Dubai, United Arab Emirates – eToro Group Ltd. (“eToro” or the “Company”), a leading trading and investment platform, today announced its financial results for the first quarter ended March 31, 2025.

Yoni Assia, Co-Founder and CEO of eToro, commented: “I am extremely proud of the eToro team for our strong Q1 2025 results and the success of our IPO. As a company that supports access to capital markets, we are excited to now be part of them. The retail investor of 2025 is an informed and connected individual, and we are pleased to see their investment behavior support them in taking advantage of market opportunities. We firmly believe that AI is accelerating the reshaping of the investment landscape, and we are proud to be at the forefront of this transformation. As a global community that empowers retail investors, we are well-positioned to deliver sustainable growth and long-term profitability, creating value for our shareholders.”

Highlights of the financial results for the first quarter of 2025

• Net contribution increased 8% year-over-year to $217 million, compared to $201 million in Q1 2024, primarily driven by increased trading activity.
• Net income (GAAP) was $60 million, compared to $64 million in the same period last year, driven by increased investments in marketing and growth, in response to favorable market conditions.
• Adjusted EBITDA (non-GAAP) was $80 million, compared to $87 million in the first quarter of the prior year, driven by the investments noted above. Adjusted EBITDA margin was 37%, compared to 43% in the same period last year.
• The number of funded accounts increased by 14% year-on-year to 3.58 million, compared to 3.13 million in Q1 2024. This was achieved thanks to ongoing user acquisition and retention efforts, along with the acquisition of Australian investment app Spaceship in 2024.
• Assets under management reached $14.8 billion, a 21% year-on-year increase compared to $12.2 billion.
• Total cash, cash equivalents, and short-term investments were $736 million as of March 31, 2025.

“Our results reflect a strong performance in the first quarter, with increased trading activity contributing to the increased net contribution, coupled with our continued focus on achieving sustainable and profitable growth,” said Meron Shani, eToro’s CFO. “In response to market conditions, we increased our investments in marketing and growth this quarter.”

Key operational developments

eToro continued its focus on achieving sustainable and profitable growth during the first quarter, launching products and services that support users at various stages of their investment journey.

• Trading: eToro has enhanced the variety of assets and tools available to users for trading in global markets. In the first quarter, the company launched futures CFDs in Europe and options trading in the United Kingdom. With the addition of 40 new digital tokens, the platform now offers trading in over 130 digital assets (cryptocurrencies). Trading hours for some stocks and exchange-traded funds have also been extended, making them available five days a week.
• Investing: eToro added stocks from the Abu Dhabi and Hong Kong stock exchanges, allowing users to invest in companies listed on more than 20 major global exchanges. The company also expanded its "Smart Investing" portfolio by launching a commodity portfolio in partnership with WisdomTree, and a portfolio offering 100% capital protection. As part of its commitment to providing return-generating assets, the company launched securities lending for its users in Europe and expanded its crypto collateral service to include DOT and ATOM tokens.
• Wealth Management: As part of its long-term investment strategy, eToro launched its Self-Investing ISA service in the UK in the first quarter, introducing a "Recurring Investing" service that allows users to make regularly scheduled investments in stocks, funds, and cryptocurrencies. The company also began integrating the Spaceship app into its system and expanded its offering in the Australian market to include superannuation solutions.
• Modern Banking: This quarter, eToro began rolling out a cryptocurrency-to-fiat conversion service, enabling users to transfer their digital assets to the platform and diversify their portfolios across other asset classes. As part of its expansion of eToro Money, the company partnered with local financial institutions to launch virtual bank accounts in several countries and continued to expand its ability to trade local stocks using local currencies.
• Financial Literacy and Artificial Intelligence: eToro is committed to empowering its users to develop their financial literacy through accessible and engaging content. The company has begun leveraging AI technologies to accelerate the production and translation of educational content, and now offers more than 3,000 educational materials, including articles, videos, podcasts, and webinars, available in 11 languages.
• Regulatory Developments: During the first quarter, eToro received its Markets in Crypto-Assets Regulation (MiCA) authorization from the Cyprus Securities and Exchange Commission, allowing it to offer cryptocurrency services across the European Union. This approval is a significant achievement, as the company welcomes the regulatory clarity and uniform rules provided by this authorization framework and believes it will contribute to strengthening the adoption of cryptocurrencies in Europe. The company also obtained SOC 2 Type II compliance certification, demonstrating its strong commitment to operational excellence in cryptocurrency custody operations.

Q2 2025 Updates

• Performance results as of May 31, 2025 demonstrate continued interest in trading and investing by retail investors in response to market events.
• As of the end of May 2025, eToro had approximately 3.61 million funded accounts, and assets under management amounted to $16.9 billion.

About eToro:

eToro is a trading and investment platform that empowers its clients to invest, share, and learn. Founded in 2007, the platform was founded with the vision of a world where everyone could trade and invest in a simple and transparent way. Today, we have over 38 million registered users from over 75 countries. We believe that shared knowledge provides tremendous power, helping us achieve greater success through shared investing. That's why we've created a collaborative investing community designed to provide users with the tools they need to grow their knowledge and wealth. On eToro, clients can hold a range of traditional and innovative assets and choose how to invest, including trading directly, investing in a portfolio, or copying/mirroring the performance of other investors.

Regulation and license numbers

United Arab Emirates

eToro (ME) Limited is authorized and regulated by the Financial Services Regulatory Authority (“ FSRA ”) of the Abu Dhabi Global Market (“ ADGM ”), Financial Services Authorization Number 220073 under the Financial Services and Markets Regulations 2015 (“ FSMR ”).

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