logo
eToro Reports Second Quarter 2025 Results

eToro Reports Second Quarter 2025 Results

Al Bawaba2 days ago
eToro Group Ltd. ('eToro', or the 'Company') (NASDAQ: ETOR), the trading and investing platform, today announced financial results for the second quarter ended June 30, 2025.'I am proud of the eToro team for delivering another strong quarter, while meaningfully expanding our product innovation and geographical footprint. In the second quarter, we offered 24/5 trading for U.S. equities, introduced new long-term portfolios in partnership with Franklin Templeton, and launched savings products in France, all while strengthening our footprint in Asia through our new Singapore hub. These advancements reflect our commitment to making investing simpler and more accessible for our global community.Looking ahead, we are excited to continue developing technologies like tokenization and AI tools that we believe will transform how retail investors interact with the markets and create new opportunities for growth. As we continue to execute on our strategy, we remain confident in our ability to drive sustainable value for our users and shareholders,' commented Yoni Assia, CEO and Co-founder of eToro.'We are very pleased with our 2025 second quarter results, the first as a public company. Net contribution grew 26% year over year and adjusted EBITDA grew 31% year over year reflecting our focus on profitable revenue growth,' said Meron Shani, eToro CFO.Second Quarter 2025 Financial and Product Highlights• Net contribution increased by 26% year over year to $210 million, compared to $167 million in the second quarter of 2024, driven primarily by increased trading activity.• Net income (GAAP) was $30.2 million, compared to $30.6 million in the second quarter of 2024, and included $15 million of IPO and other related costs.• Adjusted Net Income (Non-GAAP) was $54.2 million, compared to $44.2 million in the second quarter of 2024.• Adjusted EBITDA (non-GAAP) increased by 31% year over year to $72 million, compared to $55 million in the second quarter of 2024, largely due to increased revenue and disciplined cost management.• Adjusted Diluted EPS (non-GAAP) was $0.56, compared to $0.51 in the second quarter of 2024.• Funded accounts increased 14% year over year to 3.63 million compared to 3.17 million in the second quarter of 2024. This was driven primarily by ongoing user acquisition and retention efforts, as well as the acquisition of Australian investing app Spaceship in 2024.• Assets under Administration grew by 54% year over year to $17.5 billion, compared to $11.3 billion in the second quarter of 2024.• Cash, cash equivalents and short term investments were $1.2 billion as of June 30, 2025.
• Launched key products in AI, tokenization, savings and eToro money across our four pillars of Trading, Investing, Wealth Management and Neo-banking.
Business Highlights
eToro continued to focus on sustainable, profitable growth in the second quarter, launching products and services to support users at every stage of their investing journey.
© 2000 - 2025 Al Bawaba (www.albawaba.com)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NVIDIA DLSS 4 adds support for Grand Theft Auto V Enhanced, Titan Quest II, Senua's Saga: Hellblade II and Supraworld
NVIDIA DLSS 4 adds support for Grand Theft Auto V Enhanced, Titan Quest II, Senua's Saga: Hellblade II and Supraworld

Al Bawaba

time10 hours ago

  • Al Bawaba

NVIDIA DLSS 4 adds support for Grand Theft Auto V Enhanced, Titan Quest II, Senua's Saga: Hellblade II and Supraworld

