I'm very glad, you're bringing this up. It's good to know you're looking for transparency, because that's what we users deserve. It's on the same level as your debunking the spyware allegations a while ago.
So generally my acclaim to your post here, thank you. As I said, I'm happy with you bringing thus to our attention.
But if you don't mind, I would like to give some honest thoughts about the things you say. Having a longer experience with the Opera browsers on desktop, Android and iOS I see, there are some points to mention here.
First of all, it's really great that you can toggle off a lot promotional things in the browser. You also ship ad blocking and track protection even with uBlock Origin lists. That's great.
But if you install Opera for the first time either on Android or on desktop, you'll find a lot of stuff enabled by default which you have to opt out and not opt in. Let's name a few: newsfeed, promotional suggestions, weather forecast, Cashback etc. I really would prefer if I would be asked if I would opt in (I get, you have to earn money!). Especially as you promote Opera as a privacy (respecting) browser, which it isn't exactly.
The other thing I have to mention: After a fresh installation it's quite nice to see, that ad blocking is turned on (with some default exceptions like Google, Facebook and others). But with tracking protection turned off by default, although I consider this even more important than the first.
I know it's riding on the blade: on the one hand giving user choices, on the other hand making some money. But whenever I install Opera a new, I get the impression that all these privacy opt outs (shouldn't they be opt in?) are shattered all around the settings and you'll stumble upon them every now and then. I sometimes think, I haven't yet found each of them.
So in the end, concerning privacy I generally would trust you, but not totally so. You still collect a great amount of data, don't you? And some things in this blog and your privacy policy stays vague in this respect. Nevertheless, Opera is a great browser and I only wish you could even make it better.