Today Opera, Opera Mediaworks’ parent company, reported financial results for Q3 2015. Opera Mediaworks, the world’s largest independent mobile ad platform, showed expected growth contributing 64% of Opera’s total revenues of $149.4 million.Here are some key numbers:
- Opera Mediaworks reported revenue of $96.2 million – up 11% year over year.
- Overall, Opera revenue (publicly listed on the Oslo Stock Exchange) was $149.4 million, up from $138.8 million – an increase of 8%. The adjusted EBITDA was $27.5 million, down 19% versus Q3 2014.
- Opera Mediaworks’ platform reach grew 47% year over year, now touching 1.12 billion users, compared to 770 million at the same time last year.
- The performance business now accounts for 49% of the business, up from the 47% it represented in Q3 2014.
- Opera Mediaworks continued to see a revenue shift toward video. Currently, 57% of revenue comes from video advertising.
Opera Mediaworks had expected revenue growth in Q3 2015