eToro (NASDAQ:ETOR), a global trading platform that offers access to both traditional and digital assets, has reported Q2 2025 net income of $30.2 million. This compares to the same quarter last year of $30.6 million.
Q2 top-line revenue was $2.09 billion compared to 2024 $1.85 billion. Year-to-date numbers are revenue of $5.85 billion compared to 2024 of $5.23 billion.
eToro noted that its earnings were impacted by IPO expenses of $15 million. The company went public this past May, priced at $52/share. The price quickly surged by 28% but in the ensuing weeks, the price has retreated a bit.
Yoni Assia, CEO and co-founder of eToro, commented on the results, calling his company’s performance another strong quarter.
“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.”
Year-over-year funded accounts increased to 3.63 million compared to 3.17 million in the second quarter of 2024.
Assets under Administration grew by 54% year over year to $17.5 billion, compared to $11.3 billion in the second quarter of 2024.
In the US, eToro grew its crypto trading by adding over 100 digital assets to the platform. The company also revealed its tokenization strategy during the quarter.
eToro is a modern trading platform that aims to provide a one-stop shop for investors and savers. eToro continues to roll out new services as it allows for a growing portfolio of banking services alongside its investment platform.
Shares were up in pre-market trading at around $58.25. Its 52-week high stands at almost $80
The earnings call is taking place at 8:30 AM today.