eToro Group shares rise 3.80% premarket after reporting strong Q2 earnings with 26% net contribution growth.

Etoro Group Ltd. rose 3.80% in premarket trading, driven by strong Q2 financial results. The company reported a 26% year-over-year increase in net contribution to $210 million, a 54% year-over-year increase in assets under administration to $17.5 billion, and a 14% year-over-year increase in funded accounts to 3.63 million. Additionally, eToro expanded its product innovation and geographical footprint, introducing 24/5 trading for U.S. equities and new long-term portfolios in partnership with Franklin Templeton.