eToro Q3 Earnings: Crypto Trading Surges, Costs Match Revenue
Social buying and selling platform eToro reported sturdy Q3 2025 outcomes, with crypto buying and selling volumes hovering amid US growth.
However, high hedging prices in crypto derivatives practically erased departmental income. Overall web earnings rose 48% YoY to $57 million, backed by diversified income and $150 million share buyback announcement.
Crypto Trading Volumes Triple YoY
eToro’s crypto-related income reached $3.97 billion in Q3, up from $1.4B a 12 months earlier, pushed by a pointy improve in retail exercise. October noticed 5 million crypto trades, an 84% YoY bounce, with common commerce dimension rising 52% to $320. In the US, newly funded accounts already surpassed full-year 2024 ranges after increasing supported crypto property from 3 to 110.
Staking for Cardano, Ethereum, and Solana was launched, alongside yield-bearing tokens. Despite the surge, crypto derivatives recorded web losses of over $18 million, pushed by hedging bills totaling $3.89 billion—practically matching income.
Overall Financials Show Strong Growth
Company-wide metrics remained stable. Net contribution grew 28% YoY to $215M, whereas adjusted EBITDA climbed 43% to $78M. Assets below administration (AUA) hit $20.8 billion, up 76% YoY, with funded accounts reaching 3.73 million (+16%). GAAP web earnings was $57 million.
eToro launched AI-powered technique instruments, 24/5 buying and selling for main US indices, and a premium subscription tier (eToro Club). A $150 million share repurchase program—$50 million through accelerated buyback—was additionally unveiled. Shares rose 8% in early buying and selling following the November 10 launch.
Market Reaction and Outlook
Analysts considered outcomes positively, noting that crypto volumes exceeded forecasts and sustaining a Buy ranking. Community suggestions on X highlighted retail crypto demand restoration and upcoming pockets options supporting on-chain lending and prediction markets.
Tokenized shares on Ethereum stay below regulatory scrutiny. CEO Yoni Assia emphasized, “We stay targeted on executing our technique across trading, investing, wealth administration, and neo-banking whereas driving innovation in crypto and AI.
With disciplined price administration and diversified income streams delivering sustainable revenue development, eToro is well-positioned for continued US market penetration and accelerated growth throughout Asia in 2026, capitalizing on macro tailwinds to drive long-term shareholder worth.
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