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Leopold Aschenbrenner, a prominent German AI researcher and investor who previously worked at OpenAI, recently acquired a 5.6% stake in the cloud-based AI infrastructure company Nebius (NBIS +3.10%) through his Situational Awareness fund.

That purchase might seem surprising, since Nebius' stock has already rallied nearly 170% this year and doesn't look like a bargain at 19 times this year's sales. Let's see why Aschenbrenner invested in Nebius -- and if it could soar even higher through the end of the year.

Image source: Getty Images.

A high-growth AI infrastructure play Nebius was formerly Yandex, which owned Russia's largest search engine. But in 2022, the sanctions against Russia forced Yandex to divest its Russian assets, relocate to the Netherlands, and rebrand itself as Nebius, a cloud-based AI infrastructure company.

As Nebius, it provides customized AI services for the data training, edtech, and robotics markets. It also integrates popular managed services, such as Kubernetes, into its data centers. That makes it more of a full-stack AI infrastructure services provider than CoreWeave (CRWV 2.47%), which mainly helps companies process GPU-intensive tasks.

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Neocloud companies, like Nebius and CoreWeave, are growing rapidly as streamlined, AI-focused alternatives to traditional cloud infrastructure platforms like Amazon Web Services (AWS) and Microsoft Azure. They can generally process AI tasks faster and more cheaply than those larger cloud platforms.

After restructuring itself as an AI infrastructure company, Nebius' revenue surged 351% to $530 million in 2025. From 2025 to 2028, analysts expect its revenue to grow at a 242% CAGR to $21.2 billion and achieve profitability in the final year. That explosive growth should be fueled by its two massive deals with Meta and Microsoft, as well as its future multi-billion-dollar deals with other hyperscalers as the AI market expands.

Why is Nebius still a promising investment? Aschenbrenner's Situation Awareness fund mainly invests in companies building the physical infrastructure layer of AI rather than makers of chatbots or generative AI apps. Its investment thesis originates from Aschenbrenner's self-published essay -- Situational Awareness: The Decade Ahead -- which argues that the ultimate bottleneck for the AI market's growth won't be algorithms, but rather the physical constraints of data centers, chips, and power grids.

Aschenbrenner's investment in Nebius clearly fits into that strategy. That's probably why Nvidia -- the world's leading data center GPU maker -- also took stakes in Nebius and CoreWeave over the past few years. Nebius' stock will likely remain volatile in this choppy market, but it could be a great long-term play on the growing neocloud market.

Leo Sun has positions in Amazon and Meta Platforms. The Motley Fool has positions in and recommends Amazon, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.

If you've got $5,000 sitting around waiting to invest, now could be a smart time to put it to work. Several high-growth investment opportunities could easily provide solid upside in the short term, but also represent solid long-term picks if the current trend lasts over the next five years.

Three high-growth stocks that I'm eyeing are Sandisk (SNDK +10.17%), Micron (MU +5.07%), and CoreWeave (CRWV 2.47%). All three of these are rapidly growing and are thriving in the artificial intelligence (AI) buildout.

Image source: Getty Images.

1. Micron Micron manufactures both DRAM and NAND memory chips, each of which is in short supply. Memory chip demand is driven by the massive AI build-out, which is causing the prices on these chips to spike.

Micron is benefiting from this, but it's also building out extra manufacturing capacity to meet demand. However, those facilities won't be operational until later next year, which means the memory chip shortage could last for a few more years. This shortage gives Micron investors an opportunity to make a ton of money, as it's rapidly growing due to soaring commodity prices.

Next quarter, analysts expect 264% revenue growth. For the fourth quarter of fiscal year 2026 (ending in August), they expect an additional 250% growth. Those are solid figures, yet Micron still trades at a discount to most of its tech peers, which commonly trade for 20 to 30 times forward earnings.

MU PE Ratio (Forward) data by YCharts

Micron looks like a strong growth and value play now, and with the memory chip shortage expected to last for a few more years, it's a great pick.

2. Sandisk Sandisk is in a similar boat as Micron, but it only makes NAND memory, which typically gets consumed in solid-state drives. Solid-state drives are important in data centers for long-term data storage and are similarly experiencing a shortage, driving prices to soar. Sandisk's revenue growth is more rapid than Micron's, with Wall Street analysts projecting 332% and 337% growth over the next two quarters.

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Sandisk is also more expensive than Micron at 28 times forward earnings, but it may deserve that premium with the higher growth rate. Both Sandisk and Micron will continue to see strong growth for the foreseeable future until the memory supply increases.

However, AI hyperscalers are also spending more on data center capital expenditures each year, so just because more production capacity is being built, it doesn't mean the memory chip shortage will be resolved anytime soon. That could make both Micron and Sandisk strong multiyear plays, which is why I think they are both solid stock picks now.

3. CoreWeave Switching gears a bit, CoreWeave is one of the companies causing the memory chip shortage. It operates several data centers and fills them with cutting-edge GPUs, and rents out the computing capacity to its clients. It's seeing strong demand for its cloud computing products, and has captured several major clients, like Meta Platforms and Microsoft.

CoreWeave is also seeing strong growth, and Wall Street estimates that its next two quarters of growth will be 112% and 154%. This strength will likely last for several more years, as CoreWeave has a gigantic backlog to churn through.

It has nearly $100 billion in revenue contracted over about a five- to six-year time frame, and that figure will likely expand with each quarter as new capacity comes online and new clients are onboarded. That will lead to phenomenal growth for CoreWeave over the next few years. As long as the AI buildout continues to gain momentum, CoreWeave will be an excellent investment, as it's working to build a computing footprint as large as possible before the AI arms race is over. If it can capture several major clients, it will have a long-term, continuous revenue stream that will make it a top AI stock to own.

When the Nasdaq shed more than 1,100 points on Friday — its worst single-day drop in over a year — the instinct for retail traders was to buy the dip. 

AAPL stock is down. See the chart and price action here. But not every ticker got the love.

The Dip-Buying Data Data from Robinhood’s 25 most-traded stocks on June 5 reveals a clear hierarchy of conviction — and a telling list of names investors quietly walked away from while everyone else was buying.

The logic seemed straightforward: big AI names down big, buy the brand you know.

The more interesting story sits at the bottom of the list.

Six stocks saw retail investors become net sellers on Friday despite the broader urge to “buy the dip."

The Magnificent Seven — except Tesla, Nvidia and Meta — was being sold into the chaos, not bought. 

Amazon, Microsoft and Alphabet all had buy/sell ratios well below 1.0x, meaning more shares were being sold than bought even as those stocks declined. 

ServiceNow and Credo, despite holding 30-day buy ratios above 1.0x (1.12x and 1.08x respectively), saw sharp single-day reversals, suggesting traders were locking in gains rather than adding exposure.

The Bottom LineThe pattern points to something deeper than a simple “buy the dip” narrative. 

Retail money was rotating — out of mega-cap software and cloud names that had run hard during the Nasdaq’s nine-week winning streak, and into beaten-down hardware and AI infrastructure plays that looked cheaper on Friday afternoon.

Whether that rotation holds remains the question. But for at least one brutal session, the biggest names in tech were not the ones retail traders wanted to own.

Photo: richeri / Shutterstock

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Key Takeaways CRWV fell 34% as investors weighed AI growth prospects against valuation and execution risks.CRWV posted $2.08B Q1 revenues and grew backlog to $99.4B, supporting future growth targets.CoreWeave raised capex guidance to $31B-$35B as it expands AI infrastructure and capacity. The AI boom has created a new generation of infrastructure companies that power the massive computing demands of machine learning and generative AI. Among the most closely watched names is CoreWeave, Inc. (CRWV - Free Report) , a specialized cloud provider that rents high-performance GPUs to AI developers and enterprises.

Despite being positioned in one of the fastest-growing industries in the world, CoreWeave's stock has fallen roughly 34% over the past year, underperforming the Zacks Internet-Software Market’s fall of 16.7%. The stock has underperformed the Zacks Computer & Technology sector and the S&P 500 Composite, with growth rates of 43.9% and 26.3%, respectively, in the same period. 

Image Source: Zacks Investment Research

CRWV stock is trailing behind tech behemoths like Microsoft (MSFT - Free Report) , which has plunged 12.5% over the same period, and its direct competitor Nebius Group N.V. (NBIS - Free Report) , another fast-rising AI infrastructure company, whose shares surged 315.2%. Microsoft develops PCs, tablets, gaming systems and other smart devices, while its Azure platform offers cloud software, services and infrastructure. Similar to CRWV, Nebius specializes in GPU-driven AI cloud computing and infrastructure solutions for enterprises and developers, positioning itself as a strong player in the expanding AI infrastructure space.

