eToro reported stronger-than-expected fourth-quarter earnings, sending its shares up more than 20% as crypto-related activity accounted for the majority of revenue and income. The company posted net income of $68.7 million and earnings per share of $0.71, exceeding analyst expectations despite a year-over-year decline in total revenue.
Cryptoassets generated the bulk of reported revenue lines, though largely offset by corresponding cost of revenue figures under IFRS reporting. The results contrasted with weaker earnings from competitors such as Coinbase and Robinhood, which faced pressure from lower trading volumes following a broader market downturn.
From an institutional perspective, the earnings highlight the continued importance of crypto trading activity in diversified fintech revenue models. Management also noted shifting user behavior toward commodities and multi-asset trading, reflecting a convergence trend as volatility in digital assets moderates and investors rebalance across asset classes.
