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Otello Corporation (formerly known as Opera Software ASA) is a holding company for a collection of companies within mobile advertising and apps & games. The Company holds the assets of AdColony, Bemobi and Skyfire. AdColony is a marketing platform focused on delivering performance and outcomes for brands, agencies, publishers and app developers through advertising on mobile devices; Bemobi is a mobile media and entertainment company integrating people and mobile content through technology and services; Skyfire enables mobile operators to optimize its network performance and quality.

TypePublic
Founded1995
HQOslo, NO
Websiteotellocorp.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2018)493(+3%)
Revenue (FY, 2017)$419 M(-21%)

Key People/Management at Otello Corporation

Lars Boilesen

Lars Boilesen

CEO
Petter Lade

Petter Lade

CFO
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Otello Corporation Office Locations

Otello Corporation has an office in Oslo
Oslo, NO (HQ)
Gjerdrums vei 19
Oslo, NO
Nydalen
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Otello Corporation Financials and Metrics

Otello Corporation Revenue

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Otello Corporation's revenue was reported to be $419 m in FY, 2017 which is a 21.3% decrease from the previous period.
USD

Revenue (FY, 2017)

419.0m

Revenue growth (FY, 2016 - FY, 2017), %

(21.3%)

Gross profit (FY, 2017)

78.2m

Gross profit margin (FY, 2017), %

18.7%

Net income (FY, 2017)

(51.8m)

EBIT (FY, 2017)

(46.1m)

Cash (31-Dec-2017)

86.0m
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

454.2m532.2m419.0m

Revenue growth, %

(6%)17%(21%)

Cost of goods sold

349.5m415.6m340.8m

Gross profit

104.7m116.6m78.2m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

126.8m146.2m113.4m129.1m127.7m136.0m107.0m109.9m108.7m

Cost of goods sold

83.8m91.0m86.7m101.6m101.2m105.8m90.0m88.9m85.5m

Gross profit

43.0m55.2m26.7m27.5m26.5m30.2m17.0m21.0m23.2m

Gross profit Margin, %

34%38%24%21%21%22%16%19%21%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

97.7m219.5m86.0m

Accounts Receivable

197.3m154.6m111.4m

Inventories

300.0k200.0k200.0k

Current Assets

329.3m402.4m211.4m
Annual
USDFY, 2015FY, 2016FY, 2017

Depreciation and Amortization

54.2m58.7m38.7m

Cash From Operating Activities

56.0m3.1m7.9m

Purchases of PP&E

(7.5m)(6.3m)(10.3m)

Cash From Investing Activities

(179.2m)431.1m(17.1m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Depreciation and Amortization

11.0m23.2m38.9m15.5m31.5m47.7m9.9m20.6m29.2m

Cash From Operating Activities

(16.6m)14.5m34.6m11.5m18.8m21.2m1.8m800.0k6.0m

Purchases of PP&E

(2.0m)(4.2m)(5.5m)(2.4m)(4.3m)(5.1m)(5.1m)(10.0m)(10.2m)

Cash From Investing Activities

(77.1m)(104.8m)(172.3m)(119.8m)(133.3m)(160.6m)(18.3m)(35.1m)(46.8m)
USDY, 2017

Revenue/Employee

778.8k

Financial Leverage

1.4 x
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Otello Corporation Operating Metrics

Otello Corporation's Active Users was reported to be 350 m in FY, 2015.
FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Active Users

350 m350 m

Unique Devices Reach (top 1000 apps)

1.30 b1.50 b2 b

Unique Users (mobile)

240 m280 m

Unique Users (Android)

85 m130 m144 m
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Otello Corporation Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
4th Screen Advertising Holdings Limited
4th Screen Advertising Limited
Advine
Apprupt GmbH
Apps and Games Ireland Limited
Handster, Inc
Huntmads SA
LLC Opera Software Russia
Opera Commerce, LLC
Opera Distribution AS
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Otello Corporation Revenue Breakdown

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Otello Corporation revenue breakdown by business segment: 86.8% from Mobile Advertising , 12.6% from Apps & Games and 0.6% from Other

Otello Corporation revenue breakdown by geographic segment: 54.9% from Americas, 32.4% from EMEA and 12.7% from Asia Pacific

Otello Corporation Online and Social Media Presence

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Otello Corporation News and Updates

Otello Corporation Announces Third Quarter Results

OSLO, Norway, Nov. 13, 2019 /PRNewswire/ -- Otello Corporation today reported financial results for the third quarter, which ended September 30, 2019. Please find the third quarter report (3Q19.pdf) and third quarter presentation (3Q19_presentation.pdf) attached. Webcast:...

Otello Corporation Announces Second Quarter Results

OSLO, Norway, Aug. 20, 2019 /PRNewswire/ -- Otello Corporation today reported financial results for the second quarter, which ended June 30, 2019. Please find the second quarter report (2Q19.pdf) and second quarter presentation (2Q19_presentation.pdf) attached. Webcast:...

Otello Corporation Frequently Asked Questions

  • When was Otello Corporation founded?

    Otello Corporation was founded in 1995.

  • Who are Otello Corporation key executives?

    Otello Corporation's key executives are Lars Boilesen and Petter Lade.

  • How many employees does Otello Corporation have?

    Otello Corporation has 493 employees.

  • What is Otello Corporation revenue?

    Latest Otello Corporation annual revenue is $419 m.

  • What is Otello Corporation revenue per employee?

    Latest Otello Corporation revenue per employee is $849.9 k.

  • Who are Otello Corporation competitors?

    Competitors of Otello Corporation include AdColony, Chartboost and AerServ.

  • Where is Otello Corporation headquarters?

    Otello Corporation headquarters is located at Gjerdrums vei 19, Oslo.

  • Where are Otello Corporation offices?

    Otello Corporation has an office in Oslo.

  • How many offices does Otello Corporation have?

    Otello Corporation has 2 offices.