The decline has left investors wondering whether this is a temporary setback in a long-term growth story or a warning sign that the market's AI enthusiasm has gone too far. The answer depends on how you evaluate both the opportunities and risks facing the company.

The Bull Case for CRWV StockDespite the stock decline, several factors support a positive long-term outlook. The global AI industry remains in its early stages. Companies across various industries, including healthcare, finance, manufacturing, retail and software, are increasing their investments in AI capabilities. Every major AI model requires significant computing resources for both training and inference. This trend directly benefits CoreWeave because its platform specializes in providing access to advanced GPUs and AI infrastructure. If AI adoption continues expanding over the next decade, demand for CoreWeave's services could grow substantially.

One of CoreWeave's biggest strengths is its close connection to NVIDIA (NVDA - Free Report) . Recently, it became the first AI cloud provider to complete the bring-up and full system-level validation of NVDA Vera Rubin NVL72, a next-generation AI platform, positioning CRWV at the forefront of next-generation AI infrastructure and strengthening its competitive advantage in the rapidly expanding AI cloud market. In January, NVIDIA increased its investment in CoreWeave to $2 billion. CoreWeave plans to expand to five GW of data center capacity by 2030 through a mix of leased and self-built facilities, enhancing operational control and long-term returns. As new generations of NVIDIA hardware are released, CRWV may be well-positioned to attract customers seeking cutting-edge computing resources without making massive infrastructure investments themselves.

Although profitability remains a concern, CoreWeave has demonstrated impressive revenue growth. It reported first-quarter revenues of approximately $2.08 billion, more than doubling year over year. CRWV is seeing growing adoption from both hyperscalers, AI labs and enterprises, driving record backlog growth supported by early Vera Rubin deals and continued demand for Blackwell, Hopper and Ampere capacity. Its revenue backlog surged to $99.4 billion, with most commitments tied to 2027 targets and expected to support strong future growth and profitability. It now expects to exit 2026 with $18–$19 billion in annualized revenues and continues to target more than $30 billion by the end of 2027. More than 75% of its 2027 goal is already supported by contracts, with sufficient power capacity secured to meet its growth plans.

Image Source: Zacks Investment Research

CoreWeave has built a diversified customer base spanning leading AI model developers and large enterprises across multiple industries. Beyond GPUs, it now offers an integrated AI cloud platform that includes CPU, storage, networking and software solutions. With active power exceeding one GW and contracted power above 3.5 GW, the company remains on track to surpass eight GW by 2030. Combined with innovative financing initiatives and growing infrastructure scale, it is well-positioned to meet rising demand for high-performance AI cloud capacity and drive its next phase of growth.

The Bear Case for CRWV StockWhile the growth trajectory is compelling, investors should also be aware of the risk factors. Many AI infrastructure providers depend heavily on a few large customers. If a key customer cuts back spending, builds its own infrastructure or switches providers, revenue growth could slow considerably. Customer concentration remains a significant risk to watch.

Rapid expansion often requires substantial financing. CoreWeave has invested aggressively to secure GPUs and grow capacity. While this approach can support future growth, it also raises leverage and financial obligations. If AI demand grows more slowly than expected, these investments may become less attractive. As of March 31, 2026, long-term debt stood at $25.4 million. Interest expenses are expected to increase in the second quarter to as much as $730 million as debt levels rise to fund deployments. The company also raised its full-year capital expenditure outlook to $31-$35 billion, citing higher component costs and substantial spending needed to bring new capacity online.

The AI infrastructure market is becoming increasingly crowded. CoreWeave competes not only with traditional cloud giants such as Amazon Web Services, Microsoft Azure and Google Cloud, but also with emerging AI-focused cloud providers like NBIS. Large technology companies possess enormous financial resources and existing customer relationships, making competition a long-term challenge. Moreover, technological obsolescence is a major concern as maintaining leadership requires constant investment in newer GPU generations and infrastructure upgrades. This creates ongoing pressure on margins and capital allocation.

CRWV Faces Unfavorable Estimate Revision TrendCRWV’s estimates revisions are deteriorating dramatically. The Zacks Consensus Estimate for its earnings for 2026 has been revised south 12.2% over the past 60 days.

Image Source: Zacks Investment Research

Concerns About CRWV’s ValuationCRWV stock is not so cheap, as its Value Style Score of D suggests a stretched valuation at this moment. In terms of Price/Book, CRWV’s shares are trading at 9.53X, higher than the Internet Software industry’s 4.49X.

Image Source: Zacks Investment Research

In comparison, NBIS and MSFT are trading at multiples of 7.62X and 7.38X, respectively.

What Should Investors do With CRWV Stock Now?CoreWeave's 34% stock decline reflects investor concerns about valuation, capital intensity, competition and execution risk. Yet the company's position at the center of the AI infrastructure boom remains a powerful long-term advantage. AI demand is expected to keep growing, but the key challenge for CoreWeave is turning that demand into consistent profits while managing debt and expansion costs.

For investors comfortable with risk and volatility, the recent pullback could be a buying opportunity. More cautious investors may prefer to wait for stronger signs of profitability and financial stability. With a Zacks Rank #3 (Hold), CRWV appears to be treading in the middle of the road, and new investors could be better off if they trade with caution. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Nvidia (NVDA +0.80%) may get a lot of the press in the artificial intelligence (AI) investing world, but there are other stocks out there that are growing quicker than Nvidia that don't get nearly as much attention as they deserve. Furthermore, Nvidia is also looking out for these companies, and has actually taken a position in them itself. That's a huge vote of confidence, as Nvidia has several other business units that can deliver a huge return on investment. Yet, it's choosing to invest in these two.

The stocks outgrowing Nvidia that are also backed by it are Nebius (NBIS +3.10%) and CoreWeave (CRWV 2.47%). Each of these looks like a strong buy, and I think they have the potential to outperform Nvidia.

Image source: Getty Images.

Nebius and CoreWeave are easily outgrowing Nvidia Nebius and CoreWeave are both neocloud companies, which are cloud computing businesses completely focused on providing AI computing. Each deploys Nvidia hardware, which is also why Nvidia is confident in them, because it can see huge orders being placed by these two. Nebius and CoreWeave operate a bit differently. Nebius offers its clients a full-stack computing solution, giving them everything they need to create, train, and run AI models and applications. CoreWeave's offering is heavily dependent on GPUs (graphics processing units) that are available on demand for increased computing power.

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Nebius is the smaller of the two businesses, but has the faster growth rate. In Q1, Nebius posted jaw-dropping revenue growth of 684% from the year-earlier period. That's just absurdly fast, but it could be just the beginning. Wall Street analysts expect Nebius to deliver 551% revenue growth this year and 224% next year. From 2025 to 2027, Nebius' revenue is projected to increase from $530 million to $11.2 billion.

That's an unbelievable growth rate in a short time frame, and showcases the monstrous demand for Nebius' computing platform. With growth like that, it's hard to ignore this stock, and it could easily outperform Nvidia over the same time frame.

CoreWeave isn't growing as fast as Nebius, but it's no slouch. In Q1, its revenue rose 112% from a year earlier to $2.1 billion. Like Nebius, CoreWeave has piled up a huge order backlog from the various clients it has signed to its platform. Its backlog now sits at nearly $100 billion, with more than a third of that expected to turn into revenue during the next two years. Wall Street is similarly bullish on CoreWeave's growth prospects, with analyats expecting revenue to rise 147% in 2026 and 97% in 2027. Both of those years will likely exceed Nvidia's growth rates, making it an intriguing stock to buy now.

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However, there are some important notes to keep in mind for each business.

Nebius and CoreWeave aren't profitable Nebius and CoreWeave are in a generational opportunity for each of their businesses, so it shouldn't surprise investors that profits are an afterthought. However, investors need to know how these two are funding their build-out. Data centers aren't cheap, and with CoreWeave and Nebius not having a base business to fund these expansions, they must raise capital somehow. That can be through issuing shares or taking on debt, but either way creates increased risk for shareholders. However, it's also the only way for these two to operate, so it's not really a choice.

The main thing investors must consider before investing is the increased risk these two pose, given their funding structures and the long-term ramifications for returns if issuing shares is the primary mechanism for raising capital. This can dilute existing shareholders (similar to how inflation decreases the purchasing power of the dollar), and damp long-term returns.

However, with the major growth these two are experiencing, I think they can easily deliver a strong return on investment and become solid companies in a few years. It won't be easy, but with major AI demand, I think these two can do it.

