eToro SMASHES EXPECTATIONS!
eToro blew past earnings forecasts. Revenue hit $227M, beating estimates. GAAP net income soared to $69M, $0.71 per share. This massive beat crushed competitors. $ETORO stock surged up to 19%.
2025 revenue projection is $868M, up 10%. Net income jumps 12% to $216M. Assets under management are $18.5B. Crypto trading volume dropped 38% to $3.59B. Investors are chasing higher volatility in gold and commodities. CEO Yoni Assia confirms funds are moving from low-volatility crypto to metals. January data shows crypto activity remains weak. Crypto trades down 50%, average investment down 34%. Total trades are up 55% across all assets. This signals a pivot, not an exit. eToro is increasing its buyback program by $100M. They have $1.3B in cash.
Not financial advice.