EToro beats expectations as net income jumps 37% in first quarter
The post EToro beats expectations as net income jumps 37% in first quarter appeared on BitcoinEthereumNews.com. EToro delivered a record quarterly performance in the first quarter of 2026 as strong commodities trading and expanding product offerings fueled growth across the platform. The company reported net contribution of $258 million, a 19% increase from the prior year, while net income rose 37% to $82 million. Adjusted EBITDA climbed 35% to $109 million, supported by increased trading activity and customer engagement. Funded accounts exceeded 4 million, up 12% year over year, and assets under administration grew to $17 billion. EToro also reported holding $1.3 billion in cash, cash equivalents, and short-term investments at the end of March. Product launches accelerate across AI and trading CEO Yoni Assia said the quarter combined strong financial execution with accelerated innovation across AI, trading, crypto, and wealth management products. The company launched 24/7 trading for