Trading platform eToro jumped more than 20% after reporting better-than-expected fourth-quarter earnings, with revenue coming mainly from its crypto services.
The company reported on Tuesday that its Q4 net income increased 16% from a year ago to $68.7 million, with earnings per share at 71 cents compared to analyst expectations of 60 cents.
Fourth-quarter revenue came in at $3.87 billion, falling 40% from the prior-year period, with its crypto revenues making up the bulk of its earnings at $3.59 billion.
The earnings beat bucked eToro’s main crypto rivals, Coinbase and Robinhood, whose Q4 earnings both missed expectations as their revenues took a hit amid a crypto market crash late last year.
Meanwhile, eToro’s full-year 2025 revenue rose more than 9% from 2024 to $13.84 billion, while its net income jumped 12% year-on-year to $215.7 million. Its full-year crypto revenue was $13 billion, up nearly 7% from 2024.
Shares climb on Q4 beat, CEO says it will catch crypto wave
Shares in eToro (ETOR) ended trading on Tuesday up 20.4% to $33.07 on the company’s earnings beat, making it one of the best-performing crypto stocks for the day. The stock fell slightly after-hours to $33.
eToro CEO Yoni Assia said it is “a pivotal moment for financial services” as artificial intelligence and the increasing use of blockchain infrastructure are “reshaping how people invest and interact with markets.”
“eToro is uniquely positioned to capture this opportunity,” he said. “We are positioning eToro for a financial system that is increasingly moving on-chain. With our long-standing leadership in crypto and tokenization, we are well placed to help shape this transition.”
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Assia told investors on an earnings call that eToro was seeing some of its crypto-focused customers “suddenly trading commodities” for the first time.
“There’s somewhat of a convergence or a shift from crypto, which now has lower volatility, to now basically gold, silver, and other commodities that have higher volatility,” he said.
Meanwhile, the company said that its crypto trading volume in January was down 50% from last year, with 4 million crypto trades over the month, and that the amount invested per trade had also dropped 34% to $182.
However, the total number of trades last month was up 55% year-over-year to 74 million, with the amount invested per trade up 8% to $252.
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