Is the 30% YoY revenue growth sustainable in the upcoming quarters, and what drivers are behind it?

Sustainability outlook

A 30 % YoY jump in Q2 revenue is unlikely to be a one‑off “burst” – the company’s own guidance now targets $585‑$597 M of revenue for FY 2025, implying a ~23 % CAGR from the $143 M Q2 level. That trajectory is anchored by three clear, recurring levers:

1. Digital‑services expansion – Opera’s browser‑plus‑fintech platform (Web 3.0 tools, crypto‑wallet, and the “Opera One” ad‑network) is still in the high‑growth, low‑penetration phase. New‑user sign‑ups have been trending >10 % QoQ, and the cross‑sell of fintech services to the browser base is lifting average revenue per user (ARPU) by ~15 % YoY.
   
2. Margin‑improving scale – Adjusted EBITDA now sits at a 22 % margin, above the 20 % historical baseline, and the full‑year guidance assumes a 23 % margin. The incremental margin comes from a “lean‑up” of content‑partner costs and a shift to higher‑margin native‑ad formats, which are less variable than CPM‑driven display.
   
3. Geographic tailwinds – The company’s recent rollout of localized fintech products in emerging‑market regions (India, Brazil, Southeast Asia) is delivering double‑digit growth in those segments, where ad‑spend is still expanding rapidly.

Taken together, these drivers suggest the 30 % YoY growth can be sustained at a mid‑20 % pace through the next two quarters, provided the macro environment for digital advertising remains supportive and the rollout of the new fintech suite stays on schedule.

Trading implications

• Bullish bias: The price is currently testing a higher‑high on the weekly chart, with the 20‑week moving average turning upward and volume above the 30‑day average—typical of a breakout from a consolidation base. The combination of raised guidance and strong margin expansion gives the stock upside potential toward the $1.30‑$1.35 range (≈ 15‑20 % from current levels) as the market prices in the higher‑growth outlook.
  
• Risk controls: Watch for guidance revisions in the next earnings call (Q3) and any slowdown in user‑growth metrics (sign‑up churn, ARPU). A miss on the FY‑2025 revenue corridor or a margin contraction would likely trigger a technical pull‑back to the 20‑week MA (~$1.10).
  
• Positioning: Consider a moderate‑risk long with a stop just below the 20‑week moving average and a target at the upper end of the FY‑2025 guidance band. If you’re more conservative, a partial‑scale‑out on a breakout above $1.30 can lock in gains while keeping exposure for any upside from the Q3 results.
  

Overall, the fundamentals underpinning the 30 % YoY growth are durable, and the market is still under‑pricing the upside. A disciplined, momentum‑aligned long position appears justified, with clear technical and fundamental checkpoints to manage downside.