eToro Group Ltd.'s management explains the business in its own materials. The slides below do the most of that work, pulled from the documents preserved in Sources. Each source link opens the complete presentation at that slide in a new tab.
The fullest current statement of the business — vision, the four pillars, every product line, market sizing, unit economics and the revenue model in one deck. The best zero-to-understanding starting point. · Open the full document →
p. 3 — Vision and mission in one line: open the global markets to everyone — the framing for everything that follows. · Open the full presentation →p. 4 — The three-year scorecard — funded accounts, assets under administration, net contribution and adjusted EBITDA, all higher in 2025. · Open the full presentation →p. 5 — Nine years of commission mix by asset class — how the revenue base rotates between crypto, equities, commodities and FX as markets shift. · Open the full presentation →p. 6 — Q4 snapshot with the funded-account geography split — Europe/UK is 71% of accounts, the Americas just 10%. · Open the full presentation →p. 7 — The four pillars — Trading, Investing, Wealth Management, Neo-Banking — plotted against share of wallet and global expansion. · Open the full presentation →p. 8 — Three-year product-shipping roadmap across all lines, from 2024 actuals through the 2026 pipeline — the cadence of the build-out. · Open the full presentation →p. 9 — The strategic arc from the 2025 IPO to a 2030 'financial super app', anchored on AI and moving on-chain. · Open the full presentation →p. 10 — How eToro sizes its market — a ~$50T online-brokerage SAM inside $350T of investable wealth, with the generational wealth transfer as tailwind. · Open the full presentation →p. 12 — Trading pillar: 24/7 access, futures and options, 150+ cryptoassets and 25 stock exchanges. · Open the full presentation →p. 13 — Investing pillar: the App Store, the Tori AI analyst, the Club subscription and yield-generating products. · Open the full presentation →p. 14 — The App Store thesis — public APIs turn users and partners into builders, extending the product without eToro building it all. · Open the full presentation →p. 15 — Smart Portfolios: 127 managed baskets built with Franklin Templeton, ARK and others, shown against their benchmarks. · Open the full presentation →p. 16 — The social-investing engine — 5,000+ Pro Investors across 70+ countries whose portfolios other users can copy. · Open the full presentation →p. 17 — The copy marketplace laid bare — leading Pro Investors, their copier counts and multi-year returns. · Open the full presentation →p. 18 — Wealth Management pillar: recurring investments, ISAs, superannuation and local savings products by market. · Open the full presentation →p. 19 — Neo-Banking pillar: 1.87M money accounts, debit cards, a self-custody wallet and crypto transfers bridging TradFi and DeFi. · Open the full presentation →p. 20 — Global expansion in practice — the Singapore license, U.S. momentum and the UAE build-out. · Open the full presentation →p. 21 — How the brand scales — community-led sports sponsorships, including the BWT Alpine Formula One team. · Open the full presentation →p. 22 — Unit economics: cumulative ARPU by cohort, with marketing spend typically repaid in 2-3 quarters and older vintages compounding to ~2.7x. · Open the full presentation →p. 26 — The revenue engine decomposed — trading contribution (crypto and ECC), net interest, eToro Money and subscriptions. · Open the full presentation →p. 28 — The interest-income leg — $8.1B of interest-earning assets, a second revenue stream alongside trading. · Open the full presentation →p. 32 — What customers actually hold — AUA split across cryptoassets, equities and cash over three years. · Open the full presentation →p. 33 — Why 'net contribution' matters — $13.8B of gross revenue nets to $868M once crypto pass-through cost is stripped out. · Open the full presentation →
The latest edition — current-quarter numbers plus the developments that post-date the full-year deck: the Zengo acquisition, the App Store going live, the Club subscription and 24/7 AI-driven trading. · Open the full document →
p. 4 — The current-quarter scorecard — 4.02M funded accounts, $17.0B AUA and adjusted EBITDA up 35% year on year. · Open the full presentation →p. 7 — One-slide tour of everything shipped this quarter across all four pillars — App Store, 24/7, New York crypto, Zengo, Club. · Open the full presentation →p. 8 — The 24/7 push — always-on trading extended to commodities and equity indices, not just crypto. · Open the full presentation →p. 9 — The AI-stack diagram — from AI-personalized UX to autonomous agent execution, over a social-data 'moat'. · Open the full presentation →p. 10 — The App Store, now live — 1,500 apps built, with a developer portal and public APIs opening the platform. · Open the full presentation →p. 11 — AI in the product — the Tori analyst (via Grok) and Agent Portfolios that run users' own AI agents in a ring-fenced sub-account. · Open the full presentation →p. 12 — Copy trading at an all-time high, with individual Pro Investor examples — the social product that most differentiates eToro. · Open the full presentation →p. 14 — The Zengo acquisition — a 2M-user self-custody wallet as eToro's gateway to DeFi, perpetuals and prediction markets. · Open the full presentation →p. 15 — The post-Zengo crypto map — a regulated brokerage alongside a self-custodial on-chain wallet, TradFi to DeFi in one identity. · Open the full presentation →p. 16 — The Club subscription with actual pricing — $14.99/month for stock-back rewards, higher cash interest and premium tools. · Open the full presentation →
Third Quarter 2025 Shareholder Update — Q3 2025 · 42 pages · The Q3 2025 read, mid-way between the IPO and the full-year results, for the quarter-by-quarter progression. · Open →
Second Quarter 2025 Shareholder Update — Q2 2025 · 38 pages · The first full quarter as a public company, covering the IPO-related costs and early product launches across the four pillars. · Open →
First Quarter 2025 Shareholder Update — Q1 2025 · 35 pages · The debut post-IPO deck (Q1 2025) — the baseline the later quarters build on. · Open →
