eToro Results Presentation Deck
P7
бетого
Letter from the CEO
Dear investors and partners,
I am happy to update that we continue to see strong positive momentum
and our Q2 numbers demonstrate ongoing growth in new registered users,
funded accounts and total commissions. The rise in self-directed investing is
a trend that is here to stay and eToro's growth is underpinned by long term
secular trends in investor behavior.
eToro today has more than 23 million global users and 2 million funded
accounts (funded accounts grew by 158% year on year.) 2.6 million new
registered users joined our platform during Q2, a 121% increase compared
to the same period last year. Total commissions increased to $362 million,
up 125% from the second quarter of 2020 (Total commissions are
comprised of commissions from trading activity, interest and other charges).
Our net trading income was $291 million, up 136 % compared with Q2 2020.
Cryptoassets drove total commissions in the second quarter of 2021,
reflecting retail investors' strong interest across the cryptos offered by eToro
with the highest trading volumes in BTC, XRP, ETH, ADA and DOGE. We have
seen a pattern over time, with increased trading activity in a particular asset
class or market influencing eToro's total commission in certain quarters or
years.
(*) Source: the U.S. Federal Reserve.
Looking at Q2 2020 to Q2 2021, unprecedented COVID induced market
volatility, oil going negative for the first time in history and crypto reawakening
to reach all time highs, all impacted investor behaviour. The diversity of
eToro's product offering and its global footprint support sustainable
long-term growth in eToro's total commissions across different market
conditions.
eToro's Americas business (the U.S. and Latin America) accounted for 12% of
funded accounts at the end of Q2 2021, up from 6% at the end of Q2 2020.
eToro's offering in the U.S. is currently limited to crypto and copy trading. It
has grown considerably over the past year and we are excited to expand our
product range with the launch of stocks later this year.
Retail investors are more important to global equity markets than ever
before. US households' equity ownership is at all-time record levels.*
This growing importance is supported by structural investment changes,
such as online community growth and zero commission trading. We are
confident that we can lead the democratization of investing and continue to
grow our share of an expanding market.View entire presentation