eToro stock surged by nearly 7% after the company unveiled its robust third-quarter performance and a major share buyback initiative. The social trading and investment platform reported a remarkable 76% year-over-year growth in assets under administration, reaching $20.8 billion. This increase was attributed largely to a resurgence in crypto trading activity and the introduction of advanced AI-driven investment tools.
The firm also disclosed a significant 48% rise in net income under Generally Accepted Accounting Principles (GAAP), climbing to $57 million from $39 million in the same quarter of the previous year. Net contribution expanded by 28%, reaching $215 million compared to $167 million in Q3 2023. These strong financials reflect both expanding user engagement and the impact of strategic acquisitions.
Notably, eToro confirmed a $150 million share repurchase plan, signaling confidence in its long-term valuation and commitment to delivering shareholder value. The announcement contributed to the upward momentum of its stock price on the Nasdaq.
Customer growth was another highlight, with funded accounts increasing 16% to 3.73 million. This rise was partly fueled by the integration of the Australian fintech app Spaceship, which eToro acquired earlier in 2024. The acquisition helped broaden the platform’s reach and customer base, particularly in the Asia-Pacific region.
The company also reported a significant uptick in crypto trading activity. In October alone, users executed 5 million cryptocurrency trades—an 84% jump compared to the same month last year. The average amount invested per trade rose 52%, reaching $320. Interest-earning assets also grew to $8.7 billion, marking a 55% increase year-over-year.
Looking ahead, eToro plans to roll out a new crypto wallet aimed at offering users access to decentralized financial products such as prediction markets, tokenization services, and crypto lending. The wallet is expected to launch within the next few quarters, further enhancing the platform’s crypto capabilities.
CEO Yoni Assia emphasized the company’s renewed focus on innovation and product development. He highlighted the integration of artificial intelligence into the platform, particularly through the launch of Tori—an AI-powered analyst tool that delivers customized investment recommendations to users. This initiative aligns with eToro’s broader strategy to make investing more accessible and data-driven.
Despite regulatory challenges in the United States, where eToro halted most crypto trading following a $1.5 million settlement with the SEC in September 2024, the company maintains a long-term vision for digital asset integration. That settlement addressed claims that eToro had operated an unregistered brokerage and clearing agency through its crypto offerings.
However, the regulatory landscape in the U.S. appears to be evolving. Recent statements from key government officials suggest a more favorable outlook for digital assets. President Donald Trump has pledged to position the U.S. as a leading hub for crypto and AI development, while SEC Chair Paul Atkins remarked that most crypto tokens should not be classified as securities—a significant shift from earlier regulatory stances.
In line with broader industry trends, eToro is also moving toward tokenizing traditional financial assets. In July, the company announced plans to convert 100 of the most traded U.S. stocks and ETFs into ERC-20 tokens on the Ethereum blockchain. This initiative will enable 24/5 on-chain trading, offering users more flexibility and aligning with the growing demand for decentralized finance solutions.
This tokenization effort follows similar moves by competitors. Robinhood, for example, recently launched a Layer-2 network built on Arbitrum, allowing European investors to trade over 200 tokenized equities and ETFs with extended market access.
The competitive landscape in retail investing is rapidly evolving, driven by technological advancements and shifting regulatory frameworks. eToro’s proactive stance in embracing AI, expanding crypto offerings, and tokenizing traditional assets positions it as a formidable player in the fintech arena.
Moreover, the company’s strategic investments in user experience, through features like copy trading and intuitive mobile interfaces, continue to attract a broader demographic of investors—from beginners to professionals.
As financial markets increasingly integrate blockchain and AI technologies, platforms like eToro that adapt quickly and prioritize innovation are likely to gain a competitive edge. The company’s third-quarter results suggest it is well on its way to capitalizing on these trends.
In the coming quarters, investors will closely watch how eToro navigates international regulations, especially in the U.S., and how effectively it monetizes its new initiatives, including its upcoming crypto wallet and tokenized asset offerings. If momentum continues, the platform may not only sustain its current growth trajectory but also redefine how users engage with financial markets in the digital age.