First Q1 result following the IPO shows net contribution amounted to $217 million, driven by higher trading volumes.
Adjusted EBITDA dropped to $80M and margin narrowed to 37%, reflecting expansion spending.
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
Meron Shani, eToro CFO, Source: LinkedIn
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 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.
The number of funded accounts grew by 14% compared to the
previous year, reaching 3.58 million. The growth was bolstered by user
acquisition 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.
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
Meron Shani, eToro CFO, Source: LinkedIn
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 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.
The number of funded accounts grew by 14% compared to the
previous year, reaching 3.58 million. The growth was bolstered by user
acquisition 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.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
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👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
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Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
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We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
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In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
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In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
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📸 Instagram: https://www.instagram.com/financemagnates
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▶️ YouTube: /@financemagnates_official
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Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
