iHub News
4週前
eToro (ETOR) Tops First-Quarter Estimates as Commodities Trading JumpsMay 12, 2026 10:41 AM
IH Market News eToro (NASDAQ:ETOR) reported first-quarter results on Tuesday that came in ahead of Wall Street expectations, supported by a sharp increase in commodities trading activity that helped counter softer cryptocurrency volumes.Shares of the company rose about 1.2% in pre-market trading following the earnings release.The online trading and investment platform posted adjusted earnings per share of $0.91, exceeding analyst expectations of $0.67 by $0.24. Commodities Activity Drives Strong Performance Quarterly revenue totaled $2.44 billion, down 35% from $3.76 billion in the same period last year.However, net contribution — a company metric that excludes certain costs — increased 19% year-on-year to $258 million from $217 million in the prior-year quarter.eToro said the performance was driven largely by strong demand for commodities trading.According to the company, commodities represented approximately 60% of total trading commissions during the quarter, while trading volumes in the segment increased nearly fourfold compared with a year earlier. Profit and EBITDA Improve Net income rose 37% year-on-year to $82 million, compared with $60 million in the first quarter of 2025.Adjusted EBITDA increased 35% to $109 million from $80 million a year earlier.The company also continued to expand its user base and assets under management.Funded accounts increased 12% year-on-year to 4.02 million, while assets under administration climbed 15% to $17.0 billion.“I’m incredibly proud of the eToro team for delivering our strongest quarterly financial results as a public company, while continuing to accelerate product innovation,” said Yoni Assia, CEO and Co-Founder of eToro. eToro Expands Product Offering and Crypto Presence During the quarter, eToro introduced several new products and platform enhancements.The company launched 24/7 trading for selected commodities, equities and indices, expanded access to Japanese equities and rolled out cryptocurrency trading services in New York.eToro also announced the acquisition of Zengo, a self-custodial crypto wallet company.The acquisition was completed on April 30, 2026.eToro stock price Original: eToro (ETOR) Tops First-Quarter Estimates as Commodities Trading Jumps
iHub News
4月前
eToro jumps nearly 10% after Q4 earnings beat expectationsFebruary 17, 2026 11:22 AM
IH Market News
eToro Group Ltd (NASDAQ:ETOR) posted fourth-quarter results on Tuesday that topped Wall Street forecasts, sending shares sharply higher in early trading despite a year-over-year decline in net contribution.The multi-asset trading platform saw its stock climb 9.8% in pre-market activity following the release.Adjusted earnings per share for the fourth quarter of 2025 came in at $0.71, ahead of analyst estimates of $0.69.Revenue totaled $3.87 billion. However, net contribution — defined as revenue minus costs directly tied to user activity — fell 10% year over year to $227 million, compared with $253 million in the same quarter of 2024.“Our fourth quarter results reflect the strength and resilience of our multi-asset business model,” said Meron Shani, CFO of eToro. “We delivered compelling financial performance through a combination of diversified revenue streams, healthy funded accounts growth, and disciplined financial management.”Funded accounts increased 9% from a year earlier to 3.81 million, while assets under administration rose 11% to $18.5 billion. On a GAAP basis, net income climbed 16% year over year to $69 million, up from $59 million in the fourth quarter of 2024.For full-year 2025, eToro reported net contribution of $868 million, up 10% from $788 million in 2024, and net income of $216 million, marking a 12% annual increase.The company also expanded its share repurchase authorization to $150 million remaining and plans to initiate an Accelerated Share Repurchase agreement covering approximately $50 million of its common stock.eToro stock price
Original: eToro jumps nearly 10% after Q4 earnings beat expectations
mattdc
1年前
eToro made a strong debut on the Nasdaq on May 14, 2025. The Israel-based trading platform, known for its social trading features and cryptocurrency offerings, priced its initial public offering (IPO) at \$52 per share, above the anticipated range of \$46 to \$50. The stock opened at \$69.69, a 34% premium over the IPO price, and closed at \$67, marking a 29% increase on its first day of trading .
eToro sold approximately 11.9 million shares in the IPO, raising around \$620 million. The offering was led by major financial institutions, including Goldman Sachs, Jefferies, UBS, and Citigroup . The company's valuation reached approximately \$5.5 billion following the IPO.
Founded in 2007, eToro has grown to serve over 40 million users across 75 countries. The platform allows users to trade stocks, cryptocurrencies, and other assets, and is particularly known for its "CopyTrader" feature, which enables users to replicate the trades of experienced investors. In 2024, eToro reported significant financial growth, with net income rising to \$192.4 million from \$15.26 million in 2023, and revenues increasing from \$3.43 billion to \$12.64 billion .
The successful IPO is seen as a positive sign for the fintech sector and the broader IPO market, which had experienced a slowdown due to recent market uncertainties. eToro's strong market entry reflects renewed investor optimism and could signal a resurgence in public listings .
mattdc
1年前
eToro Sets IPO Price at $52 Per Share, Surpasses Expectations
Online trading platform eToro has finalized the pricing for its expanded initial public offering (IPO) at $52 per share, coming in above its previously projected range of $46 to $50. The IPO will include the sale of 11.92 million Class A common shares.
Trading is scheduled to begin on May 14 on the Nasdaq Global Select Market, where the company will be listed under the ticker symbol “ETOR.” The offering is projected to generate approximately $620 million in gross proceeds, placing eToro’s valuation at around $4.2 billion.
Founded in 2007, eToro has grown into a prominent platform for retail investors, operating in the same competitive space as Robinhood and other digital brokerages. The funds raised from the IPO are expected to support the firm’s expansion plans and investments in technology.
As part of the offering, the underwriters have also received a 30-day option to buy up to an additional 1.79 million shares, potentially increasing the total proceeds further.
Goldman Sachs, Jefferies, UBS Investment Bank, and Citigroup are leading the underwriting efforts, joined by a group of additional banks including Deutsche Bank, BofA Securities, and Mizuho.
The IPO arrives amid a shaky market for tech-related public listings, but investor appetite for eToro appears strong, bolstered by the company’s established reputation and dual focus on stock and cryptocurrency trading.
https://ih.advfn.com/market-news/article/10242/etoro-sets-ipo-price-at-52-per-share-surpasses-expectations?_gl=1*5pb1wm*_gcl_au*MTA4NTM4NDY1Ni4xNzQ2MTk0NjE2