Note 3 - Revenue (Tables)

12 Months Ended

Dec. 31, 2025

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,
		2023				2024				2025
Advertising		$	230,980			$	290,723			$	396,040
Query			162,168				188,997				216,832
Other revenue			3,679				927				1,953
Total revenue		$	396,827			$	480,648			$	614,825

The table below presents revenue by country based on the location of the contracting customer. This may not be indicative of the geographic distribution of revenue-generating activities, as users of Opera’s products and services are located worldwide. In financial statements of prior periods, revenue was attributed based on the location of the customer’s ultimate parent. Comparative information has been reclassified to conform to the current presentation (in thousands):


		Year Ended December 31,
		2023				2024				2025
Ireland		$	163,048			$	184,875			$	211,665
Singapore			61,112				65,133				85,024
United States			34,628				62,714				77,953
Other locations			138,040				167,925				240,183
Total revenue		$	396,827			$	480,648			$	614,825

Revenue from one customer of query and advertising services amounted to more than ten percent of total revenue, as shown below (in thousands):


		Year Ended December 31,
		2023				2024				2025
Customer group 1		$	168,428			$	193,294			$	204,683

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,
		2024				2025
In the first year		$	10,273			$	30,693
In the second year			10,068				10,000
In the third year			10,000				10,000
In the fourth year			10,000				2,500
In the fifth year			2,500				—
Total remaining performance obligations		$	42,841			$	53,193

Disclosure of Deferred Revenue

Deferred revenue represents short-term advances from customers 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,
		2024				2025
Deferred revenue as of January 1		$	10,272			$	5,441
Deferred during the year			5,441				4,499
Recognized as revenue during the year			(10,272	)			(5,441	)
Deferred revenue as of December 31		$	5,441			$	4,499