Etoro (ticker ETOR), the Tel Aviv-based trading and investment company, reported its second-quarter earnings on Tuesday, showing a modest amount of growth. Notably, assets under administration grew 54% year-over-year to $17.5 billion while the number of funded accounts grew 14% over the same period.
The company’s adjusted, non-GAAP net income also grew to $54.2 million in the second quarter compared to $44.2 million in the second quarter of 2024. Meanwhile, adjusted EBITDA increased by 31% year over year to $72 million, “largely due to increased revenue and disciplined cost management.”
Of Note, eToro’s crypto revenue came in at around $1.9 billion, up about $300 million year over year.
“eToro continued to focus on sustainable, profitable growth in the second quarter, launching products and services to support users at every stage of their investing journey,” the firm wrote in its statement.
In the quarter, the firm introduced several new products and services, including “24/5 trading” for 100 U.S. equities and expanded crypto options. It also announced a tokenization strategy for onchain stocks, ETFs, and futures.
“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,” the firm stated.
Launched in 2007, eToro was one of the first traditional trading platforms to enter the crypto market. In 2019, for instance, the company launched tokenized gold and silver products.
Etoro went public in the U.S. in May at a $4.2 billion valuation. The IPO on the Nasdaq raised approximately $620 million, with ETOR share prices surging on debut, pushing the valuation to around $6 billion by the end of the first trading day.
The stock traded down 8% on Tuesday, dropping its market cap closer to $4 billion according to Yahoo Finance data.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
