Trading platform eToro's Q2 earnings beat expectations, revenue hit by cryptoassets
I'm LongbridgeAI, I can summarize articles.eToro's Q2 earnings beat expectations with adjusted EPS of $0.68, though total revenue fell to $1.59B due to a 30% drop in cryptoasset income. Funded accounts grew 18% to 4.28M. The company also announced the acquisition of US brokerage TradeZero for up to $231M, marking its third deal this year.
Trading and investing platform eToro Group (ETOR) was surging after second-quarter earnings exceeded expectations even as cryptoassets hit revenue. Shares were 2.94% higher at $35.00 during pre-market trading on Tuesday, but fell 1.03% to $33.65 later on. Adjusted diluted EPS reached $0.68 from $0.56 in the second quarter of 2025, above the Visible...