Buying and selling and funding platform eToro (ETOR) reported one other quarter of regular progress, with property beneath administration climbing 54% year-over-year to $17.5 billion.
Funded accounts rose 14% in the identical interval, underscoring continued person growth.
Profitability additionally improved. Adjusted web revenue reached $54.2 million in Q2, up from $44.2 million a yr earlier, whereas adjusted EBITDA rose 31% to $72 million. The corporate credited increased revenues and tighter value controls for the enhance.
Crypto buying and selling remained a significant progress driver, with digital asset income totaling about $1.9 billion, roughly $300 million greater than in Q2 2024. Over the quarter, eToro launched 24/5 buying and selling for 100 U.S. equities, expanded its crypto lineup, and unveiled plans to tokenize onchain shares, ETFs, and futures.
Trying forward, the Tel Aviv-based agency signaled its dedication to innovation, highlighting tokenization and AI-powered instruments as core priorities. “We consider these applied sciences will reshape retail investor engagement and open new progress avenues,” eToro mentioned in its assertion.
