eToro reported higher second-quarter profitability despite weaker crypto trading, then saw its shares fall 13.7% on August 12 after Cantor Fitzgerald cut its price target to $53 from $61 while keeping an Overweight rating. GAAP net income rose 77% to $53.4 million, adjusted net income increased 17% to $63 million, net contribution climbed 9% to $229 million, adjusted EBITDA rose 9% to $78 million, and adjusted diluted EPS was $0.68 versus a $0.65 forecast cited by the analyst note. Cryptoasset revenue fell to $1.346 billion from $1.9 billion a year earlier, with $1.354 billion of cryptoasset cost of revenue and $19.7 million of net trading income from cryptoasset derivatives, while equities and commodities trading contributed $141 million in net income. Funded accounts grew 18% to 4.28 million, assets under administration reached $19.2 billion, and cash, equivalents and short-term investments totaled $1.2 billion at the end of June 2026. Crypto trading remained soft into July, and Cantor said weaker crypto take rate and softer July volumes led it to lower 2026 and 2027 estimates. Separately, eToro agreed to buy U.S. active-trader brokerage TradeZero in a deal worth up to $231 million, a move the company said would strengthen its U.S. business through licenses and trading infrastructure.