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Norway's Opera warns on growth, says firm may be sold
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- ontoillogical 11y ago> * 2015 revenue now forecast lower at $600 mln to $618 mln How does Opera generate revenue? Ads?
- Stratoscope 11y ago> How does Opera generate revenue? Ads? That would appear to be the case. FTA: > OSLO, Aug 8 (Reuters) - Online advertising and browser firm Opera Sofware is considering a sale of the company… [emphasis added]
- funkyy 11y agoafaik they have partnership with Google regarding mobile app distribution. Anyways, it seems that the company didn't do that much last few years to grow really. I cant say I heard much of Opera lately besides Bemobi purchase.
- tkmcc 11y ago> Opera Mobile Store will replace Nokia Store as the default app store for Nokia feature phones, Symbian and Nokia X smartphones, following an agreement between Opera Software and Microsoft. > The announcement follows a separate agreement, announced in August 2014, which will see Opera become the default browser on Nokia-branded phones, including Series 30+, Series 40, Asha and Nokia X handsets. http://www.operasoftware.com/press/releases/mobile/release-2014-11-18 http://www.operasoftware.com/press/releases/mobile/release-2...
- jlarocco 11y agoI was wondering the same thing. That's a lot higher than I expected.
- ytch 11y ago> http://www.operasoftware.com/content/download/6622/222390/version/1/file/9e81b79b7900ed29754025309f8bfe519f7c133f__a3d5ad424178e36977392657c2cb73e5.pdf http://www.operasoftware.com/content/download/6622/222390/ve... From their 2015 1Q finical report, P.10 says most of their revenue comes from Mobile Advertising.
- lesdeuxmagots 11y agoOpera went on an acquisition spree over the last few years to buy and stitch together what is now the largest independent mobile ad network. Pretty much went from nothing 2 years ago to the vast majority of their revenues this year. Which is to say the Opera most people think about, the browser, isn't where the money is being made. In fact, Opera MediaWorks, their mobile ad network, isn't really connected to the browser in any way, and the business is structured as a nearly separate entity.
- gcb0 11y agothat was the shift they did when they gave up browsers (i.e. become chromium skin makers). it was a crazy shift. they always made some money with ads. so they decided to cut the middle man, but they forgot a) they didn't have the eyeballs anymore, b) they know nothing about being a network. yeah they bought companies, but probably the clients didn't stick around otherwise people here would at least have heard they are a publisher now.
- progers7 11y agoOpera is far from a "chromium skin maker". In addition to features like autosizing modes for mobile, Opera developers are heavily involved in specs as well as the entire Chromium stack: https://blink.lc/blink/log/?qt=author&q=opera https://blink.lc/blink/log/?qt=author&q=opera https://blink.lc/chromium/log/?qt=author&q=opera https://blink.lc/chromium/log/?qt=author&q=opera They have an incredible team.
- neverminder 11y agoIt's a little ironic for such news to end up here, because I'm pretty sure Opera (mobile) is the only one of the major browsers still supporting text reflow, which is why I use it for reading HN which doesn't have an official mobile site version.
- Bromlife 11y agoI too use Opera Mobile for its text reflow feature. A feature sorely lacking in (AFAIK) every single other mobile browser.
- z3t4 11y agoJust like all other browsers, they make money from Google and other search engines. Think of every time your browser redirects you to Google or Bing search ... They earn quite a lot from this.
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- nickpsecurity 11y agoI remember people told me Opera was dead years ago. Strange all the adjectives people use for companies pulling $600+mil/yr these days... ;) Good to see one of my old favorites making it so well so long in a cut-throat business. Unsurprising that it might come to an end soon. I know they used to brag on their strong and interesting approach to diversity. Wonder how much that ended up helping them innovate into survival where others failed.
- Aoyagi 11y agoWell, that pro-diversity approach was mostly gone with Presto.
- nickpsecurity 11y agoI agree. It was inevitable as much of IT's hardest problems end up as duopolies or tiny oligopolies.
- Mithaldu 11y agoOpera the browser company is dead. Their management decided they don't want to make browsers anymore, replaced the presto development team with a chromium modding team, and focussed on selling ads. In the financial report 1Q15 you can see that out of 127 mio revenue, only 17.1 mio come from browsers: http://www.operasoftware.com/company/investors/finance http://www.operasoftware.com/company/investors/finance If they're still one of your favourites, then i guess you like ads a lot?
- ago 11y agoI agree that Opera the browser is not as competitive as they once were, but for the ads point you could say the same about Chrome since Google makes its money from advertising, not from the browser. I haven't seen any ads outside of the web content in Chrome or Opera (at least since version 8.5).
- nickpsecurity 11y ago
- nickpsecurity 11y agoKind of makes all the job positions seem less appealing, eh? http://www.operasoftware.com/company/jobs/list http://www.operasoftware.com/company/jobs/list
- jmspring 11y agoOpera bought a company that I felt was the most challenging and least rewarding (I left 3 weeks befor vesting despite employee number sub 20). Glad for those that stayed and what opera bought was a very focused version of what we started with.
- Aqwis 11y agoThis is really too bad -- Norway has a severe lack of software product companies. Most graduates end up in one of the country's many consulting outfits, both due to the lack of positions in product companies and because those that do exist offer worse opportunities for career development than the consulting companies do.
- sverredanger 11y agoLast year Schibsted hired ex-Googler Rian Liebenberg as CTO and started bringing in people from Yahoo, Twitter, Amazon, Google, Spotify and even Qt/Nokia. apparently there are opportunities for career development even in Norway. Watch this space.
- toredash 11y agoThey outsourced operations to IBM, is that a good sign?
- sverredanger 11y agoSchibsted is huge and consists of a lot of companies running their own stack. I am not surprised to see some of that operated by IBM. It is a good sign if it enables Schibsted to focus on becoming more like a Technology company. It is too early to tell of course. Full disclosure: I am one of those ex-Googlers recently hired by Schibsted, and I am not working with IBM. I believe that what is happening is the most interesting thing happening in tech in Norway at the moment. Far better opportunity than the consulting companies Aqwis referred to.
- toredash 11y agoI've always viewed Schibsted as a owner of media companies, VG, Blokket etc. Not a company that is producing software. That at least how I read your views. From the little I've viewed they don't do anything special on IT operations, quite boring. So it might make sense, and what I've heard is that the quality of the operations (at least in Norway) haven't been to good. Random ramblings ends here <-
- princetontiger 11y agoWho do you guys think purchases Opera? Facebook? Google? Microsoft? Nokia?
- taivare 11y agoOpera is no longer working well on my old PC with windows 10 Speed Dial wont even load.
- celticfighter 11y agoHappens if you betray Power Users and move forward to an almost non customizable Chrome clone. That should be a warning for Mozilla too, fool the users once and they fall for it, fool them twice and they fall again but try to fool them 1001 times and they give you the middle finger!