eToro Group Ltd. has reported its financial results for the second quarter ending June 30, 2025. The company's net contribution increased by 26% year over year, reaching $210 million compared to $167 million in the same period in 2024. The reported net income under GAAP 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 adjusted net income, a non-GAAP measure, rose to $54.2 million from $44.2 million in the previous year. Adjusted EBITDA grew by 31% year over year to $72 million, reflecting increased revenue and disciplined cost management. The adjusted diluted EPS was reported at $0.56, an improvement from $0.51 in the second quarter of 2024. The company saw a 14% increase in funded accounts, totaling 3.63 million, driven by user acquisition and retention efforts and the acquisition of the Australian investing app Spaceship in 2024. Assets under Administration grew significantly by 54% to $17.5 billion from $11.3 billion a year earlier. eToro's cash, cash equivalents, and short-term investments stood at $1.2 billion as of June 30, 2025. During the quarter, eToro launched several key products in AI, tokenization, savings, and eToro money across its trading, investing, wealth management, and neo-banking pillars. The company also enhanced its market presence by introducing 24/5 trading for U.S. equities, new long-term portfolios in partnership with Franklin Templeton, and savings products in France, while expanding its footprint in Asia with a new hub in Singapore.
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