Record Profitability and Margin Expansion
Net contribution rose 19% YoY to $258M and adjusted EBITDA increased 35% YoY to $109M, with adjusted EBITDA margin improving to 42% from 37% a year ago.
Strong User Growth and Engagement
Funded accounts grew 12% YoY to 4.02M in Q1 (fastest organic growth in over a year) and continued momentum into April with funded accounts of 4.07M (+13% YoY).
Assets Under Administration Expansion
AUA reached $17B in Q1, up 15% YoY, and accelerated into April to $18.7B (reported +90% YoY for April).
Capital Markets & Commodities Surge
Capital markets net contribution grew 71% YoY to a record $166M. Commodities represented 60% of trading commissions in Q1, with commodities volumes increasing nearly fourfold year‑over‑year and overall number of trades rising ~90% during the quarter.
eToro Money and Payments Momentum
eToro Money contribution increased 32% YoY to a record $29M; total money transfers grew 70% YoY. The number of eToro Money cards issued more than doubled quarter‑over‑quarter.
Product & Platform Innovation (AI-first)
Company‑wide AI mandate accelerated product delivery: launched Agent Portfolios (AI-managed sub‑portfolios), eToro App Store and builders portal, 24/7 trading across select assets, added Japanese equities (26 exchanges), and expanded AI integrations (e.g., Grok 4.2).
Strategic M&A and Crypto Infrastructure
Acquisition of Zengo (self‑custodial wallet) to deepen crypto/DeFi capabilities and broaden crypto asset access (eToro now offers 200+ crypto assets and gains access to thousands more via Zengo).
Shareholder Returns and Strong Liquidity
Ended the quarter with $1.3B in cash, cash equivalents and short‑term investments; generated $104M cash from operations; repurchased ~3.3M shares for $103M under the buyback program.
Earnings Per Share Improvement
Adjusted diluted EPS rose to $0.91 from $0.77 YoY, reflecting improved profitability.