361,000 New Friends, But Where’s the Money? XTB Shares Plunge as Q2 Results Miss Estimates

XTB shares (WSE:
XTB) tumbled over 6% this
morning (Friday) after the Polish fintech broker published preliminary results
that disappointed investors, despite setting new records for client acquisition
and revenue growth. Although
quarterly earnings appear satisfactory, they declined on a half-year basis by
11%. Nevertheless, analysts believe this may be only a short-term correction.XTB Reports Net Income
Below Analyst ConsensusXTB
reported net
profit of 216.1 million PLN for the second quarter…