An earnings call is underway, with Investor Relations leading the session, introducing the CEO and CFO. Participants can listen and ask questions by pressing designated keys on their telephone keypad. The call is being recorded, and assistance is available upon request.

Opera reports strong Q2 financials with 25% year-over-year revenue growth, driven by advertising and prior revenue. The company highlights AI integration, expanding user engagement, and a broadened partner ecosystem. Opera raises full-year guidance, emphasizing e-commerce advertising growth and innovative AI-supported product comparisons. The addressable market exceeds 700 million, reflecting significant scale and growth potential.

Opera's browser AI and open approach to AI services are driving growth in Western markets, with users spending more time in the browser and conducting more searches. The company's strategy of making the browser a programmable infrastructure for AI applications is gaining traction, with strong user base growth and high-value user contributions. Opera's focus on interoperability and integration of multiple AI services is positioning the browser as a trusted context and execution layer, while its new services, such as Mini Pay and the Visa card, are expanding its capabilities and reach in emerging markets.

Opera reports robust organic growth, achieving a 25% revenue increase to $178.1 million, with a 24% adjusted EBITDA margin. The company highlights its strategic investment in product development and marketing, resulting in healthy profitability. Shareholder returns are emphasized, with $577 million returned since 2020 through dividends and share buybacks. Guidance is revised upward, projecting 20% revenue growth for the full year, with a 24% EBITDA margin, reflecting momentum and strategic positioning in the evolving AI landscape.

The dialogue outlines Q2 financial performance, projects cost of revenue at 39% of revenue, anticipates stable marketing costs, and forecasts modest reduction in cash-based compensation. It highlights mid-single digit annual growth, stable pre-adjusted EBITDA, and declining marketing expenses, contributing to a 25-40 basis point increase in adjusted EBITDA margin. The company is pleased with Q2 results, emphasizing shareholder returns and investments in growth opportunities for the future.

The company has expanded its partnerships and leveraged AI to grow its audience from 500 million to over 700 million. New AI services, including AI-generated videos and social, have attracted advertisers keen on these audiences. The approach combines relevant context with product information, enabled by AI, marking a new direction in commercialization and partner interaction. The timing for going public is not specified but is considered within the strategic goals.

Discusses the positive impact of AI initiatives on global cooperation and future monetization, alongside anticipation for Op's upcoming IPO, highlighting its value and transparency benefits.

The dialogue discusses the recent growth in mobile MAUs in the US and Europe, attributing it to broader adoption of alternative browsers like Opera, influenced by regulatory environments and AI advancements. It highlights the self-reinforcing loop of user engagement with AI, leading to increased time spent and interaction on the platform, and the company's strategy to further invest in enhancing the product for continued growth.

The dialogue highlights the significant impact of AI engagement on commerce, emphasizing how users adopting AI tools contribute more actively. It discusses the evolution of commerce into a larger sector, supported by over 100 million products, and the strategic benefits of AI integration.

The dialogue highlights the rapid advancement of AI, with a focus on the growing use of open source and local models alongside big player services. It discusses how users are diversifying their AI tool usage, driven by factors like cost, privacy, and functionality. The conversation also touches on the increasing integration of local models for privacy and cost considerations, particularly in voice applications and math processing. The speakers express optimism about their role in supporting both big frontier models and open source/local models, positioning themselves uniquely in the evolving AI landscape.

Gx's strong user growth is attributed to the integration of AI services and deeper engagement with the gaming ecosystem, including partnerships with game developers. Despite seasonal dips in summer, the user base is expected to sustain growth due to increased integration and engagement strategies.

The dialogue discusses how search revenue growth is primarily driven by increased value per search, with enhancements in early search results leading to better monetization. It also highlights the growing importance of non-search query revenue, which, though still in the single-digit millions, is a significant part of the company's revenue potential.

A company reassures investors about the durability of its growth trajectory despite skepticism, highlighting the expanding role of browsers in daily life and the potential of e-commerce and travel markets. The dialogue also notes the company's advancements in mini-pay, reaching 18 million wallets across 60 countries, and the launch of a Visa card.

The discussion revolves around achieving sufficient scale in Fintech services to balance user growth with monetization, emphasizing patience, infrastructure development, and leveraging technology for global connectivity. It highlights profitability from day one, disciplined financial models, and the rapid scalability upon reaching network effects, indicating a promising future with high potential.

Discussed benefits of browser connectors including cost efficiency and user choice, highlighting non-opera AI usage within the browser environment. Also explored trends in advertising growth, noting improving gross margins and stable trends with economies of scale impacting EBITDA margins.

The speaker thanked participants, highlighting the company's focus on execution, product improvement, and deep engagement to achieve sustainable growth. They expressed enthusiasm for progress and commitment to updates, concluding the call with gratitude.