eToro shares climbed 20.4% to $33.07 after the company reported stronger-than-expected fourth-quarter earnings driven largely by crypto revenues.
The company posted Q4 net income of $68.7 million, up 16% year-on-year, with earnings per share of 71 cents versus analyst expectations of 60 cents, while revenue totalled $3.87 billion.
Crypto revenue accounted for $3.59 billion of quarterly revenue, helping eToro outperform rivals Coinbase and Robinhood, both of which missed expectations amid last year’s crypto market downturn.
Full-year 2025 revenue rose more than 9% to $13.84 billion, with net income increasing 12% to $215.7 million, as annual crypto revenue reached $13 billion, up nearly 7% from 2024.
“We are positioning eToro for a financial system that is increasingly moving on-chain,”
Said chief executive, Yoni Assia, describing artificial intelligence and blockchain infrastructure as reshaping how investors engage with markets.
Assia added that some crypto-focused customers are increasingly trading commodities such as gold and silver as volatility shifts, reflecting convergence between digital assets and traditional markets.
While January crypto trading volume fell 50% year-on-year to 4 million trades and average investment per crypto trade dropped 34% to $182, total platform trades rose 55% to 74 million, with the overall average investment per trade increasing 8% to $252.