ETOR · eToro Group Ltd.

eToro delivered its strongest quarterly results as a public company in Q1 2026, with net contribution rising 19% YoY to $258 million, primarily fueled by a surge in commodities trading which accounted for ~60% of trading commissions and saw volumes increase nearly fourfold YoY. Net income climbed 37% to $82 million on GAAP basis, while Adjusted EBITDA expanded 35% to $109 million, reflecting disciplined cost management and diversified revenue streams including net trading income from equities, commodities, currencies, and interest income. CEO Yoni Assia highlighted acceleration in product innovation such as 24/7 trading for commodities, equities, indices, Japanese equities addition, New York crypto trading via BitLicense, eToro App Store, AI-powered Agent Portfolios, and xAI integration for AI agent Tori. Funded accounts grew 12% to 4.02 million supported by increased marketing spend, with Assets under Administration up 15% to $17.0 billion. CFO Meron Shani emphasized the multi-asset model's resilience. The April 30 closing of Zengo acquisition advances bridging traditional finance with on-chain crypto infrastructure. April KPIs showed AUA at $18.7 billion (+19% YoY), funded accounts 4.07 million (+13% YoY), and total money transfers $1.4 billion (+53% YoY), signaling continued momentum. Cash position remained strong at $1.3 billion including equivalents and short-term investments as of March 31.