional tool for investors to use in engaging ongoing - in evaluating ongoing operating results and trends. Our commentary today will also include non-IFRS financial measures, including adjusted EBITDA, which are different from our consolidated financial statements that are prepared and presented based on IFRS. You may refer to the Safe Harbor statement in the company's earnings release for details. You should be cautioned that these statements are not guarantees of future performance. Such statements are based on current expectations and how we perceive the current economic environment and are inherently subject to economic, competitive and other uncertainties and contingencies beyond the control of management. As usual, I have with me today our Co-CEO, Song Lin, and our CFO, Frode Jacobsen.īefore I hand over the call to Song Lin, I would like to remind everyone that in the conference call today, the company will be making statements about its future results and expectations, which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act. I would now like to turn the call over to your speaker, Matt Wolfson, Head of Investor Relations. Please be advised that today's call is being recorded. After the speakers' presentation, there will be a question-and-answer session. At this time, all participants are in a listen-only mode. Welcome to the Opera Limited Fourth Quarter and Full Year 2022 Earnings Call. Matt Wolfson - Head of Investor Relations Opera Limited ( NASDAQ: OPRA) Q4 2022 Earnings Conference Call Febru8:00 AM ET
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