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3d ago

eToro Shares Slide to Near IPO-Day Lows After Q2 Report Exposes Cooling Trading Activity

Adjusted profits beat analyst estimates, yet investors sold off shares over signs of sequential declines in net contribution and trading momentum.

Etoro shares tumble to new lows as trading activity “normalized throughout july”, bitcoin ath fails to help
Etoro revenue jumps 26% but profits stay flat in public debut
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Overview

  • Net contribution climbed 26% year-on-year to $210 million in Q2 but dipped 3% from the prior quarter.
  • GAAP net income held at $30.2 million following $15 million in IPO-related charges; adjusted profit of $54.2 million ($0.56 per share) topped forecasts.
  • Funded accounts rose 14% to 3.63 million users and assets under administration jumped 54% to $17.5 billion on sustained retail engagement.
  • Shares tumbled 8.3% to $50.74, marking a 32% drop from May IPO highs as July’s trading volumes normalized.
  • CEO Yoni Assia highlighted new offerings—24/5 U.S. equities trading, Franklin Templeton portfolios, French savings products and a Singapore hub launch—while revenue remains heavily crypto-dependent.