CoreWeave, Inc. (Nasdaq: CRWV) (“CoreWeave”) announced today that it intends, subject to market and other customary conditions, to offer $3.5 billion (or e

Key Takeaways CoreWeave posted record Q1 bookings above $40B, lifting contracted revenue backlog to nearly $100B.CRWV is gaining enterprise customers across finance, robotics, autonomous driving and scientific research.CoreWeave expanded its AI cloud with Trust Center, Omni and new pricing and connectivity offerings. CoreWeave, Inc. (CRWV - Free Report) is benefiting from the growing adoption of enterprise AI as organizations across industries increasingly deploy AI workloads in production environments. The company stated that its addressable market continues to expand as AI applications move beyond training into inference, agentic workloads and enterprise-scale production, all of which require significant computing power.

While hyperscalers and foundation model developers continue to deepen their engagement with CoreWeave, the company is also seeing strong demand from a new group of enterprise customers seeking access to its AI cloud platform at scale. This momentum contributed to record customer bookings during the first quarter, with more than $40 billion in new commitments, increasing contracted revenue backlog to nearly $100 billion.

Enterprise adoption is also contributing to greater customer diversification. CoreWeave highlighted that financial services have become a major growth vertical, with technology-driven firms expanding machine learning workloads on its platform. This business is approaching $10 billion in revenue backlog, supported by larger commitments from existing customers, such as Jane Street and new customers, including Hudson River Trading.

Additional enterprise demand is emerging from physical AI and spatial computing, with companies involved in robotics, autonomous driving, scientific research and world models selecting CoreWeave for its specialized infrastructure, performance and developer tools. Recent additions include World Labs, PhysicsX and Sunday Robotics. Overall, the company has 10 customers who have each committed to spending at least $1 billion.

To support enterprise requirements, CoreWeave continues to strengthen its integrated AI cloud platform beyond GPUs by expanding its CPU, storage, networking, software and developer tool offerings. The company introduced its Trust Center to help enterprises deploy AI while meeting security and compliance standards. It also launched Flex Reservation and Spot pricing, introduced cross-cloud connectivity solutions and began offering CoreWeave Omni, enabling customers to deploy the company's cloud stack within their own data centers. Management stated that enterprise adoption is accelerating, customer commitments continue to increase, and the expanding platform positions CoreWeave to support a broader range of AI workloads while strengthening long-term growth prospects.

Taking a Look at CRWV’s CompetitorsNebius (NBIS - Free Report) is benefiting from the growing adoption of enterprise AI as organizations across a wide range of industries increasingly deploy AI to address complex business challenges. The company stated that demand is expanding beyond technology-focused customers, with larger enterprises in manufacturing, energy, heavy equipment and pharmaceuticals increasingly engaging with its platform. These customers are leveraging Nebius’ full-stack AI offerings for diverse applications, including AI model development, enterprise AI deployment and advanced workloads. On the last earnings call, management highlighted examples such as life sciences startups using its cloud platform to accelerate drug discovery, reflecting the broader adoption of AI across enterprise and industry-specific use cases.

Microsoft (MSFT - Free Report) is benefiting from growing enterprise adoption of AI as organizations increasingly integrate Microsoft 365 Copilot and AI-powered productivity tools into daily workflows. The company stated another record quarter for Microsoft 365 Copilot, with paid seats surpassing 20 million and seat additions increasing 250% year over year, marking its fastest growth since launch. The number of customers with more than 50,000 seats quadrupled from the prior year, while enterprises such as Accenture, Bayer, Johnson & Johnson, Mercedes and Roche expanded deployments. Microsoft also highlighted that higher Copilot adoption is enriching organizational context, improving AI capabilities and driving stronger usage across Microsoft 365 applications, including Word, Excel and PowerPoint.

For the fourth quarter of fiscal 2026, Microsoft expects total company revenues between $86.7 billion and $87.8 billion, suggesting growth of 13% to 15%, with accelerating commercial growth partially offset by the consumer business.

CRWV Price Performance, Valuation and EstimatesShares of CoreWeave have gained 21.6% in the past six months against the Internet Software industry’s fall of 14.2%.

Image Source: Zacks Investment Research

In terms of Price/Book, CRWV’s shares are trading at 8.9X, higher than the Internet Software Services industry’s 4.35X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for CRWV’s earnings for the current year has been drastically revised downward over the past 60 days.

Image Source: Zacks Investment Research

CRWV currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Posted by Defense World Staff on Apr 5th, 2026

Shares of eToro Group Ltd. (NASDAQ:ETOR – Get Free Report) have received an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $57.9375.

A number of analysts have issued reports on ETOR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $58.00 price target on shares of eToro Group in a report on Wednesday, February 18th. Zacks Research downgraded eToro Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. TD Cowen decreased their target price on eToro Group from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, January 14th. Bank of America reaffirmed a “neutral” rating on shares of eToro Group in a report on Wednesday, February 18th. Finally, Canaccord Genuity Group dropped their price target on shares of eToro Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th.

Read Our Latest Stock Report on ETOR

eToro Group Stock Performance Shares of NASDAQ ETOR opened at $29.88 on Friday. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.45 billion and a PE ratio of 13.46. eToro Group has a twelve month low of $24.74 and a twelve month high of $79.96. The stock has a fifty day simple moving average of $29.93 and a 200-day simple moving average of $35.15.

eToro Group (NASDAQ:ETOR – Get Free Report) last announced its earnings results on Wednesday, February 18th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. The firm had revenue of $3.87 billion for the quarter. eToro Group had a net margin of 1.56% and a return on equity of 21.35%.

Institutional Inflows and Outflows A number of hedge funds have recently modified their holdings of ETOR. American Century Companies Inc. purchased a new position in shares of eToro Group during the second quarter worth about $6,665,000. Federated Hermes Inc. purchased a new stake in shares of eToro Group in the 2nd quarter valued at about $11,320,000. Norges Bank purchased a new stake in shares of eToro Group in the 2nd quarter valued at about $16,315,000. ARK Investment Management LLC boosted its position in shares of eToro Group by 56.1% in the 3rd quarter. ARK Investment Management LLC now owns 387,164 shares of the company’s stock valued at $15,978,000 after purchasing an additional 139,132 shares during the period. Finally, Farther Finance Advisors LLC purchased a new position in eToro Group during the 3rd quarter worth approximately $1,996,000.

eToro Group Company Profile (Get Free Report)

eToro Group Ltd. (NASDAQ: ETOR) is a global multi-asset brokerage company known for its social trading platform. The company enables individual and institutional investors to trade and invest in a broad range of financial instruments, including stocks, exchange-traded funds (ETFs), commodities, indices, forex, and cryptocurrencies. eToro’s platform integrates a user-friendly interface with advanced trading tools, catering to both novice and experienced market participants.

A distinguishing feature of eToro’s offering is its CopyTrader™ functionality, which allows users to replicate the trades of selected investors on the platform.

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NEW YORK, April 14, 2026 (GLOBE NEWSWIRE) -- eToro, the trading and investing platform, today announced the launch of the eToro App Store, a marketplace enabling investors and developers to build, share and access trading and analytics applications directly within the eToro platform.

Bringing together developers, startups, Pro Investors and everyday investors, the eToro App Store forms the foundation of a new builders economy for investing, where financial innovation can be created, shared and scaled across eToro’s global community of millions of investors.

A dedicated portal for builders

Alongside the App Store, eToro is introducing a builders portal, giving third-party developers, quantitative strategists and partners with structured access to eToro’s APIs, agent skills, MCP server, CLI tooling, plus technical documentation and other development resources.

Through this portal, partners and builders can develop and distribute applications to millions of users via eToro’s global platform. Users can also create and publish their own tools using AI-powered, no-code capabilities, enabling them to transform their expertise into scalable solutions and reach a global audience.

Apps ready to explore

Users can discover applications by category or featured listings and install them in a single click. At launch, the eToro App Store will feature a selection of applications designed to enhance the investing experience through additional tools, automation, and insights.

Apps build on eToro plug into core platform capabilities including:

Algorithmic trading – execute trades programmatically with low-latency order placementSocial analytics – analyse the performance of Pro Investors and Smart PortfoliosMarket monitors – stream price data across crypto, stocks, ETFs, commodities and morePortfolio tools – configure rule-based rebalancing and track P&L across your portfoliosSmart watchlists – retrieve and manage private and public watchlistsFeeds & community integrations – access user and instrument feeds, or publish posts directly from your app. Commenting on the launch, Yoni Assia, Co-Founder and CEO of eToro, said: “Investing has always evolved with technology, but AI is accelerating that in ways we couldn’t have imagined a few years ago. The eToro App Store opens up financial innovation to anyone with an idea. Developers and quants finally have a direct line to millions of retail investors, and those investors finally get the more flexible and user-designed tools they’ve always wanted. That’s what opening up financial innovation really looks like.”

