eToro Group has released its financial results for the second quarter (Q2) of 2025, marking its first full quarter as a publicly traded company following its May IPO. The company reported mixed performance, reflecting ongoing market volatility and evolving business dynamics.
On the revenue front, eToro’s reported “Total revenue and income” declined sharply by 44%, falling from $3.755 billion in Q1 to $2.094 billion in Q2. However, after adjusting for the company’s accounting treatment of cryptoassets, where revenue and costs from cryptoassets are separate. The company’s net revenue stood at $217 million for Q2, a modest 4% decrease from $227 million in the previous quarter. This figure is also down from $262 million recorded in Q4 2024, highlighting some ongoing pressures in the business.
eToro Q2 2025 Results in First Quarter as a Public Company
The bottom line showed a more pronounced dip, with net income halving to $30 million in Q2 from $60 million in Q1, marking eToro’s least profitable quarter since 2023.
User engagement remained steady with funded accounts growing slightly to 3.63 million at the end of Q2, up from 3.58 million in Q1. Assets under administration saw a robust 18% increase to $17.5 billion, driven by strong stock market and cryptocurrency valuations, compared to $14.8 billion at the end of the previous quarter.
eToro’s share price has experienced volatility since the IPO, closing recently at $55.30—near its lowest since going public. The stock initially surged to $79.96 in early June but has since retreated by over 30% from that peak.
CEO and Co-founder Yoni Assia emphasized the company’s strategic progress: “We delivered another strong quarter with expanded product innovation and geographic reach. We launched 24/5 trading for U.S. equities, new long-term portfolios with Franklin Templeton, savings products in France, and strengthened our presence in Asia with a new Singapore hub.”
Assia added, “We’re excited to develop technologies like tokenization and AI to transform retail investing and create new growth opportunities, confident in driving sustainable value for our users and shareholders.”
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