Opera sales fall 17% in Q1 on lower mobile ad revenues
Opera Software reported first-quarter revenues of USD 107 million, down 17 percent from a year earlier, with adjusted EBITDA plunging to USD 0.5 million from USD 10 million a year earlier due to significantly lower mobile advertising revenue from its AdColony unit, partly offset by growth at its Bemobi (apps and games) and SurfEasy (VPN) units. Opera attributed the decline in AdColony revenue to the delayed launch of new products in the fourth quarter of 2016, which impacted on first quarter revenues. The c