eToro Reports Strong Q1 Profit Growth Despite Crypto Trading Slump

TheNewsCrypto2026-05-13 tarihinde yayınlandı2026-05-13 tarihinde güncellendi

Özet

eToro reported strong Q1 profit growth despite a downturn in cryptocurrency trading. Net income rose 37% year-over-year to $82 million, driven largely by a nearly 400% surge in commodities trading volume, which accounted for about 60% of trading commissions. Key metrics also showed growth: net contribution increased 19% to $258 million, adjusted EBITDA grew 35% to $109 million, and assets under management climbed 15% to $17 billion. While commodities thrived, crypto activity declined. The number of crypto trades fell 32% year-over-year in April, with the average investment per trade dropping 22%. To bolster its offerings, eToro launched an AI-powered "Agent Portfolios" feature and enhanced its AI agent, Tori, with Grok 4.2 market sentiment analysis. The company also expanded by activating its BitLicense for New York crypto trading, adding Japanese equities, and finalizing the acquisition of self-custody wallet provider Zengo. By late April, total assets under management had risen further to $18.7 billion.

With a 37% year-over-year increase in net income to $82 million, EToro was able to weather a dip in cryptocurrency activity thanks to a spike in commodities trading.

On Tuesday, the business said that its net income increased 37% year-over-year to $82 million, up from $60 million in the first quarter of 2025. Earnings before interest, taxes, depreciation, and amortization, or adjusted EBITDA, increased by 35% to $109 million from $80 million the previous year, while net contribution increased by 19% to $258 million.

Nearly 400% Surge in Commodities Trading

Commodities trading, which increased volumes by almost 400% year-over-year, was the primary driver of the positive performance, accounting for around 60% of trading commissions in the quarter. The business has activated its BitLicense to commence crypto trading in New York and extended its equities offering to include Japanese companies, bringing its exchange coverage to 26.

A total of 4.02 million funded accounts increased by 12%, while assets under management increased by 15%, reaching $17 billion. As of the 31st of March, the firm’s cash and short-term investments totaled $1.3 billion.

Crypto volumes fell even as commodities trade surged. In April, with the profits, statistics indicated that there were two million trades using cryptocurrencies, a 32% year-over-year decline, and a 22% decline in the amount invested per trade, to $207.

On the product side, eToro introduced an Agent Portfolios feature driven by AI and strengthened its cooperation with xAI. Tori, their AI investing agent, now incorporates market sentiment powered by Grok 4.2.

Additionally, on April 30, the business finalized its purchase of Zengo, a supplier of self-custodial crypto wallets. CEO Yoni Assia said that this move furthers eToro’s aim of connecting conventional finance with on-chain infrastructure. April saw total money transfers reach $1.4 billion, an increase of 53% year-over-year, while assets under management continued their ascent to $18.7 billion, an increase of 19% year-over-year.

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İlgili Sorular

QWhat was the year-over-year percentage increase in eToro's Q1 net income and what was the total amount?

AeToro's net income increased by 37% year-over-year to a total of $82 million in Q1.

QWhat specific type of trading activity offset the decline in cryptocurrency trading volume at eToro?

AA nearly 400% surge in commodities trading activity offset the decline in cryptocurrency trading volume, accounting for around 60% of trading commissions for the quarter.

QHow did the number of cryptocurrency trades and the average investment per trade change in April compared to the previous year?

AIn April, the number of cryptocurrency trades declined by 32% year-over-year to two million, and the average amount invested per trade fell by 22% to $207.

QWhat two recent developments did eToro mention regarding its product offerings and AI capabilities?

AeToro introduced an AI-driven Agent Portfolios feature and enhanced its AI investing agent, Tori, by integrating market sentiment analysis powered by Grok 4.2 through its partnership with xAI.

QWhat strategic acquisition did eToro finalize at the end of April and what was its stated purpose?

AeToro finalized the acquisition of Zengo, a self-custodial crypto wallet provider, to further its goal of connecting traditional finance with on-chain infrastructure.

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