ETORO

eToro Reports Fourth Quarter and Full-Year 2021 Financial Results

Retrieved on: 
Monday, March 7, 2022

eToro Group Ltd (eToro or the Company), the leading social investing network, today announced its fourth quarter 2021 and full-year financial results1.

Key Points: 
  • eToro Group Ltd (eToro or the Company), the leading social investing network, today announced its fourth quarter 2021 and full-year financial results1.
  • Yoni Assia, CEO and Co-founder of eToro, commented: eToro closed 2021 with a strong fourth quarter, generating over $300 million in total commissions.
  • For the fourth quarter of 2021, total commissions were $304 million, up 85% versus Q4 2020, driven by strong commissions from trading activity, higher interest income and higher other charges.
  • Adjusted EBITDA for the fourth quarter of 2021 was negative $24 million, largely driven by the Companys significant investments in growth initiatives, including marketing.

Social Investment Network eToro Reports Third Quarter 2021 Financial Results

Retrieved on: 
Friday, November 12, 2021

eToro Group Ltd (eToro or the Company), the leading social investment platform, today announced its third quarter 2021 interim financial results.

Key Points: 
  • eToro Group Ltd (eToro or the Company), the leading social investment platform, today announced its third quarter 2021 interim financial results.
  • Adjusted EBITDA for the third quarter of 2021 was negative $25 million, largely driven by the Companys significant investments in growth initiatives, including marketing.
  • We continue to see strong engagement and user growth on the eToro platform, as evidenced by the addition of more than 160,000 funded accounts in the third quarter of 2021.
  • Regarding the proposed merger with FinTech Acquisition Corp. V (NASDAQ: FTCV), the company continues to target a closing in the fourth quarter of 2021.

Social Investment Network eToro Reports Continued Strong Momentum

Retrieved on: 
Wednesday, August 25, 2021

Yoni Assia, CEO and Co-founder of eToro, commented: We continue to see strong positive momentum and our Q2 numbers demonstrate ongoing growth in new registered users and total commissions.

Key Points: 
  • Yoni Assia, CEO and Co-founder of eToro, commented: We continue to see strong positive momentum and our Q2 numbers demonstrate ongoing growth in new registered users and total commissions.
  • eToro understands that people learn in different ways so the eToro Academy offers a variety of resources including written guides, videos, webinars and podcasts, as well as in-person and online training courses.
  • Sponsorship: the sense of community amongst sports fans is closely aligned with eToro's social features and eToro has continued to expand its sports sponsorship.
  • Shalom Berkovitz, CFO and Deputy CEO said: eToro is on track to hit our 2021 forecast supported by a strong second quarter*.

Social Investment Network eToro Reports Year-Over-Year Growth in Total Commissions

Retrieved on: 
Tuesday, June 29, 2021

This increase in users and an increase in trading activity resulted in total commissions of $347 million in the first quarter of 2021, up 141% from the first quarter of 2020.

Key Points: 
  • This increase in users and an increase in trading activity resulted in total commissions of $347 million in the first quarter of 2021, up 141% from the first quarter of 2020.
  • Total commissions are comprised of commissions from trading activity, interest and other charges.
  • eToro is built around social collaboration and financial education and has created a thriving community where users can connect, share, and learn.
  • eToro is a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors.

eToro to Participate in Morgan Stanley Virtual Financials, Payments and CRE Conference

Retrieved on: 
Friday, June 11, 2021

ET on June 16, Yoni Assia, Co-founder and Chief Executive Officer of eToro will participate in a fireside chat.

Key Points: 
  • ET on June 16, Yoni Assia, Co-founder and Chief Executive Officer of eToro will participate in a fireside chat.
  • A live audio webcast will be accessible to the general public through the conference link and on the eToro investor relations site.
  • On March 16, 2021, eToro and FinTech Acquisition Corp. V (NASDAQ:FTCV), a publicly-traded special purpose acquisition company, entered into a definitive business combination agreement that would result in eToro becoming a public company.
  • eToro is a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors.

eToro Demonstrates Accelerated Growth With Latest Results

Retrieved on: 
Thursday, June 3, 2021

eToro saw a 214% increase in the number of new registrations on the platform compared to the same period in 2020.

Key Points: 
  • eToro saw a 214% increase in the number of new registrations on the platform compared to the same period in 2020.
  • The number of trades on the platform topped 210 million in Q1, with growth driven predominantly by retail demand for stocks.
  • eToro plans to launch the eToro Money app and debit card in the U.K. and E.U.
  • There may be additional risks that neither eToro nor FTV presently know or that eToro and FTV currently believe are immaterial that could also cause actual events and results to differ.