Stronger Trading Volumes Drive EToro; Assets Under Administration Reach $17.5B

eToro Group Ltd. (NASDAQ: ETOR) posted second quarter 2025 earnings results underpinned by higher trading activity. Assets under administration climbed 54% to $17.5 billion, while funded accounts grew 14% to 3.63 million, helped by ongoing acquisition and retention efforts as well as the 2024 purchase of Australian investing app Spaceship. Cash, cash equivalents and short-term investments totalled $1.2 billion at the end of the quarter.

The quarter saw launches across all four business lines. Trading enhancements included 24/5 trading for 100 U.S. equities, expanded U.S. crypto coverage to over 100 assets, and the announcement of tokenised U.S.-listed stocks. In investing, eToro introduced AI-powered Alpha Portfolios, launched a Franklin Templeton partnership for target date strategies, and debuted “Tori”, an AI-driven analyst.

“I am proud of the eToro team for delivering another strong quarter, while meaningfully expanding our product innovation and geographical footprint. In the second quarter, we offered 24/5 trading for U.S. equities, introduced new long-term portfolios in partnership with Franklin Templeton, and launched savings products in France, all while strengthening our footprint in Asia through our new Singapore hub. These advancements reflect our commitment to making investing simpler and more accessible for our global community. Looking ahead, we are excited to continue developing technologies like tokenization and AI tools that we believe will transform how retail investors interact with the markets and create new opportunities for growth. As we continue to execute on our strategy, we remain confident in our ability to drive sustainable value for our users and shareholders,” said Yoni Assia, Chief Executive Officer and Co-founder.

Adjusted EBITDA rose 31% to $72 million from $55 million a year earlier, supported by higher revenues and tighter cost controls. Net income under GAAP was $30.2 million, down slightly from $30.6 million, including $15 million in IPO and related costs. Adjusted net income increased to $54.2 million from $44.2 million, with adjusted diluted EPS up to $0.56 from $0.51.

“We are very pleased with our 2025 second quarter results, the first as a public company. Net contribution grew 26% year over year and adjusted EBITDA grew 31% year over year reflecting our focus on profitable revenue growth,” added Chief Financial Officer Meron Shani.

Wealth management additions included French savings products such as retirement (PER) and life insurance, along with expanded recurring investment options to the U.A.E. In neo-banking, the eToro Money card rolled out across Europe, offering 4% stock-back rewards, premium travel benefits and 0% FX fees.