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Highlights

  • eToro’s FY24 revenue rose 254% to USD 12,147 million, primarily driven by an 8% rise in net trading
  • Net income surged 1161.5% to USD 192.4 million, driven by higher revenue
  • The company priced its upsized IPO at USD 52.00 per share for 119.2 million Class A shares, split evenly between the company and existing shareholders

eToro Group Ltd (NASDAQ: ETOR) is a global financial platform founded in 2007. It offers retail access to stocks, commodities, currencies, and crypto assets. It features social investing tools like CopyTrader, Smart Portfolios, and a community network. Services include eToro Money, extended-hours trading, charting tools, and the Popular Investor program. The platform also provides educational resources through eToro Academy and is headquartered in a major financial hub.

In the financial year 2024 (FY24), eToro reported a 254% surge in revenue from crypto assets to USD 12,147 million from USD 3,431 million in 2023, primarily driven by an 8% rise in the net trading income from equities, commodities, and currencies. Net income surged 1161.5% to USD 192.4 million, driven by higher revenue. Total cash and cash equivalents increased by 48.2% to USD 575.0 million, partially offset by cash outflow from investing and financial activities.

Recent Business Update

On May 14, 2025, eToro Group announced the pricing of its upsized initial public offering at USD 52.00 per share for 119,230,018 Class A common shares. The offering is evenly split between eToro and existing shareholders, with the stock trading under the ticker symbol “ETOR”.

Company Outlook

As of May 22, eToro anticipates a 14% increase in funded accounts, reaching approximately 3.58 million in Q1 2025, up from 3.13 million in Q1 2024. Net trading contribution is projected to rise by around 7%, ranging between USD 214 million and USD 217 million, supported by higher trading activity. Adjusted EBITDA is expected to decline by about 10%, estimated between USD 76 million and USD 89 million, reflecting continued investment in growth initiatives. Net income is forecast to decrease by roughly 9%, landing between USD 56 million and USD 60 million, as the company prioritizes marketing and expansion efforts to leverage favourable market conditions.

 Stock Information

Shares of ETOR closed 1.63% lower at USD 65.39 on May 23, 2025. The stock has lost around 1.13% in the past week. Its 52-week low and high range from USD 60.76 to USD 74.28.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is May 23 2025. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.