This week, NVIDIA DLSS 4 with Multi Frame Generation multiplies performance in Grand Theft Auto V Enhanced, Senua's Saga: Hellblade II Enhanced, Titan Quest II, and Supraworld. Also, a new GeForce Game Ready Driver has been released to optimize gameplay experience in Senua's Saga: Hellblade II Enhanced and Grand Theft Auto V elevated with ray-traced ambient occlusion, ray-traced global illumination lighting, ray-traced shadows and ray-traced reflections, a new Grand Theft Auto V Enhanced update adds support for NVIDIA DLSS 4 with Multi Frame Generation and NVIDIA DLSS Frame Generation in addition to acceleration offered by DLSS Super Resolution and NVIDIA 4K resolution with ray tracing and all other settings maxed out, NVIDIA DLSS 4 with Multi Frame Generation increases GeForce RTX 50 Series frame rates by an average of 3.9X, giving players high-fidelity action and fast, fluid gameplay. Ninja Theory is expanding Senua's Saga: Hellblade II with a new Enhanced update, releasing today. It introduces a new 'Very High' graphical preset to heighten immersion and image quality, along with a new Dark Rot game mode, developer commentary and an enhanced photo mode. Additionally, GeForce RTX 50 Series gamers can activate DLSS 4 with Multi Frame Generation to further accelerate frame rates at the highest resolutions and detail levels. While DLSS Frame Generation and DLSS Super Resolution multiplied frame rates by an average of 3x at 4K resolution and max settings upon release, this update pushes the gains even higher. With NVIDIA Reflex enabled, PC latency was reduced by up to 57%, making Senua's Saga: Hellblade II even more responsive when played on a GeForce RTX PC or laptop. Supraworld is a first-person Puzzle-Metroidvania that builds upon Supra Games' much-loved Supraland, Supraland Crash, and Supraland Six Inches Under. Supraworld lets players embody an apprentice of the solver's guild in a handcrafted toy world. Explore, solve puzzles, ignore the main quest, and much more across this vast, interconnected world. The game will support NVIDIA DLSS 4 from day one with Multi Frame Generation, DLSS Frame Generation, and DLSS Super Resolution when the game enters Early Access on August 15. If players would like to enhance image quality to the maximum, there's also support for NVIDIA Games and THQ Nordic recently released Titan Quest II into Early Access, and within a few days, over 300,000 copies were sold. In Titan Quest II, Nemesis, the goddess of retribution, is out of control. She is corrupting the Threads of Fate and condemning all those who oppose her to Eternal Punishment. Players take up their weapon of choice and face some of the most powerful forces in Greek mythology to stop Nemesis and free those that she has punished. At launch, Titan Quest II featured a full suite of DLSS 4 technologies, giving NVIDIA GeForce RTX gamers the definitive experience. DLSS 4 with Multi Frame Generation multiplies frame rates on GeForce RTX 50 Series GPUs, DLSS Frame Generation accelerates performance on GeForce RTX 40 Series GPUs, and DLSS Super Resolution boosts performance on all other GeForce RTX GPUs. Additionally, NVIDIA DLSS Super Resolution's new and improved transformer AI model can be selected to refine image quality. Gamers can opt to enable DLAA instead of DLSS Super Resolution, in conjunction with DLSS Multi Frame Generation and DLSS Frame Generation, for the highest levels of image quality. Enabling NVIDIA Reflex also allows GeForce RTX gamers to reduce PC latency.

Smart Cleaning for Smart Families: How LG Vacuums Help Gulf Parents Prepare for Back-to-School Season While Saving on Energy Bills
Smart Cleaning for Smart Families: How LG Vacuums Help Gulf Parents Prepare for Back-to-School Season While Saving on Energy Bills

Al Bawaba

timea day ago

  • Al Bawaba

Smart Cleaning for Smart Families: How LG Vacuums Help Gulf Parents Prepare for Back-to-School Season While Saving on Energy Bills

As the back-to-school season approaches, Gulf families are preparing for the busy days ahead. Between managing school supplies, schedules, and activities, keeping the home clean can often feel like an added challenge. LG Electronics is here to make life easier with its range of CordZero cordless vacuum cleaners, designed to deliver powerful cleaning performance without the hassle of cords. Whether it's tidying up after a busy morning or tackling a deep clean before the school week begins, LG's vacuum cleaners are the perfect solution for smart LG A9T-Lite, A9K-Core2, and A9LSlim models combine advanced cleaning technology with user-friendly features, offering families a variety of options tailored to their unique needs. From compact designs for smaller spaces to powerful, versatile models for larger households, LG's cordless vacuums are built to make cleaning faster, easier, and more LG A9T-Lite is a versatile option that features a lightweight, ergonomic design, complete with an adjustable telescopic pipe for added comfort. Its 5-step filtration system captures fine dust particles, promoting cleaner air, while its dual battery system ensures extended cleaning sessions. The All-in-One Tower provides convenient storage and automatically empties dust and debris, making maintenance families seeking a high-performance solution, the LG A9K-Core2 delivers exceptional suction power with its Smart Inverter Motor™. It features LG's KOMPRESSOR™ technology, which compresses dust and hair in the bin, reducing the frequency of emptying. With dual batteries, washable filters, and multiple attachments for various surfaces, this model is ideal for tackling everything from carpets to hard-to-reach LG A9LSlim offers a sleek, space-saving design without compromising on performance. Weighing just 1.97kg, it's perfect for smaller homes or families prioritizing portability. Despite its compact size, it features the same 5-step filtration system and Smart Inverter Motor™ as the other models, ensuring powerful cleaning in a lightweight cordless vacuums are designed to meet the demands of modern families. Their cordless design eliminates the hassle of tangled cords, while their lightweight builds make them easy to maneuver. Long-lasting rechargeable batteries allow for uninterrupted cleaning, helping parents save time and energy during their busy a focus on convenience, all models (except the A9LSlim) are compatible with the LG ThinQ app, allowing users to monitor filter status, battery life, and even run diagnostics from their smartphones. Whether it's pet fur, dust, or everyday messes, LG's vacuums come with multiple accessories to ensure every corner of the home is spotless. As Gulf parents prepare for the back-to-school season, LG's CordZero vacuum cleaners are the ultimate cleaning companions. With their advanced features, ergonomic designs, and powerful performance, these vacuums help families maintain a clean and organized home while saving time and effort.

