EToro profits rise as commodities boom offsets crypto trading slump
EToro posted its strongest quarter as a public company, with net income up 37% to $82 million, but crypto trade volumes fell 32% in April.
EToro reported first-quarter net income of $82 million, up 37% from a year earlier, as a surge in commodities trading offset weaker crypto activity.
Net income rose 37% year-over-year to $82 million, compared to $60 million in Q1 2025, the company announced Tuesday. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) climbed 35% to $109 million, from $80 million a year earlier, while net contribution grew 19% to $258 million.
The upbeat results were driven largely by commodities trading, which accounted for roughly 60% of trading commissions in the quarter, with volumes up nearly fourfold year-over-year. The company also expanded its equities offering, adding Japanese stocks to bring its exchange coverage to 26 and activated its BitLicense to launch crypto trading in New York.