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Note 3 - Revenue (Tables)

12 Months Ended

Dec. 31, 2024

Analysis of income and expense [abstract]

Disclosure of Disaggregation of Revenue from Contracts with Customers

The following table presents revenue disaggregated by type (in thousands):


		Year ended December 31,
		2022				2023				2024
Advertising		$	187,434			$	230,980			$	293,448
Search			140,162				162,168				186,273
Technology licensing and other revenue			3,441				3,679				927
Total revenue		$	331,037			$	396,827			$	480,648

The table below presents the revenue by customer location based on where the customer has its primary geographical presence, which usually is where its parent company is incorporated, but which is not necessarily an indication of where revenue-generating activities occur because the users of Opera’s products and services are located worldwide (in thousands):


		Year ended December 31,
		2022				2023				2024
United States		$	172,288			$	203,056			$	256,009
Singapore			28,876				41,181				46,659
Nigeria			10,888				20,636				19,706
Russia			20,288				34,976				16,984
Other locations			98,696				96,978				141,290
Total revenue		$	331,037			$	396,827			$	480,648

, as shown below (in thousands):


		Year ended December 31,
		2022				2023				2024
Customer group 1		$	148,481			$	168,428			$	193,294

Disclosure of Transaction Price Allocated to Remaining Performance Obligations

The following table shows the amounts of remaining performance obligations under fixed-price long-term contracts, and the expected timing for recognition of revenue relative to the end of the reporting period (in thousands):


		As of December 31,
		2023				2024
In the first year		$	8,773			$	10,273
In the second year			10,273				10,068
In the third year			2,568				10,000
In the fourth year			—				10,000
In the fifth year			—				2,500
Total remaining performance obligations		$	21,614			$	42,841

Disclosure of Deferred Revenue

Deferred revenue represents short-term advances from customers of search and advertising services where the performance obligations are due to be fully satisfied during the next reporting period. The table below shows the movements in the balance of deferred revenue (in thousands):


		Year ended December 31,
		2023				2024
Deferred revenue as of January 1		$	995			$	10,272
Deferred during the year			10,272				5,441
Recognized as revenue during the year			(995	)			(10,272	)
Deferred revenue as of December 31		$	10,272			$	5,441