EToro Reports Sharp Drop in Crypto Trading. Why the Stock Is Rising. -- Barrons.com

Dow Jones05-12

By Nate Wolf

Shares of eToro Group rose Tuesday after the crypto-focused trading platform reported better-than-feared quarterly results.

The company reported $2.44 billion in revenue in the first quarter, down from $3.76 billion last year amid a decline in cryptocurrency prices, but costs fell even further. EToro posted adjusted earnings of 91 cents a share for the quarter, up from 77 cents a year ago and well above analysts' consensus call for 71 cents.

The stock jumped 6.3% to $41.20 in premarket trading. Shares remain down from their offering price of $52 at the time of eToro's initial public offering last May.

The platform is doing its best to weather a sharp fall in crypto trading activity. Crypto volume in April was down 32% year over year, the company reported Tuesday.

Write to Nate Wolf at nate.wolf@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

May 12, 2026 07:41 ET (11:41 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment