eToro’s Q2 2021 Net Trading Income Shows YoY 136% Increase

The multi-asset investment platform eToro Group Ltd (eToro) has released yesterday its financial figures for Q2 2021 ended June 30, disclosing that its net trading income reached $291 million, with a sharp YoY increase of 136%.

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The forex broker highlighted that the volume of total commissions stood at $362 million, up 125% compared with Q2 2020. Besides, the number of new register users was 2.6 million, enjoying a YoY raise of 121%. Regarding the assets under administration as of 30 June 2021, the figure was $9.4 billion. Furthermore, the adjusted EBITDA was $33 million for the second quarter of 2021.

“eToro is on track to hit our 2021 forecast supported by a strong second quarter. We remain focused on growth rather than short term profitability and have therefore continued to reinvest income across our marketing channels and in the continued expansion of our product offering and global presence,” said Shalom Berkovitz, CFO and Deputy CEO.

Shortly before, Fazzaco reported that eToro has launched a new feature—recurring deposits​, an option to set up automatic deposits in clients' account.