UAE's Coraly.ai raises $2 million pre-seed to accelerate Saudi expansion
UAE's Coraly.ai raises $2 million pre-seed to accelerate Saudi expansion

Wamda

timea day ago

  • Wamda

UAE's Coraly.ai raises $2 million pre-seed to accelerate Saudi expansion

UAE-based proptech (formerly Coralytics) has raised $2 million in a pre-seed round led by Salica Oryx Fund, with participation from EQ2 Ventures and other angel investors. Founded in 2022 by Fouad Bekkar, offers an AI-powered growth platform for real estate professionals, providing lead enrichment, automated campaigns, and performance insights to help agents acquire more customers. the funding will accelerate product development, expand AI capabilities, and support commercial rollout in Saudi Arabia, pilot programmes in France and the United States, and strengthen presence in the UAE. Press release: (formerly Coralytics), the proptech company transforming how real estate professionals generate and convert leads across the MENA region and beyond, today announced the closing of a $2 million pre-seed funding round. The round was led by Salica Oryx Fund, a MENA-focused early-stage investment vehicle based in Abu Dhabi Global Market (ADGM) and managed by Salica Investments, with participation from EQ2 Ventures as well as a group of strategic angel investors. 'Real estate agents globally are underserved by fragmented, outdated sales tools. Through our mission is to simplify growth with AI that just works,' said Fouad Bekkar, Founder and CEO of 'This funding gives us the firepower to further accelerate product innovation and expand into key growth markets. Our vision is to make high-impact technology radically accessible for agents everywhere, starting with the GCC and expanding globally.' The investment will be used to accelerate product development, including expanding the engineering team and deepening its AI capabilities. will also consolidate its market leadership in the UAE, establish operations in Saudi Arabia, and initiate pilot programmes in France and the United States to explore early market opportunities. Further, the funding will support the buildout of commercial infrastructure and go-to-market capacities to drive long-term growth. 'Salica Oryx Fund is delighted to be an early supporter and investor in It represents a significant advancement in real estate marketing technology, offering an AI-powered platform that fundamentally transforms how properties are marketed and presented online,' said Ivo Detelinov, General Partner of Salica Oryx Fund. Patrick Thiriet, CEO of EQ2 Ventures, added, 'AI is about to leapfrog productivity across many industries where professionals still use ill-adapted legacy software products to run their business. The property market is one of those verticals, with real estate agents spending too much time on non-productive tasks. Fouad and the team combine their deep knowledge of evolving AI capabilities with a strong understanding of those challenges, and we at EQ2 are looking forward to helping them crack what is a global opportunity.' expansion strategy is anchored by strong regional momentum and new market entry points. The recent rebrand from Coralytics to reflects this broader global vision and reinforces the company's position as a modern, AI-first platform designed to simplify growth for real estate professionals worldwide. In the GCC, the company has already reinforced its leadership in the UAE and will launch Saudi Arabian operations later this year. In Europe, recently signed a go-to-market partnership with SNPI, France's largest professional real estate union, representing over 14,800 agencies. In North America, has secured its first MLS partner in the United States, with initial pilots scheduled to commence in the coming months.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store