Denison Mines announces $250 million convertible notes offering
Investing.com -- eToro Group reported second-quarter adjusted earnings that exceeded analyst expectations, with shares rising 0.9% following the announcement.
The trading and investing platform posted adjusted earnings per share of $0.56 for the second quarter of 2025, beating the analyst consensus of $0.51 and improving from $0.51 in the same period last year. Net contribution grew 26% YoY to $210 million, surpassing analyst expectations of $194.7 million, driven primarily by increased trading activity.
eToro’s assets under administration jumped 54% YoY to $17.5 billion, while funded accounts increased 14% YoY to 3.63 million. The company reported adjusted EBITDA of $72 million, up 31% from the second quarter of 2024.
"I am proud of the eToro team for delivering another strong quarter, while meaningfully expanding our product innovation and geographical footprint," said Yoni Assia, CEO and Co-founder of eToro. "These advancements reflect our commitment to making investing simpler and more accessible for our global community."
The company expanded its product offerings during the quarter, launching 24/5 trading for U.S. equities, introducing new long-term portfolios in partnership with Franklin Templeton, and launching savings products in France. eToro also strengthened its presence in Asia through a new Singapore hub.
Net income on a GAAP basis was $30.2 million, slightly down from $30.6 million in the second quarter of 2024, and included $15 million of IPO and related costs. The company reported cash, cash equivalents, and short-term investments of $1.2 billion as of June 30, 2025.
This marks eToro’s first earnings report as a public company, following its recent IPO.