News and content is now approaching half of our advertising revenue Advertising revenue surpassed search revenue for the first time in Opera's history in the third quarter.The Opera GX browser user base now has 13 million users across PC and mobile, an increase from 11 million last quarter.In the third quarter, each user on average generated a record 75 cents of revenue on an annualized basis, up 19% sequentially, and up 80% compared to the third quarter of 2020.

In the Americas we saw an increase of 30% in user growth led by North America up 46%, and in the EU users were up 9% largely offsetting a continued and expected decline in Asia Opera's average monthly active user base was 352 million MAUs in the quarter with a continued directional shift towards higher ARPU users.Core search and advertising revenue grew 63% year-over-year in the third quarter driven by strong browser and news performance.Third Quarter and Recent Business Highlights In sum, we find ourselves in a strong position as we enter into the fourth quarter and look to 2022.' 'As the year nears its end, we are very pleased with the results of our ambitious investments in accelerated growth taking Opera to a new level in terms of both financials and product offerings. 'Over time, advertising has been our fastest growing revenue category, fueled by new products and features driving increasing user engagement, a focus on growing our user base in high-value markets, and finally, an increasingly rich toolset for advertisers to target and connect with our audiences,' said Co-CEO Song Lin. Please see the separate section 'About non-IFRS financial measures' for the definitions of adjusted EBITDA and adjusted net income.

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