The eToro App Store is being rolled out to users in eligible markets, with expanded functionality and additional app categories planned throughout the year.

Contacts
Media - [email protected]

About eToro
eToro is a trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news.

Disclaimers:

Availability of the above-mentioned products and services may vary by jurisdiction and country, for example not all of these products and services are currently available to US users.

Applications may transmit automated trade instructions that execute at speed. Automated or AI-enabled tools may result in rapid and substantial financial losses.

The eToro ecosystem of applications (Public API, Vibe Coding, and App Store) is a neutral technology infrastructure and does not provide investment advice, portfolio management, discretionary trading, or other fiduciary services. Third-party applications operate independently. Use it at your sole risk. By clicking and trying the eToro ecosystem of applications, you accept and are subject to the Builders’ Economy Terms of Use and Risk Disclosure.

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

eToro is a group of companies that are authorised and regulated in their respective jurisdictions. The regulatory authorities overseeing eToro include:

The Financial Conduct Authority (FCA) in the UKThe Cyprus Securities and Exchange Commission (CySEC) in CyprusThe Australian Securities and Investments Commission (ASIC) in AustraliaThe Financial Services Authority (FSA) in the SeychellesThe Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) in the UAEThe Monetary Authority of Singapore (MAS) in SingaporeeToro USA Securities Inc., registered with Securities and Exchange Commission (SEC) and member of FINRA and SIPCeToro USA LLC state and FinCEN (31000318247697) registeredeToro NY LLC hold licenses with the State of New York (MTL #104940 and VC #122584)

eToro is initiated at hold, with Q1 expectations clouded by crypto volatility and competitive US dynamics. ETOR faces challenges in US expansion due to regulatory barriers and entrenched competitors like Robinhood. CopyTrader and social investing features offer differentiation, but US traction remains limited; management's execution is critical.

Net Contribution of $258 million, up 19% YoY 

Net Income of $82 Million, up 37% YoY

Adjusted EBITDA of $109 million, up 35% YoY

4.02 million funded accounts, up 12% YoY

NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- eToro Group Ltd. (“eToro”, or the “Company”) (NASDAQ: ETOR), the trading and investing platform, today announced financial results for the first quarter ended March 31, 2026.

“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. In the first quarter, we introduced 24/7 trading for commodities, equities and indices, added Japanese equities, and launched crypto trading in New York. We also saw acceleration in product launches with many new apps within the eToro App Store, AI-powered Agent Portfolios, and an integration with xAI for Tori, our AI agent.

“The acquisition of Zengo, a leading self-custodial crypto wallet provider, meaningfully advances our strategy of bridging traditional finance with on-chain infrastructure, prediction markets, perpetuals and the broader crypto ecosystem.

“Looking ahead, we continue to enhance our global product offering, deepen our investment in on-chain technologies, and grow our suite of AI-driven tools, which we believe will fundamentally reshape how retail investors engage with the markets and unlock new opportunities for growth,” commented Yoni Assia, CEO and Co-Founder of eToro.

“Strong first quarter 2026 results supported by a surge in commodities trading, demonstrated the strength of our multi-asset business model. We delivered compelling financial performance through a combination of diversified revenue streams, strong funded accounts growth, and increased customer engagement. We continue to execute with discipline and focus as we seek to deliver long-term value to our shareholders,” said Meron Shani, eToro CFO.

First Quarter 2026 Financial and Product Highlights1

Net contribution increased by 19% year-over-year to $258 million, compared to $217 million in the first quarter of 2025, driven primarily by increased commodities trading activity.Net income (GAAP) increased by 37% year-over-year to $82 million, compared to $60 million in the first quarter of 2025.Adjusted Net Income (Non-GAAP) increased by 28% year-over-year to $86 million, compared to $67 million in the first quarter of 2025.Adjusted EBITDA (Non-GAAP) increased by 35% year-over-year to $109 million, compared to $80 million in the first quarter of 2025, largely due to increased net contribution.Adjusted Diluted EPS (Non-GAAP) was $0.91, compared to $0.77 in the first quarter of 2025.Funded Accounts increased 12% year-over-year to 4.02 million compared to 3.58 million in the first quarter of 2025. This was driven primarily by increased marketing spend on user acquisition and retention efforts.Assets under Administration grew by 15% year-over-year to $17.0 billion, compared to $14.8 billion in the first quarter of 2025.Cash, Cash Equivalents and Short Term Investments were $1.3 billion as of March 31, 2026.Launched key products in AI, 24/7 trading, savings and eToro Money across our four pillars of Trading, Investing, Wealth Management and Neo-Banking.Acquisition of Zengo, a leading self-custodial crypto wallet provider, which closed on April 30th, 2026. 1See “Non-GAAP Financial Metrics and Key Performance Indicators” below for additional information and a reconciliation to GAAP for all Non-GAAP financial metrics. Adjusted EBITDA margin is based on net contribution.

April KPI metrics2

eToro also reported the below selected monthly business metrics for April 2026:

Assets under Administration (AUA) were $18.7 billion, up 19% year-over-year.Funded Accounts were 4.07 million, up 13% year-over-year.Capital Markets/ECC Activity Total number of trades for April was 63 million, up 50% year-over-year;Invested amount per trade for April was $197, down 48% year-over-year. Crypto Activity Total number of trades for April was 2 million, down 32% year-over-year;Invested amount per trade for April was $207, down 22% year-over-year. Interest Earning Assets for April were $7.0 billion, up 28% year-over-year.Total Money Transfers for April were $1.4 billion, up 53% year-over-year. Business Highlights

eToro accelerated product development in the first quarter, launching products and services to support users at every stage of their investing journey.

Trading: eToro expanded its offering with the launch of 24/7 trading for select commodities, equities and indices. Commodities trading accounted for approximately 60% of trading commissions in the quarter, and volumes increased nearly fourfold year-over-year. With the addition of Japanese equities, eToro now offers users the ability to trade equities from 26 exchanges. The Company introduced crypto trading for users in New York, successfully activating its BitLicense and Money Transmitter License.Investing: eToro continued to enhance its investing experience including the launch of the eToro App Store, a marketplace enabling investors and developers to access, build, share, and scale trading and analytics applications directly within the eToro ecosystem. As part of its commitment to AI-powered investing, eToro introduced Agent Portfolios, dedicated sub-portfolios, which provide a structured way to experiment with intelligent portfolio automation in a controlled environment through a simple conversational interface with Tori, eToro’s AI agent. eToro also expanded its partnership with xAI, embedding real-time market sentiment powered by Grok 4.2 directly into Tori’s investing workflow.Wealth Management: eToro strengthened its wealth offering supported by growth in UK ISAs and the launch of an upgraded subscription service. The Company is targeting a market opportunity exceeding $1 trillion, with strong momentum in the UK cash ISA segment, where assets under management in the quarter grew 15x year-over-year. eToro introduced an upgraded eToro Club Subscription, providing access to exclusive wealth tools, enhanced investing features, and premium rewards.Neo-Banking: The European rollout of the eToro Money card continued to see strong adoption, with the number of new cards issued increasing 2.2x quarter-over-quarter. eToro continues to expand its localized experience to strengthen user trust, drive adoption, and support sustainable growth across key regions.M&A: In April, eToro announced the acquisition of Zengo, combining eToro’s global multi-asset platform and distribution with Zengo’s secure, self-custodial wallet technology. The acquisition strengthens the Company’s digital asset capabilities and accelerates its strategy to bridge traditional finance with on-chain infrastructure and the crypto-native economy. 2Numbers may not sum up due to rounding; percentage changes based on unrounded data. This selected preliminary data has not been audited or reviewed and should not be extrapolated for future periods. April 2026 metrics are based on currently available information and are subject to update. Final results and other business metrics for the full fiscal quarter will be available in our filings with the U.S. Securities and Exchange Commission (“SEC”) or otherwise publicly disclosed and might vary from the information above. eToro’s management uses the foregoing key performance indicators to help evaluate the business, measure its performance, identify trends, prepare financial projections and make business decisions. Definitions of performance indicators can be found elsewhere in this press release.

Conference Call and Livestream Information

eToro will host a video call to discuss its results at 5:30 a.m. PT / 8:30 a.m. ET today, May 12, 2026. The video call can be accessed at investors.etoro.com, along with this earnings press release and accompanying slide presentation. The event will also be live streamed to eToro’s YouTube and X.com official channels.

Contact

Media Relations – [email protected]

Investor Relations – [email protected]

About eToro

eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media center here for our latest news.

