eToro Group Ltd (NASDAQ:ETRO) reported fourth quarter results that topped Wall Street expectations, sending its shares up almost 17% on Tuesday morning.
For the quarter, the trading platform posted adjusted diluted earnings per share of $0.71, ahead of the $0.64 consensus estimate.
Revenue for the period came in at $226.8 million, topping analyst expectations of $222.3 million.
On a GAAP basis, fourth quarter net income rose 16% year-over-year to $69 million, compared with $59 million in the same period a year earlier. Adjusted net income increased 6% to $70 million from $67 million.
Adjusted EBITDA declined 19% year-over-year to $87 million from $108 million, while net contribution fell 10% to $227 million from $253 million.
Funded accounts grew 9% year-over-year to 3.81 million, and assets under administration (AUA) increased 11% to $18.5 billion.
The company reported cash, cash equivalents, and short-term investments of $1.3 billion as of December 31, 2025.
eToro also reported selected January 2026 metrics. Assets under administration were $18.4 billion, up 2% year-over-year, while funded accounts increased 9% to 3.85 million.
Total capital markets/ECC trades reached 74 million in January, up 55% year-over-year, with invested amount per trade rising 8% to $252.
In crypto activity, total trades declined 50% year-over-year to 4 million, and invested amount per trade fell 34% to $182. Interest-earning assets increased 17% year-over-year to $7.7 billion, and total money transfers rose 68% to $1.8 billion.
“Our fourth quarter results reflect the strength and resilience of our multi-asset business model. We delivered compelling financial performance through a combination of diversified revenue streams, healthy funded accounts growth, and disciplined financial management,” eToro finance chief Meron Shani said in a statement.
“Furthermore, we are off to a strong start to 2026 with our January capital markets KPIs demonstrating the ability of our platform to adapt and perform across all different market conditions, including the recent spike in commodities trading.