eToro

eToro Reports Fourth Quarter and Full-Year 2021 Financial Results

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Monday, March 7, 2022
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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
Banking, Professional Services, Finance, Financial technology, Form F-4, Form, Â, Adoption, Nasdaq, Inc., Female, Industry, Privacy, III, Form S-1, Person, Prospectus, SEC filing, NASDAQ, Knowledge, CEO, Income, Investment, Growth, COVID-19, Lists of disasters, Forward-looking statement, SM, AUA, Sale, Woman, Board, Acquisition, Company, EToro, Board of directors, SEC, Oregon Watershed Enhancement Board, Proxy, EVP, Vulnerability and Risk Committee, Marketing, Name, Risk, CFO, Animal, Cryptocurrency, Financial services, Security (finance), eToro, FinTech Acquisition Corp. V, ETORO, FINTECH ACQUISITION CORP. V

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

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Wednesday, August 25, 2021
Professional Services, Finance, Crypto, Dogecoin, XRP, Industry, BTC, Company, Jumpstart Our Business Startups Act, ETH, ADA, COVID, Privacy, Nasdaq, Â, Growth, Lists of disasters, Proxy, Form, Acquisition, SEC, Knowledge, EToro, DOGE, Form S-1, Hibernation, Q2, ETF, Person, SEC filing, Name, CFO, Social collaboration, Forward-looking statement, Board, NASDAQ, Prospectus, Risk, English, CEO, History, Financial technology, Education, Bundesliga, III, Sale, COVID-19, F-4, Income, Tutoring, Cryptocurrency, Video game, Financial adviser, Financial services, Security (finance), eToro, FinTech Acquisition Corp. V, ETORO, FINTECH ACQUISITION CORP. V

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
Finance, Consulting, Banking, Professional services, Other Professional Services, Finance, Money, Economy, Foreign exchange companies, eToro, Commission, Investor, eToro, FinTech Acquisition Corp. V, ETORO, FINTECH ACQUISITION CORP. V

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

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Friday, June 11, 2021
Banking, Professional services, Finance, Finance, Money, Service companies, Foreign exchange companies, eToro, Special-purpose acquisition company, Investor, eToro, FinTech Acquisition Corp. V, ETORO, FINTECH ACQUISITION CORP. V

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
Consulting, Banking, Professional services, Finance, Service companies, Finance, Financial services, Foreign exchange companies, eToro, Debit card, eToro, FinTech Acquisition Corp. V, ETORO, FINTECH ACQUISITION CORP. V

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.

FinTech Acquisition Corp. V and eToro Group Ltd. Announce Confidential Submission of Registration Statement Related to Proposed Business Combination

Retrieved on: 
Thursday, June 3, 2021
Professional services, Finance, Service companies, Finance, Financial markets, SEC filings, Shareholders, Proxy statement, Statements, U.S. Securities and Exchange Commission, eToro, Prospectus, Registration statement, Forward-looking statement

eToro Group Ltd. (eToro) today announced the confidential submission with the U.S. Securities and Exchange Commission (SEC) of a draft registration statement on Form F-4 (the Registration Statement) relating to its previously announced business combination with FinTech Acquisition Corp. V (FTV).

Key Points: 
  • eToro Group Ltd. (eToro) today announced the confidential submission with the U.S. Securities and Exchange Commission (SEC) of a draft registration statement on Form F-4 (the Registration Statement) relating to its previously announced business combination with FinTech Acquisition Corp. V (FTV).
  • This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed business combination between FTV and eToro.
  • After the registration statement has been filed and declared effective, FTV will mail a definitive proxy statement / prospectus to its stockholders as of the record date established for voting on the proposed business combination and the other proposals regarding the proposed business combination set forth in the proxy statement.
  • eToro or FTV may also file other documents with the SEC regarding the proposed business combination.

eToro offers exposure to crypto market with new stocks portfolio

Retrieved on: 
Monday, April 26, 2021
Payment systems, Cryptocurrencies, Bitcoin, Digital currencies, Finance, Service companies, eToro, Economics of bitcoin, Legality of bitcoin by country or territory

b'LONDON, April 26, 2021 /PRNewswire/ -- eToro, the world\'s leading social investment network, today launches BitcoinWorldWide, a thematic portfolio based on the companies in the value chain behind bitcoin.

Key Points: 
  • b'LONDON, April 26, 2021 /PRNewswire/ -- eToro, the world\'s leading social investment network, today launches BitcoinWorldWide, a thematic portfolio based on the companies in the value chain behind bitcoin.
  • "\nReleased in 2009, bitcoin currently boasts a market capitalisation in excess of $1 trillion.
  • eToro considers bitcoin\'s value chain to include companies operating in the mining, semiconductor, payments, exchange, custodianship and insurance spaces, as well as the asset itself.
  • "It is a broader approach to bitcoin investing that offers a diversified investment, uncorrelated with the bitcoin itself, but maintains exposure to the growth potential of the crypto sector.

eToro Releases Q1 2021 Report titled "Inherent Value" Looking at Scenarios for How Bitcoin Could Replace the USD and Become Digital Gold

Retrieved on: 
Wednesday, April 21, 2021
Payment systems, Service companies, Finance, Cryptocurrencies, Bitcoin, Digital currencies, eToro

First, it explores The Pathology of Hyperinflation and looks at the role Bitcoin would play in this scenario.

Key Points: 
  • First, it explores The Pathology of Hyperinflation and looks at the role Bitcoin would play in this scenario.
  • "Bitcoin dominance fell significantly as retail and crypto-native institutional investors turned to alts attracted by the prospect of massively outsized returns.
  • Today, eToro is a global community of more than 20 million registered users worldwide who share their investment strategies.
  • The TIE\'s Crypto SigDevTM Terminal is the fastest and most comprehensive feed of real-time market moving news and information in crypto.\n'

eToro adds Chainlink and Uniswap amid investor surge for crypto

Retrieved on: 
Monday, April 19, 2021
Cryptocurrencies, Articles, Concurrent computing, Finance, Uniswap, Ethereum, eToro, Blockchain, Joseph Lubin, Smart contract, Decentralized finance, Draft:Honeyswap

It is currently the 12th biggest crypto with a market value of over $16 billion1.\nUNI is a governance token for the Uniswap decentralized exchange built on the Ethereum blockchain.

Key Points: 
  • It is currently the 12th biggest crypto with a market value of over $16 billion1.\nUNI is a governance token for the Uniswap decentralized exchange built on the Ethereum blockchain.
  • Uniswap facilitates automatic trading of any ERC token where there is liquidity between unknown counterparties, using smart contracts.
  • eToro has been offering its customers access to crypto in a safe way for over 8 years.
  • eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.\n'