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

Dow Jones
05/12

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)

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