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
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(END) Dow Jones Newswires
May 12, 2026 07:41 ET (11:41 GMT)
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