eToro posted a strong financial performance in the first quarter of the year, with net income rising 37% year-on-year to $82 million, supported by strong growth in commodities trading activity, while cryptocurrency trading continued to decline.
The company explained that adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 35% to reach $109 million, compared to $80 million during the same period last year, while net contribution increased by 19% to $258 million.
Commodity trading was the main driver of the results, accounting for about 60% of total trading commissions during the quarter, with trading volumes nearly four times higher than the previous year.
In contrast, April data showed a decline in cryptocurrency activity on the platform, with crypto trading volumes falling by 32% year-on-year to 2 million transactions, while the average investment value per transaction fell by 22% to $207.
The company also continued to expand its investment services by adding Japanese stocks to its platform, bringing the number of supported markets to 26 global exchanges, in addition to activating the “BitLicense” license to launch cryptocurrency trading services in New York.
On the level of technological innovation, eToro launched the AI-powered “Agent Portfolios” feature and strengthened its collaboration with xAI by integrating “Grok 4.2” market sentiment analysis technologies within the “Tori” smart investment platform.