ETORO GROUP LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands     March 31 December 31 2026  2025  Unaudited UnauditedAssets   Current assets:   Cash and cash equivalents1,047,403  1,072,641 Restricted cash327  329 Short-term investment228,248  202,688 Counterparties347,053  249,055 Cryptoassets60,536  62,606 Receivable from omnibus accounts8,951  26,820 Other receivables and prepaid expenses66,339  61,299  1,758,857  1,675,438 Non-current assets:   Restricted cash11,794  11,688 Right of use assets25,695  41,873 Property and equipment, net8,681  7,361 Goodwill and other intangible assets, net42,508  43,211 Deferred taxes11,513  11,776  100,191  115,909     Total Assets1,859,048  1,791,347     Liabilities and equities   Current liabilities:   Accounts payable5,163  4,435 Current maturities of long-term lease liabilities5,462  5,978 Short term liabilities7,923  8,994 Payable to users190,579  107,830 Accrued expenses and other payables239,123  215,414  448,250  342,651 Non-current liabilities:   Employee benefit liabilities, net923  962 Long-term lease liabilities28,207  48,485 Deferred taxes4,495  4,659  33,625  54,106 Equity attributable to equity holders of the company:   Common share premium1,280,706  1,273,894 Preferred share premium—  — Treasury shares(165,157) (62,085)Advanced Investment Agreement9,091  9,091 Other capital reserve1,881  5,441 Retained Earnings250,652  168,249  1,377,173  1,394,590 Total liabilities and equity1,859,048  1,791,347  ETORO GROUP LTD.
CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME (LOSS)
U.S. dollars in thousands     Three months ended Three months ended March 31, 2026 March 31, 2025 Unaudited Unaudited    Revenue and income:   Net trading income from equities, commodities and currencies165,637  96,837 Revenue from cryptoassets2,153,099  3,500,800 Net trading income from cryptoassets derivatives33,391  77,051 Net interest income from users47,326  52,618 Currency conversion and other income30,976  23,911 Other interest income8,707  4,164 Total revenue and income2,439,136  3,755,381     Costs:   Cost of revenue from cryptoassets2,171,127  3,528,853 Margin interest expense9,854  9,159 Research and development41,087  36,621 Selling and marketing61,505  61,222 General, administrative and operating costs58,383  49,502 Finance and other income, net(2,015) (517)Total costs2,339,941  3,684,840     Income before taxes on income99,195  70,541 Taxes on income16,791  10,589 Net income82,404  59,952     Other comprehensive income, net:   Items that may be reclassified subsequently to profit or loss:   Cash flow hedges, net of tax(3,560) (2,229)Other comprehensive loss for the period, net of tax(3,560) (2,229)    Total comprehensive income78,844  57,723     Basic net income per share0.98  0.79 Diluted net income per share0.86  0.69     Weighted-average shares of common shares used to compute net income per share attributable to common shareholders:   Basic84,155,367  75,712,289 Diluted94,177,135  86,576,130  ETORO GROUP LTD.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands     Three months ended Three months ended March 31, 2026 March 31, 20253 Unaudited UnauditedCash flows from operating activities:   Net income82,404  59,952 Adjustments to profit or loss items:   Depreciation, amortization, impairment and disposal Costs3,216  3,011 Share-based payment4,052  4,287 Evaluation of liabilities(1,071) 1,831 Revaluation of fair value of cryptoassets and counterparties99,937  51,830 Non-cash revenue from staking and blockchain rewards(6,605) (8,723)Non-cash costs from staking and blockchain rewards4,287  5,847 Finance and other income, net(2,015) (517)Taxes on income, net16,791  10,589 Total adjustments118,592  68,155 Changes in asset and liability items:   Increase of counterparties(194,072) (63,184)Decrease of cryptoassets197  13,154 Increase of other receivables and prepaid expenses(9,168) (7,029)Increase of restricted cash(82) (124)Increase of user and omnibus accounts, net99,928  48,901 Decrease of accounts payable(499) (670)Increase (decrease) of accrued expenses and other payables14,649  (19,753)Decrease of employee benefit liabilities, net(601) (29)Adjustments: cash items(89,648) (28,734)Interest received (paid), net during the period(1,151) 967 Taxes paid, net during the period(5,801) (5,557)Net cash provided by operating activities104,396  94,783 Cash flows from investing activities:   Purchase of intangible assets(165) (57)Increase of short-term deposits(137,515) (86,000)Decrease of short-term deposits112,307  75,000 Increase of long-term investments(500) — Purchase of property and equipment(2,122) (522)Net cash used in investing activities(27,995) (11,579)Cash flows from financing activities:   Exercise of options1,638  280 Repayment of lease liability(1,391) (1,147)Purchase of treasury shares(101,102) — Net cash used in financing activities(100,855) (867)Exchange differences on balances of cash and cash equivalents(784) 7,379 Increase (decrease) in cash and cash equivalents(25,238) 89,716 Cash and cash equivalents at beginning of period1,072,641  575,395 Cash and cash equivalents at end of period1,047,403  665,111  3The comparative financial information has been adjusted to reflect the change in accounting policy regarding the classification of $5 million USDC as cash equivalents.

Non-GAAP Financial Metrics and Key Performance Indicators

 This press release and the accompanying tables contain financial measures that are not calculated in accordance with International Financial Reporting Standards nor with Generally Accepted Accounting Principles (collectively “GAAP”) metrics, including Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted EPS. The inclusion of the non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. eToro believes these non-GAAP financial measures provide important supplemental information to management regarding financial and business trends used in assessing its results of operations. eToro believes excluding specified items provides a more meaningful comparison to the corresponding reporting periods and internal budgets and forecasts, assists investors in performing analysis that is consistent with financial models developed by investors and research analysts, provides management with a more relevant measure of operating performance and is more useful in assessing management performance.

eToro urges its investors to review the reconciliations of the non-GAAP financial measures included in this press release to the most directly comparable GAAP financial measure set forth herein, and not to rely on any single financial measure to evaluate eToro’s business.

This press release also includes key performance indicators that eToro’s management uses to help evaluate the business, measure its performance, identify trends, prepare financial projections and make business decisions. eToro’s key performance indicators include Funded Accounts, Assets Under Administration and Net Contribution. Definitions of performance indicators can be found elsewhere in this press release.

ETORO GROUP LTD.
RECONCILIATION OF NON-GAAP METRICS
U.S. dollars in thousands     Three months ended Three months ended March 31, 2026 March 31, 2025 Unaudited Unaudited    Net income82,404  59,952 Finance expense, net2,091  (517)Taxes on income16,791  10,589 Share-based payment expense4,068  4,287 Depreciation and amortization3,216  3,010 Employee non-cash expense5,119  (1,049)Transaction related costs—  2,091 Other expenses (income), net(5,177) 1,831 Adjusted EBITDA108,512  80,194  ETORO GROUP LTD.
RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME
U.S. dollars in thousands     Three months ended Three months ended March 31, 2026 March 31, 2025 Unaudited Unaudited    Net income 82,404   59,952 Share-based payment expense 4,068   4,287 Amortization 868   838 Employee non-cash expense 5,119   (1,049)Transaction related costs —   2,091 Other expenses (income), net (6,147)  1,831 Adjusted net income before tax 86,312   67,950     Tax impact (662)  (1,201)Adjusted net income 85,650   66,749     Basic shares outstanding 84,155,367   75,712,289     Diluted shares outstanding 94,177,135   86,576,130     Basic Non-GAAP EPS$1.02  $0.88     Diluted Non-GAAP EPS$0.91  $0.77     Basic GAAP EPS$0.98  $0.79     Diluted GAAP EPS$0.86  $0.69 
Definitions of Certain Metrics

Adjusted EBITDA: Adjusted EBITDA is a non-GAAP financial metric that we define as net income adjusted to exclude finance and other expenses, net, taxes on income, share-based payment expense, depreciation and amortization, employee non-cash expense, one-time transaction costs and other expense.

Adjusted EBITDA Margin: Adjusted EBITDA Margin is a non-GAAP financial metric that we define as Adjusted EBITDA divided by Net Contribution.

Adjusted Diluted Earnings Per Share (Adjusted Diluted EPS): Adjusted Diluted EPS is a non-GAAP financial metric and is calculated by dividing the Adjusted Net Income attributable to common shareholders by the diluted shares outstanding during the period. Adjusted Diluted EPS excludes the impact of the same non-recurring or non-operational items to provide investors with a normalized measure of profitability on a per-share basis.

Adjusted Net Income: Adjusted Net Income refers to a company’s net income after making adjustments for non-recurring, one-time, or non-cash items such as restructuring charges, asset impairments, acquisition-related expenses, or gains/losses from discontinued operations.

