eToro reports Q1 earnings: Net income declines to $60 million due to product expansion.

PANews June 11 news, according to Finance Feeds, Israeli financial technology company eToro announced its Q1 2025 financial report, showing a net income decline of 6% year-on-year to $60 million, mainly due to increased marketing and product expansion expenses. The company's net contribution rose by 8% year-on-year to $217 million, with assets under management rising by 21% to $14.8 billion, and the number of funded accounts increasing by 14% to 3.58 million. During the reporting period, eToro launched futures trading in Europe, launched options trading in the United Kingdom, added 40 to more than 130 types of crypto assets, and added DOT and ATOM staking functions. At the same time, the company expanded its wealth management services with the launch of commodity portfolios, capital protection functions and securities lending programs. After obtaining the EU MiCA license in May, its crypto custody business passed the SOC 2 Type II certification. According to the data, as of May 31, the number of funded accounts increased to 3.61 million, with assets under management reaching $16.9 billion.