eToro Group Ltd. (NASDAQ: ETOR), a global trading and investing platform, reported financial results for the third quarter ended September 30, 2025, and announced a $150 million share repurchase program approved by its Board of Directors.
Financial performance
For the third quarter of 2025, Net Contribution increased 28% year over year to $215 million, up from $167 million a year earlier. Net Income (GAAP) rose 48% to $57 million, compared with $39 million in the third quarter of 2024. Adjusted EBITDA (non-GAAP) reached $78 million, a 43% increase from the prior year, according to eToro's press release.
eToro reported Assets Under Administration (AUA) of $20.8 billion, a 76% year-over-year increase, while funded accounts grew 16% to 3.73 million, supported by user acquisition and the integration of the Australian investment app Spaceship, acquired in 2024.
Chief Financial Officer Meron Shani said,
“We delivered another strong quarter of profitable growth, with Net Contribution and Adjusted EBITDA increasing year over year by 28% and 43% respectively. Our results reflect the strength of our diversified revenue streams across segments and geographies, robust user engagement, and disciplined cost management, a trend that has continued into October.”
The company also shared selected October 2025 metrics: AUA reached $20.5 billion (up 73% year over year) and funded accounts totaled 3.76 million (up 17% year over year).
Share repurchase program
The newly authorized $150 million share repurchase program will be executed through different methods, such as open market transactions, privately negotiated deals, and an Accelerated Share Repurchase (ASR) agreement of about $50 million. eToro stated that the timing and size of repurchases would depend on market and economic conditions, share price, liquidity needs, and applicable regulations.
The company’s statement noted that the authorization aligns with its long-term strategic objectives, capital structure management, and approach to shareholder returns.
Strategic updates and product developments
Co-founder and CEO Yoni Assia said,
“We remain focused on executing our strategy across our four key pillars of trading, investing, wealth management, and neo-banking, developing new products and services that deliver value to users across every step of their investing journey.”
In trading, eToro introduced continuous weekday trading (24/5) access for S&P 500 and Nasdaq 100 stocks and expanded its offering of Nordic-listed shares via Nasdaq exchanges in Stockholm, Helsinki, and Copenhagen.
In investing, eToro marked its 15th anniversary of social investing with AI-powered tools and the Pro Investor Program, which now includes participants from 70 countries. The company released AI analyst Tori, used by one-third of Club Members for investment insights, and said it is preparing to launch the eToro App Store, where users can publish and share investment tools.
Under the wealth management pillar, eToro launched the eToro Club Subscription, providing access to tools and premium rewards. The company also introduced new localized savings and superannuation offerings in the U.K. and Australia, expanding its reach in long-term investment products.
In its neo-banking division, eToro closed the quarter with 1.75 million eToro Money accounts and reported a 2.4x quarter-on-quarter increase in issued debit cards. New cashback programs in Europe and the U.K. offer up to 4% stock back on card purchases and 1% stock back on crypto deposits.
Crypto and digital assets activity
eToro’s crypto segment showed substantial activity growth. The platform reported $3.97 billion in cryptoassets revenue for the quarter, compared to $1.4 billion a year ago, with cost of revenue at $3.89 billion. The company recorded a net loss of over $18 million from crypto asset derivatives trading.
October metrics show total crypto trades up 84% year over year to 5 million, with an average trade value up 52% to $320. The company’s interest-earning assets totaled $8.7 billion, an increase of 55% from the prior year.
According to eToro, new funded accounts in the U.S. have exceeded total 2024 figures. The company expanded its crypto offering from 3 to 110 assets and launched staking for Cardano (ADA), Ethereum (ETH), and Solana (SOL). eToro also continues to develop its crypto wallet, expected to include lending and tokenization capabilities.
Public listing and market performance
eToro went public in May at a $4.2 billion valuation, raising approximately $620 million through its Nasdaq debut. The company reported net income of $56.8 million for the third quarter and an AUA of $20.5 billion, a year-over-year increase of 73%.
As of after-hours trading, eToro’s stock price was $37.81, according to Yahoo Finance.
Future outlook
eToro plans to continue expanding across its four strategic areas while advancing AI, blockchain, and social investing initiatives. The company stated that it intends to maintain disciplined cost management and further scale its global operations to serve its growing customer base.
Gunel Ismayilova
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