Shares of eToro (NASDAQ: ETOR) surged 14% on Tuesday after the global trading platform reported its strongest quarter of 2025, outperforming competitors such as Robinhood (HOOD) and Coinbase (COIN) amid a broader slowdown in crypto trading activity.
The Israel-based stock and cryptocurrency trading platform posted fourth-quarter revenue of $227 million, marking a 6% increase from the previous quarter. eToro also delivered a record net profit of $69 million for Q4. For the full year 2025, revenue climbed to $868 million, up 10% from $788 million in 2024, according to its latest earnings report.
In contrast, Robinhood and Coinbase reported weaker-than-expected fourth-quarter earnings, largely impacted by declining crypto prices and reduced market volatility, which dampened trading volumes across the sector.
Although eToro experienced a drop in crypto-related revenue—falling to $3.59 billion in Q4 from $5.8 billion a year earlier—the company successfully offset losses through stronger performance in equities and commodities trading. CEO Yoni Assia noted that some crypto-focused investors have shifted toward assets like gold and silver, seeking higher volatility and new opportunities.
Assia emphasized eToro’s diversified business model, highlighting its dual identity as both a crypto-native platform and a global equities trading provider. The company currently offers more than 100 crypto assets to U.S. users and continues expanding its multi-asset investment offerings.
He also pointed to the growing transition toward blockchain-based financial systems, stating that eToro’s long-standing involvement in crypto and tokenization positions it well for an increasingly on-chain financial future.
Despite strong Q4 results, early 2026 data shows softening crypto activity. January trading volumes fell 50% year-over-year to 4 million trades, while the average investment per trade dropped 34% to $182.
Still, eToro’s diversified revenue streams appear to be shielding the company from the ongoing crypto market downturn, reinforcing investor confidence and driving ETOR stock higher.
Comment 0