eToro, the online trading platform that went public on Wall Street last summer, is closing its first full fiscal year as a public company with mixed results: rising profits alongside signs of slowing activity.
Net profit reached $216 million, up 12% compared with 2024. Total revenue, measured as net contribution (revenue net of commissions and trading costs), increased 10% to $868 million.
In the fourth quarter, however, activity slowed. Net contribution declined 10% to $227 million, primarily due to weakness in the cryptocurrency market, which accounts for the majority of the company’s trading revenue. Despite the slowdown, eToro increased quarterly net profit by 16% to $69 million.
The company’s business remains heavily concentrated…
