eToro Q3 Earnings: Crypto Trading Surges, Costs Match Revenue

• eToro Q3 crypto revenue hits $3.97B, costs nearly match at $3.89B.
• Overall net income up 48% to $57M, AUA reaches $20.8B.
• $150M buyback announced, shares jump 8% post-earnings.

Social trading platform eToro reported robust Q3 2025 results, with crypto trading volumes soaring amid US expansion.

However, high hedging costs in crypto derivatives nearly erased departmental profits. Overall net income rose 48% YoY to $57 million, backed by diversified revenue and $150 million share buyback announcement.

Crypto Trading Volumes Triple YoY {#h-crypto-trading-volumes-triple-yoy}

eToro’s crypto-related revenue reached $3.97 billion in Q3, up from $1.4B a year earlier, driven by a sharp increase in retail activity. October saw 5 million crypto trades, an 84% YoY jump, with average trade size rising 52% to $320. In the US, newly funded accounts already surpassed full-year 2024 levels after expanding supported crypto assets from 3 to 110.

@eToro Q3 2025 results are in! 📣

Highlights (YoY):

⬆️ Net Contribution: +28% → $215M

⬆️ Adjusted EBITDA: +43% → $78M

⬆️ Adjusted Net Income: +35% → $60M

⬆️ Funded Accounts: +16% → 3.73M

⬆️ Assets Under Administration: +76% → $20.8B

⬆️ Cash & Investments: $1.2B

⬆️ Adjusted… — Yoni Assia (@yoniassia) November 10, 2025

Staking for Cardano, Ethereum, and Solana was introduced, alongside yield-bearing tokens. Despite the surge, crypto derivatives recorded net losses of over $18 million, driven by hedging expenses totaling $3.89 billion—nearly matching revenue.

Overall Financials Show Strong Growth {#h-overall-financials-show-strong-growth}

Company-wide metrics remained solid. Net contribution grew 28% YoY to $215M, while adjusted EBITDA climbed 43% to $78M. Assets under administration (AUA) hit $20.8 billion, up 76% YoY, with funded accounts reaching 3.73 million (+16%). GAAP net income was $57 million.

eToro launched AI-powered strategy tools, 24/5 trading for major US indices, and a premium subscription tier (eToro Club). A $150 million share repurchase program—$50 million via accelerated buyback—was also unveiled. Shares rose 8% in early trading following the November 10 release. eToro Group Ltd. (ETOR) share price: Yahoo Finance

Market Reaction and Outlook {#h-market-reaction-and-outlook}

Analysts viewed results positively, noting that crypto volumes exceeded forecasts and maintaining a Buy rating. Community feedback on X highlighted retail crypto demand recovery and upcoming wallet features supporting on-chain lending and prediction markets.

JUST IN: @eToro just crushed Q3 2025 expectations thanks to surging crypto volumes.

Mainstream users are trading more than ever — and fintech isn’t just surviving, it’s growing off-chain rails into digital assets. Don’t sleep on brokerage evolution. 🧠 #CryptoAdoption #Fintech… pic.twitter.com/imux5k9KCZ — ₿itBlitz (@BitBlitz) November 10, 2025

Tokenized stocks on Ethereum remain under regulatory scrutiny. CEO Yoni Assia emphasized, "We remain focused on executing our strategy across trading, investing, wealth management, and neo-banking while driving innovation in crypto and AI.

Today @eToro CEO & Co-Founder, @yoniassia, joined @moneymoverscnbc with @carlquintanillan and @SaraEisen to discuss quarterly earnings and what’s coming next for eToro. — eToro US (@eToroUS) November 10, 2025

With disciplined cost management and diversified revenue streams delivering sustainable profit growth, eToro is well-positioned for continued US market penetration and accelerated expansion across Asia in 2026, capitalizing on macro tailwinds to drive long-term shareholder value.