Onlinetrading platform eToro (NASDAQ: ETOR) delivered mixed results in its first earnings report asa public company, with net contribution climbing 26% in Q2 2025 while netincome stayed essentially flat compared to the same period last year.eToro Posts 26% Jump inNet Contribution Despite Flat EarningsThe companyposted net contribution of $210 million for the second quarter, up from $167million a year earlier, driven primarily by increased trading activity acrossits platform. However, net income under generally accepted accountingprinciples (GAAP) held steady at $30.2 million, compared to $30.6 million in thesecond quarter of 2024.Theearnings included $15 million in costs related to eToro's initial publicoffering and other one-time expenses. When excluding these items, adjusted netincome rose to $54.2 million from $44.2 million in the prior year period.However, compared with Q1 2025, net contribution fell by about 3%, while net income dropped by nearly 50%, shrinking from $60 million in the first three months of 2025. Adjusted EBITDA, meanwhile, declined by 10% from $80 million.User Base and Assets Show GrowthFunded accounts grew 14% to3.63 million users, up from 3.17 million last year. The increase came from bothnew customer acquisition efforts and the company's 2024 purchase of Australianinvesting app Spaceship.Morenotably, assets under administration surged 54% to $17.5 billion, nearlydoubling from $11.3 billion in the second quarter of 2024. This metric tracksthe total value of assets held by users on the platform, includingcryptocurrencies, stocks, and cash balances.The companyended June with $1.2 billion in cash and short-term investments.CEO Highlights ProductExpansionChiefExecutive Yoni Assia emphasized the company's product development during thequarter. "In the second quarter, we offered 24/5 trading for U.S.equities, introduced new long-term portfolios in partnership with FranklinTempleton, and launched savings products in France, all while strengthening ourfootprint in Asia through our new Singapore hub," Assia said.The companyrolled out several new features, including 24/5 trading for 100 U.S. stocks,allowing users to trade outside normal market hours. eToro also expanded itsU.S. cryptocurrency offerings to over 100 digital assets and introducedAI-powered investment strategies called Alpha Portfolios.Cryptocurrencies account for the overwhelming majority of the company’s revenue, while trading in other instruments currently represents only a small share.Geographic and ProductDiversificationeTorocontinued expanding beyond its core trading business. The company launchedFrench savings products including retirement and life insurance options. InEurope, it rolled out the eToro Money debit card offering 4% stock rewards onpurchases.Theplatform also activated its license from Singapore's financial regulator,establishing the city-state as its Asian headquarters. CFO Meron Shani notedthe company's "focus on profitable revenue growth" in its firstquarter as a publicly traded entity.Lookingahead, Assia highlighted plans for tokenization technology and AI tools that hebelieves "will transform how retail investors interact with the marketsand create new opportunities for growth".This article was written by Damian Chmiel at www.financemagnates.com.