eToro, a leading online trading platform known for its crypto and multi-asset offerings, released its financial results for Q1 2025 reporting a net income of $60 million. This reflects solid profitability driven by robust trading activity and a growing user base.
Key financial highlights include: net contribution (revenue after direct costs) rose 8% year-over-year to $217 million, adjusted EBITDA stood at $80 million, and funded accounts increased by 14% to 3.58 million. Assets under administration climbed 21% to $14.8 billion.
In Q1, eToro expanded its product portfolio by adding 40 new crypto assets, extending stock and ETF trading hours, and launching futures and options products in Europe and the UK. It also incorporated stocks from Abu Dhabi and Hong Kong exchanges and enhanced its Smart Portfolio and recurring investment options across stocks, ETFs, and cryptocurrencies.
The company’s wealth management division integrated Australian fintech Spaceship and introduced new features in the UK ISA product. Additionally, eToro grew its neo-banking services by enabling crypto-to-fiat transfers and launching virtual local bank accounts in several regions.
CEO Yoni Assia emphasized that the quarter demonstrated eToro’s long-term strength, with retail investors becoming increasingly informed and connected. The results come just prior to eToro's May 2025 initial public offering, which raised $620 million and valued the company at over $5.6 billion.
This sustained growth, expanding asset selection—including over 130 crypto assets—and strong capital position position eToro well for continued market participation and future opportunities within the volatile cryptocurrency and broader financial markets.