EToro reports second quarter crypto loss even as total profit beats estimates

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  "detected_at": "2026-08-11T17:12:11+00:00",
  "company": {
    "name": "eToro",
    "domain": "etoro.com"
  },
  "data": {
    "url": "https://www.coindesk.com/business/2026/08/11/digital-broker-etoro-reports-q2-crypto-revenue-dropped-120-compared-to-2025",
    "title": "EToro reports second quarter crypto loss even as total profit beats estimates - CoinDesk",
    "excerpt": "EToro’s (ETOR) crypto trading was $7.2 million in the red in the second quarter of 2026, a decline of nearly 120% from the $37.7 million it made a year earlier, according to its second-quarter earnings released Tuesday . The Tel Aviv, Israel-based trading platform reported $1.35 billion in cryptoasset revenue, around 29% lower than the $1.91 billion a year earlier. Its cost of revenue from cryptoassets was $1.35 billion, leaving a $7.2 million loss, compared with a $37.7 million gain a year earlier. EToro said it is developing onchain perpetual futures and that crypto buying power is “coming soon.” Crypto activity has cooled, however: the company reported 1.4 million crypto trades in July, down 73% from a year earlier, while the average crypto trade fell 50% to $182. Overall, eToro’s net contribution rose 9% year over year to $229 million, driven mainly by equity trading, while funded accounts increased 18% to 4.28 million. Shares fell as much as about 11% after the announcements. The report also noted that the adjusted diluted earnings per share of $0.68 beat analysts’ estimates of $0.61. Shares nevertheless traded more than 12% lower in the hours following the earnings release at around $29.80.",
    "summary": "eToro reported a loss of $7.2 million from its crypto trading operations in the second quarter of 2026, a significant downturn from the $37.7 million gain it recorded in the same period the previous year.",
    "location": "Tel Aviv, Israel",
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    "image_url": "https://cdn.sanity.io/images/s3y3vcno/production/b51601b176dc3c6b4d6c74591116ef860cd0d2a3-1920x1280.jpg?auto=format&fit=crop&crop=focalpoint&w=1920&h=1080&q=75",
    "confidence": 0.95,
    "published_at": "2026-08-11T17:12:11Z",
    "location_data": [
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        "city": "Tel Aviv",
        "region": "Western Asia",
        "country": "Israel",
        "continent": "Asia",
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    "article_sentence": "EToro’s (ETOR) crypto trading was $7.2 million in the red in the second quarter of 2026, a decline of nearly 120% from the $37.7 million it made a year earlier, according to its second-quarter earnings released Tuesday .",
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  -H "Content-Type: application/json" \
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