Assets under administration (AUA): AUA reflects the aggregate fair value of assets held by users within the platform, including those held by third-party partners for execution or custody services, categorized as follows:

Crypto: Includes all cryptocurrencies and users’ crypto assets held in eToro digital wallets.Equities: Includes stocks, ETFs, and assets managed under the Spaceship program.Cash: Includes customers’ uninvested cash (e.g., cash balances, eMoney balances, in-process cashouts), as well as cash used for margin or posted as collateral for leveraged positions. Funded Accounts: Funded Accounts are users who have completed KYC, AML and other onboarding processes, activated their account, deposited funds, executed at least one trade at any time and have a positive account balance (invested or uninvested). Funded Accounts represent the deepest level of our user acquisition funnel and are the users from whom we generate total commission.

Interest Earning Assets: Interest Earning Assets are the average monthly balances of users’ cash balances, corporate cash, users’ total leveraged positions and stakeable cryptoassets.

Invested amount per trade: The total invested amount divided by the total number of trades. For reporting purposes, we present this measure separately for capital markets (equities, commodities, and currencies) and for cryptoassets, in order to highlight trends across the two categories, given their unique characteristics.

Net Contribution: Net Contribution reflects Total revenue and income, less the Cost of revenue from cryptoassets and Margin interest expense. We use Net Contribution to evaluate the net contributions of our users’ activity on our platform before considering the overhead costs associated with our operations.

Net Contribution consists of the following five components, each representing revenue or income divided across our products based on the distinct patterns upon which we monetize users’ activity on the platform. We evaluate the performance of our business and our success in both diversification and risk management across these five components:

Net Trading Contribution (Equities, Commodities and Currencies) is equal to our Net trading income from equities, commodities and currencies.Net Trading Contribution (Cryptoassets) is equal to Revenue from cryptoassets plus Net trading income (loss) from cryptoasset derivatives less Cost of revenue from cryptoassets, excluding the net contributions from blockchain rewards and staking activity.Net Interest Contribution represents Net interest contribution from users plus Other interest income plus the net contributions of staking activity, less Margin interest expense.eToro Money comprises the vast majority of our Currency conversion and other income. It represents the income earned from our money management services, including currency conversions, withdrawals, interchange on our debit card, transfers of cryptoassets, and fees relating to our cryptoasset wallet services.Subscriptions and Other is the remainder of Currency conversion and other income not attributable to eToro Money plus the net contributions of blockchain rewards. Net Income: Net income represents the company’s total earnings or profit for a given period, calculated as total revenue minus all expenses, including operating costs, depreciation, interest, taxes, and other income or expenses. It reflects the company’s overall profitability according to GAAP standards.

Total Money Transfers: Total money transfers are the cumulative value across the respective period of user deposits, withdrawals, and cross-currency trade funding via eToro Money IBAN.

Trades: Trades represent the total number of orders that were placed by users and executed during the applicable period. Trades include self-directed and copy trades, and each trade reflects either the opening or closing of a position by a user.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, market positioning development plans and growth strategy. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “outlook,” “guidance,” “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “plan,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond eToro’s control. eToro’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to market volatility and erratic market movements; failure to retain existing users or add new users; extreme competition; changes in the regulatory and legal framework under which we operate; regulatory inquiries and investigations; our estimates of our financial performance; interest rate fluctuations; the evolving cryptoasset market, including the regulations thereof; conditions related to our operations in Israel, including the ongoing war; risks related to data security and privacy and use of Open Source Software (“OSS”); risks related to artificial intelligence (“AI”); the ability to maintain the listing of our securities on Nasdaq; changes in general economic or political conditions; changes to accounting principles and guidelines; unexpected costs or expenses; and other factors described in “Risk Factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission ("SEC") on March 2, 2026, as such factors may be updated from time to time in eToro’s filings with the SEC, which are, or will be, accessible on the SEC’s website at www.sec.gov.

Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent eToro’s views as of the date of this press release. eToro anticipates that subsequent events and developments will cause its views to change. eToro undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These forward-looking statements should not be relied upon as representing eToro’s views as of any date subsequent to the date of this press release.

Source: eToro Group Ltd.

How Did Peter Thiel-Backed Crypto Exchange Bullish's IPO Go?eToro Group NASDAQ: ETOR reported a strong start to 2026, with executives pointing to record public-company net contribution and adjusted EBITDA, accelerating funded account growth and a shift in trading activity from crypto toward commodities and other capital markets products.

On the company’s first-quarter earnings call, Chief Executive Officer Yoni Assia said net contribution rose 19% year over year to $258 million, while adjusted EBITDA increased 35% to $109 million. Chief Financial Officer Meron Shani said adjusted EBITDA margin expanded to 42%, compared with 37% a year earlier, driven by higher net contribution.

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IPO Momentum Returns: 3 Stocks Rising After CoreWeave’s Surge“This was a very strong quarter and a very strong start to 2026,” Assia said, adding that the results showed “the durability of our model” as users moved across asset classes while remaining active on the platform.

Commodities Drive Capital Markets Growth eToro’s capital markets business was a major contributor to the quarter. Shani said net trading contribution from capital markets rose 71% year over year to a record $166 million, supported by increased customer engagement and a shift by crypto traders into other products. Commodities accounted for 60% of trading commissions in the first quarter, and Assia said commodities volumes increased nearly fourfold from a year earlier.

Assia said many users who traded commodities had originally come to eToro for crypto or equities, highlighting the company’s multi-asset model. During the past six months, he said users who initially traded crypto or equities accounted for most commodities trading volume. In the Q&A, he added that about 60% of customers who traded commodities in the first quarter originally joined eToro to trade crypto or equities.

Shani said the number of trades rose 90% during the quarter, primarily due to activity in commodities and record inflows into copy trading as professional investors responded to changing market conditions.

Crypto contribution declined. Shani said net trading contribution from crypto was $13 million, with the year-over-year decline driven by lower trading activity and customers shifting into commodities. The figure included a $5 million negative valuation impact from the company’s corporate crypto holdings, leaving a $14 million balance at quarter-end.

Funded Accounts and Assets Under Administration Rise Funded accounts grew 12% year over year to 4.02 million, which Assia described as the company’s fastest organic growth in more than a year. Assets under administration reached $17 billion, up 15% year over year, driven by customer inflows.

Executives said momentum continued into April. Shani said April funded accounts reached 4.07 million, up 13% year over year, while assets under administration reached $18.7 billion, which he said was up 90% year over year. April trading trends continued to show strength in equities and commodities, with revenue per trade running “slightly above” the company’s typical $0.60 to $0.75 range, Shani said.

Net interest income was $48 million, down 5% year over year, which Shani attributed to lower interest rates and user deleveraging during market volatility. That decline was partly offset by a 13% increase in higher interest-earning assets, including user cash deposits, staking and corporate cash.

eToro Money contribution grew 32% year over year to a record $29 million, helped by a 70% increase in total money transfers. Assia said the number of eToro Money cards issued more than doubled from the prior quarter.

AI, Copy Trading and 24/7 Trading Remain Strategic Focuses Assia emphasized eToro’s use of artificial intelligence across internal operations and customer-facing products. He said the company made AI a company-wide mandate six months ago and is using AI agents across research, engineering, product development and marketing.

“We believe 2026 is the year of agents, and eToro is among the early adopters of this shift in our industry,” Assia said.

The company discussed Agent Portfolios, which allow users to allocate capital to AI-driven strategies within a dedicated portion of an eToro account. Assia said the product had been live for about three weeks and had generated more than 500,000 trades, though he cautioned that it remains early. He said the company is seeing higher trading velocity but smaller trade sizes, with the model resembling copy trading and Smart Portfolios.

Copy trading reached an all-time high during the quarter, according to Assia, driven by demand to copy professional investors during volatile market events. The company also launched an eToro App Store and a builders portal for trading and analytics applications, including AI-related tools.

Assia also discussed extended-hours trading. He said 24/5 trading has shifted about 30% of stock volume to after-hours periods, though the company has not disclosed how much of that is additive rather than substitutive. For 24/7 trading, he said it is still early but he expects it could represent at least 10% to 20% of volumes over time.

Balance Sheet, Buybacks and Acquisitions eToro ended the quarter with $1.3 billion in cash equivalents and short-term investments and generated $104 million in cash from operating activities. Shani said the company repurchased approximately 3.3 million shares for an aggregate $103 million under its previously announced share repurchase program.

Assia said the company has a “very strong M&A pipeline” and believes the current downturn in crypto creates opportunities for accretive acquisitions in 2026. He highlighted the recently announced acquisition of ZenGo, a self-custodial crypto wallet provider, as part of eToro’s longer-term crypto strategy.

