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eToro Reports Second Quarter 2025 Results
Globenewswireยท 2025-08-12 11:00
Core Insights - eToro Group Ltd. reported strong financial results for Q2 2025, with net contribution increasing by 26% year-over-year to $210 million, driven by heightened trading activity [1][6] - The company achieved a 54% year-over-year growth in assets under administration, reaching $17.5 billion, and a 14% increase in funded accounts to 3.63 million [1][6] Financial Highlights - Adjusted EBITDA grew by 31% year-over-year to $72 million, reflecting a focus on profitable revenue growth [3][6] - Net income (GAAP) was $30.2 million, slightly down from $30.6 million in Q2 2024, impacted by $15 million in IPO-related costs [6] - Adjusted net income (Non-GAAP) rose to $54.2 million from $44.2 million in the same quarter last year [6] Product and Service Innovations - eToro launched 24/5 trading for U.S. equities and expanded its U.S. crypto offering to over 100 assets [2][5] - The company introduced new long-term portfolios in collaboration with Franklin Templeton and launched savings products in France [2][5] - eToro is advancing its tokenization strategy, planning to launch tokenized U.S. listed stocks [5][11] Global Expansion and Strategic Initiatives - eToro established a new hub in Singapore, enhancing its presence in the Asia-Pacific region [2][11] - The company activated its Capital Markets Services license from the Monetary Authority of Singapore, reinforcing its commitment to the local fintech ecosystem [11] User Engagement and Growth Metrics - Funded accounts increased by 14% year-over-year, attributed to user acquisition and retention efforts, including the acquisition of the Australian investing app Spaceship [6][11] - The company reported cash, cash equivalents, and short-term investments totaling $1.2 billion as of June 30, 2025 [6]