10:18 AM EDT, 08/13/2025 (MT Newswires) -- EToro Group's ( ETOR ) Q2 results, its first earnings report as a public company, were "mixed overall," Deutsche Bank said in a report Wednesday.

Deutsche Bank said eToro's adjusted earnings of $0.56 per diluted share topped the firm's $0.52 estimate.

A "noticeably strong beat" in net trading revenue in equities, commodities and currencies highlighted the quarter, exceeding Deutsche Bank's estimate by 28%, the firm said.

But the firm added that such revenue was partially offset by "moderately" lower net revenue in areas such as trading revenue in cryptoassets, net interest income, eToro money revenue.

Deutsche Bank cut its price target on the company to $53 from $65, with a hold rating.

Shares of eToro were down 3% in recent trading.

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