Assia said ZenGo expands eToro’s ability to offer on-chain products, including swaps, yield, prediction markets and perpetuals over time. He said the deal gives eToro access to thousands of additional crypto assets through ZenGo, compared with more than 200 crypto assets available globally on eToro.

In response to an analyst question, Assia said ZenGo also expands eToro’s ability to compete across decentralized finance and traditional finance product categories, though he said it remains early to discuss revenue contribution.

Marketing Investment Set to Increase Adjusted operating expenses were $150 million in the first quarter, up 7% sequentially, driven by a $12 million increase in customer acquisition costs. Adjusted sales and marketing expense was $58 million, or 22% of net contribution.

Shani said eToro plans to gradually increase sales and marketing investment from 21% of net contribution last year to 25% this year, while remaining responsive to market opportunities.

Assia said AI is also changing the company’s marketing process by allowing teams to create more campaigns and target smaller customer segments more quickly. He said eToro has moved from roughly five campaigns a month to potentially 20 to 50, and expects that could accelerate further.

Looking ahead, executives said eToro is focused on expanding products across trading, investing, wealth management and neobanking. Assia said the company is seeking to bring commodities trading to U.S. customers in the next six to nine months and expects broader U.S. rollout of Smart Portfolios and CopyTrader in the second half, subject to regulatory processes.

About eToro Group NASDAQ: ETOReToro Group Ltd. NASDAQ: ETOR is a global multi-asset brokerage company known for its social trading platform. The company enables individual and institutional investors to trade and invest in a broad range of financial instruments, including stocks, exchange-traded funds (ETFs), commodities, indices, forex, and cryptocurrencies. eToro’s platform integrates a user-friendly interface with advanced trading tools, catering to both novice and experienced market participants.

A distinguishing feature of eToro’s offering is its CopyTrader™ functionality, which allows users to replicate the trades of selected investors on the platform.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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eToro Group Ltd. (ETOR) Q1 2026 Earnings Call Transcript

eToro shares have dropped over 40% in the past year, closely tracking declines in Bitcoin and cryptocurrencies. Despite the crypto downturn, ETOR's trading activity remains robust, recently driven by increased commodities trading on its platform. The stock fell approximately 7% following Q1 earnings, despite continued elevated user engagement and a tentative rebound trajectory.

eToro Group Ltd (NASDAQ:ETOR) reported upbeat earnings for the first quarter on Tuesday.

The company posted quarterly earnings of 91 cents per share which beat the analyst consensus estimate of 73 cents per share. The company reported quarterly sales of $2.439 billion which beat the analyst consensus estimate of $229.869 million.

Etoro Group shares gained 8.3% to trade at $40.74 on Wednesday.

These analysts made changes to their price targets on Etoro Group following earnings announcement.

Considering buying ETOR stock? Here’s what analysts think:

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NEW YORK , June 08, 2026 (GLOBE NEWSWIRE) -- eToro Group Ltd. (“eToro”, or the “Company”) (NASDAQ: ETOR), the trading and investing platform, is reporting the below selected monthly business metrics for May 2026.

Assets under Administration (AUA) were $20.1B, up 18% year-over-year.Funded Accounts* were 4.23M, up 17% year-over-year.Capital Markets/ECC Activity Total number of trades was 64.0M, up 59% year-over-year;Invested amount per trade was $201, down 36% year-over-year; Crypto Activity Total number of trades was 2.2M, down 31% year-over-year;Invested amount per trade was $203, down 28% year-over-year; Interest Earning Assets were $7.2B, up 14% year-over-year.Total Money Transfers was $1.6B, up 100% year-over-year.  May** 2025
 2026
 YoY ChangeTrading Activity           Number of trades (Capital markets/ECC) (in Millions)40.3 64.0 59%Invested amount per trade (Capital markets/ECC)$313 $201 -36%
Number of trades (Cryptoassets) (in Millions)3.2 2.2 -31%
Invested amount per trade (Cryptoassets)$282 $203 -28%
      Interest Earning Assets ($B)6.3 7.2 14%      Total Money Transfers ($B)0.8 1.6 100%            AuA ($B)17.0 20.1 18%Funded Accounts (in Millions)*3.61 4.23 17%       * Funded Accounts for May 2026 includes 110,000 from Zengo and Bit2C acquisitions.
** Metrics for May 2026 are estimated as of May 31, 2026. Numbers are rounded but percentages are based on unrounded numbers.

The selected preliminary data presented above is based on currently available information, has not been audited or reviewed, is subject to update and should not be extrapolated for future periods. Final results and other business metrics for the full fiscal quarter will be available in our filings with the U.S. Securities and Exchange Commission (“SEC”) or otherwise publicly disclosed and might vary from the information in this press release.

This press release includes key performance indicators that eToro’s management uses to help evaluate the business, measure its performance, identify trends, prepare financial projections and make business decisions. eToro’s key performance indicators include Funded Accounts, Assets under Administration Interest Earning Assets, Total Money Transfers and Number of Trades and Invested Amount per Trade, both for Cryptoassets and for Capital markets/ECC. Definitions of key performance indicators can be found at the end of this press release.

For more information, please see our presentation on our IR website at investors.etoro.com

eToro uses its website to distribute company information and makes available free of charge a variety of information for investors, including its filings with the SEC, in addition to disclosing information via press releases, filings with the SEC, public conference calls, webcasts, X feed (@eToro), Instagram page (@eToro_official) and LinkedIn page. The information disclosed through the foregoing channels could be deemed to be material information and we encourage investors, the media, and others to follow the channels listed above and to review the information disclosed through such channels. In addition, investors may opt in to automatically receive email alerts and other information about eToro when enrolling their email address under the “Stay Up to Date” option at the bottom of https://investors.etoro.com/. Information contained on or accessible through any of the foregoing channels is not incorporated by reference into this press release.

Definitions

Assets under administration (AUA): AUA reflects the aggregate fair value of assets held by users within the platform, including those held by third-party partners for execution or custody services, categorized as follows:

Crypto: Includes all cryptoassets held in eToro digital wallets, Zengo and Bit2C.Equities: Includes stocks, ETFs, assets managed under the Spaceship program and ISA products.Cash: Includes customers’ uninvested cash (e.g., cash balances, eMoney balances, in-process cashouts), as well as cash used for margin or posted as collateral for leveraged positions.
Funded Accounts: Funded Accounts are users who have successfully completed the onboarding requirements, activated their account, deposited funds, executed at least one trade, and maintain a positive account balance. For Zengo and Bit2C users, Funded Accounts are defined as users with a positive account balance. Funded Accounts represent the most advanced stage of our user acquisition funnel and are the primary source of commission-generating activity.

Interest Earning Assets: Interest Earning Assets are the average monthly balances of users’ cash balances, corporate cash, users’ total leveraged positions and stakeable cryptoassets.

Total Money Transfers: Total money transfers are the cumulative value across the respective period of user deposits, withdrawals, and cross-currency trade funding via eToro Money IBAN.

Trades: Trades represent the total number of orders that were placed by users and executed during the applicable period. Trades include self-directed and copy trades, and each trade reflects either the opening or closing of a position by a user.

Invested amount per trade: The total invested amount divided by the total number of trades. For reporting purposes, we present this measure separately for capital markets (equities, commodities, and currencies) and for cryptoassets, in order to highlight trends across the two categories, given their unique characteristics.

About eToro
eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media center here for our latest news.

Contact
Media Relations - [email protected]
Investor Relations - [email protected]

Investors interested in Insurance - Brokerage stocks are likely familiar with eToro Group Ltd. (ETOR - Free Report) and Aon (AON - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

eToro Group Ltd. and Aon are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. This means that ETOR's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. However, value investors will care about much more than just this.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

ETOR currently has a forward P/E ratio of 13.82, while AON has a forward P/E of 17.36. We also note that ETOR has a PEG ratio of 0.85. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. AON currently has a PEG ratio of 1.74.

Another notable valuation metric for ETOR is its P/B ratio of 2.3. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, AON has a P/B of 7.11.

These are just a few of the metrics contributing to ETOR's Value grade of B and AON's Value grade of C.

ETOR stands above AON thanks to its solid earnings outlook, and based on these valuation figures, we also feel that ETOR is the superior value option right now.

FuboTV has rebounded after a reverse stock split and positive financial projections, supported by the Disney/ESPN distribution deal. The sports streaming company is shifting focus from aggressive subscriber growth to margin expansion and sustainable cash flow, with EBITDA profitability targeted at $300M for FY27. The company targets a slightly positive net cash position in FY28.

