eToro Group Ltd. (NASDAQ: ETOR), a global trading and investing platform, has published its financial results for the first quarter ending March 31, 2025. This is eToro’s first quarterly report following its IPO, presenting its financial results as a publicly listed company.

The company reported an 8% increase in net contribution year-over-year, reaching $217 million, up from $201 million in the same period last year. This growth was largely driven by elevated trading volumes across its platform.

eToro Boosts Spending Amid Growth

However, eToro’s GAAP net income declined slightly to $60 million, down from $64 million in the first quarter of 2024. The decrease was primarily due to higher marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term expenses and strategic investments focused on growth, reflecting the company’s commitment to expanding its market presence amid favorable trading conditions.

Adjusted EBITDA, a non-GAAP measure, also fell to $80 million from $87 million a year earlier. Correspondingly, the adjusted EBITDA margin narrowed to 37% from 43%, indicating increased spending to support expansion efforts.

“Our results show strong business performance for Q1 with an increase in net contribution driven by increased trading activity and our continued focus on sustainable, profitable growth. In the first quarter, inresponse to the market environment, we increased investment in marketing and growth,” said Meron Shani, eToro CFO.

You may find it interesting at FinanceMagnates.com: eToro Trades at a Record Price: What Is Behind the Recent 10% Rally?

Funded Accounts Rise 14%, Assets Grow

The number of funded accounts grew by 14% compared to the previous year, reaching 3.58 million. The growth was bolstered by user acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term initiatives and the integration of the Australian investing app Spaceship, acquired in 2024.

Assets under Administration rose 21% year-over-year to $14.8 billion, up from $12.2 billion in the first quarter of 2024. At the end of March 2025, the company held $736 million in cash, cash equivalents, and short-term investments, underpinning its financial stability.