eToro announces Q1 financial results: Net income drops to $60 million due to product expansion

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PANews
06-11
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PANews reported on June 11 that according to Finance Feeds, the Israeli fintech company eToro released its first-quarter 2025 financial report, with net revenue declining 6% year-on-year to $60 million, mainly due to increased marketing and product expansion expenses. The company's net contribution grew 8% year-on-year to $217 million, with managed assets rising 21% to $14.8 billion, and funded accounts increasing 14% to 3.58 million.

During the reporting period, eToro launched futures trading in Europe and options trading in the UK, added 40 new crypto assets to reach over 130, and introduced staking functions for DOT and ATOM. The company also expanded its wealth management services, launching commodity portfolios, capital protection features, and securities lending programs. After obtaining the EU MiCA license in May, its crypto custody business passed SOC 2 Type II certification. Data shows that funded accounts increased to 3.61 million as of May 31, with managed assets reaching $16.9 billion.

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