NEW YORK--(BUSINESS WIRE)---- $FUBO--FuboTV Inc. (NYSE: FUBO) today unveiled a major upgrade to its iOS and Android apps, powered by its proprietary AI technology, to optimize the sports streaming experience for fans wherever they are. Recognizing that sports fans aren't always at home, and that they check their phones often for game updates, Fubo's enhanced mobile apps now deliver quick hits of moments that matter in addition to full video. Watch a demo of Fubo's upgraded mobile app here. Sports fans ca.

An updated edition of the Feb. 26, 2026 article.

The global streaming content industry has grown from a secondary media option into a primary force in how people consume entertainment and information. Subscription video, free ad-supported streaming TV (FAST) platforms, live streaming and digital audio now make up a multibillion-dollar market, fueled by wide broadband access and the rise of connected TVs. This transition has created strong opportunities for companies such as Alphabet Inc. (GOOGL - Free Report) , Roku, Inc. (ROKU - Free Report) and FuboTV Inc. (FUBO - Free Report) , all of which are benefiting from streaming’s deeper influence across the media landscape.

Today’s streaming services serve nearly every major category, including on-demand video, live sports, music and podcasts. Advanced recommendation systems and personalization tools are also improving engagement by making content discovery easier and more relevant for users. In major markets, streaming has now surpassed traditional linear television, with Nielsen reporting that it represented more than 45% of total U.S. TV viewing time in December 2025.

Advertising is increasingly central to the business model as ad-supported options gain momentum. Lower-cost subscription tiers and FAST channels are attracting viewers seeking affordable choices, while programmatic advertising and stronger measurement capabilities are helping streaming platforms win a larger share of TV ad spending.

As growth matures, companies are shifting focus toward profitability, churn reduction and content efficiency. Future success will likely depend on monetization, user engagement, disciplined spending, global expansion and localized, AI-enhanced experiences.

If you’re looking to tap into this fast-growing trend, our Streaming Content Thematic Screen offers a simple way to spot promising stocks in the sector. Designed with advanced analytics, the screen highlights companies driving industry transformation, helping investors stay ahead of emerging opportunities.

Ready to uncover more transformative thematic investment ideas? Explore 37 cutting-edge investment themes with Zacks Thematic Investing Screens and discover your next big opportunity.

FuboTV began in 2015 as a sports-first streaming service for cord-cutters who wanted live games. By April 2026, it has become a broader live TV platform, sharpened by its 2025 business combination with Hulu + Live TV. This evolution gives Fubo more scale, reach and operating leverage. In first-quarter fiscal 2026, the combined business ended with 6.2 million North America subscribers and positive pro forma adjusted EBITDA, showing the streaming model is getting sturdier as the platform matures.

The growth story is also getting more specific. Recent deals added Spectrum SportsNet LA for Dodgers coverage and BravesVision for Braves access, while Hulu + Live TV added Fubo Sports Network, which deepens sports inventory and helps Fubo stay differentiated.

Product execution looks stronger, too. In April, Fubo upgraded its iOS and Android apps with AI-powered features such as live video carousels, better Team Channels and instant key-play alerts. For sports fans, this makes the service more useful every day.

Fubo’s streaming business appears better positioned to grow smarter, not just bigger. Management now targets $80 million to $100 million in pro forma adjusted EBITDA for 2026, at least $300 million by 2028, and positive free cash flow in 2027. FUBO sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Roku’s streaming story started in 2008 with a Netflix player built to bring internet video to TV. Since then, it has grown into a broader platform business centered on discovery, ads, subscriptions, live sports and The Roku Channel itself.

This platform keeps getting larger. Roku finished 2025 with more than 90 million streaming households globally, 145.6 billion streaming hours and 18% platform revenue growth. Management sees continued double-digit platform revenue growth, supported by engagement, ad tools and a stronger home-screen experience.

The Roku Channel adds another layer of strength. It reached 6.3% of all TV streaming in December 2025 and gives Roku more control over ad inventory, promotion and attention. This matters as free streaming becomes a bigger part of viewing habits.

Internationally, Roku is widening its streaming footprint. It recently launched Howdy in Mexico and already operates The Roku Channel across the United States, Canada, Mexico and the U.K. The expansion suggests room to grow subscriptions and advertising beyond its core market.

Roku’s streaming outlook remains promising. New sports rights, subscription bundles, interactive discovery, and wider international monetization should deepen engagement and lift revenue per household. Roku looks well-positioned because it is building scale, content and monetization together, and management sees a path to 100 million streaming households this year. ROKU also sports a Zacks Rank #1.

Alphabet’s streaming story began with YouTube in 2005 and then widened from free user clips into a much broader platform. Today, it spans ad-supported video, YouTube TV, YouTube Music, YouTube Premium, podcasts, sports and a fast-growing connected TV presence.

This evolution matters because YouTube is no longer just a traffic machine. It is building a streaming bundle around subscriptions, creators and TV viewing. More watching is shifting to living rooms, where YouTube has become America’s leading streaming platform.

The subscription side is encouraging. YouTube Music and Premium reached 125 million subscribers, including trials, while management said YouTube subscriptions posted strong growth in 2025. New flexible YouTube TV plans should widen the funnel and improve choice without weakening reach.

There is a deeper advantage here: scale across formats. Podcasts now draw one billion monthly users on YouTube, and TV viewing keeps rising. This gives Alphabet more ways to sell ads, lift subscription value and keep creators inside one ecosystem.

The long-term case is simple. As streaming moves toward bundles, bigger screens and creator-first entertainment, Alphabet looks ready to win share. Its next phase should come from discovery, smarter ad tools, sports depth and more relationships beyond video. GOOGL has a Zacks Rank #2 (Buy).

Gray Media (GTN - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on May 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis broadcast television company is expected to post quarterly loss of $0.32 per share in its upcoming report, which represents a year-over-year change of -39.1%.

Revenues are expected to be $759 million, down 2.9% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 95.46% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Gray Media?For Gray Media, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Gray Media will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Gray Media would post a loss of$0.28 per share when it actually produced a loss of -$0.22, delivering a surprise of +21.43%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Gray Media doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Broadcast Radio and Television industry, fuboTV Inc. (FUBO - Free Report) , is soon expected to post loss of $0.06 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +75%. Revenues for the quarter are expected to be $1.6 billion, up 283.6% from the year-ago quarter.

The consensus EPS estimate for fuboTV has been revised 125% higher over the last 30 days to the current level. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0.00%.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that fuboTV will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

fuboTV Inc. (FUBO - Free Report) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to a loss of $0.24 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this company would post earnings of $0.36 per share when it actually produced a loss of $0.6, delivering a surprise of -266.67%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

fuboTV, which belongs to the Zacks Broadcast Radio and Television industry, posted revenues of $1.57 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.44%. This compares to year-ago revenues of $416.29 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

fuboTV shares have lost about 59% since the beginning of the year versus the S&P 500's gain of 6%.

What's Next for fuboTV?While fuboTV has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for fuboTV was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.16 on $1.54 billion in revenues for the coming quarter and $0.25 on $6.37 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Broadcast Radio and Television is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Fox (FOXA - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 11.

This TV broadcasting company is expected to post quarterly earnings of $1.02 per share in its upcoming report, which represents a year-over-year change of -7.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Fox's revenues are expected to be $3.79 billion, down 13.2% from the year-ago quarter.

FuboTV Inc. (FUBO) Q2 2026 Earnings Call Transcript

FuboTV (FUBO +5.61%) stock saw a big pullback in Wednesday's trading following the company's latest quarterly report. The streaming specialist's share price closed out the daily session down 15.9%.

Before the market opened today, FuboTV published results for the second quarter of its 2026 fiscal year -- a period that ended March 31. While the company's per-share loss in the period was far lower than anticipated, sales missed Wall Street's targeted level.

Image source: Getty Images.

FuboTV's revenue and subscriber numbers were disappointing FuboTV recorded a loss per share of $0.07 on sales of $1.57 billion in fiscal Q2. While the per-share loss was $0.26 lower than anticipated, sales also came in $10 million below the average analyst estimate. Revenue was up just 0.6% year over year, and the company's subscriber numbers were uninspiring. FuboTV closed out fiscal Q2 with 5.7 million subscribers in North America -- down from the 5.9 million subscribers reported in last year's quarter.

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What's next for FuboTV? With its fiscal Q2 report, FuboTV reiterated previously issued guidance. The company continues to guide for non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA) between $80 million and $100 million for the fiscal year. The company also said that it continues to expect to be free-cash-flow positive in the next two fiscal years and reiterated its target for adjusted EBITDA of at least $300 million in the 2028 fiscal year.

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Streaming media expert Dan Rayburn explains why he's focused on packaging, bundling and distribution of content services. Netflix's (NFLX) balance sheet transparency and management's willingness to walk away from costly deals reinforce its long-term strategic positioning and shareholder alignment.