Etoro Group Ltd. · NASDAQ:ETOR
Etoro — Q1 2026 Earnings Presentation
44 slides from Etoro's earnings presentation, 2026
Slide 1: Shareholders Update First Quarter 2026
Shareholders ne & Fist Quarter 2020
Slide 2: Disclaimers
‘etoro Disclaimers This Presentation Relates to eToro's Broader Earnings Announcement This presentation accompanies the first quarter 2026 earnings announcement press release. A hyperlink to our press release is available on the investor relations website at investors etoro.com. References to "eToro
Slide 3: Our Vision and Our Mission
‘etoro Our Vision Our Mission Opening the global markets for everyone to trade To open the global markets, connect you to leading and invest in a simple and transparent way. investors, and give you the tools you need to grow your knowledge and wealth.
Slide 4: Business Highlights
‘etoro Q12026 Business Highlights +12% YoY +15% YoY +19% YoY +35% YoY 4.02M ;:17.0B s258M_ ;109M Funded Accounts Assets Under Administration Net Contribution Adjusted EBITDA Funded Accounts in: @ Europe and U.K 72% @ Americas 10% © Asia Pacific 14% @ Middle East & Africa 4% Funded Accounts, Assets U
Slide 5: Four Strategic Pillars Driving Growth
‘etoro = Share of Users’ Wallet Four Strategic Pillars Driving Growth Delivering on multi-year strategic plan to drive global expansion, product localization and establish eToro as the broker of choice. com EES Trading Redefine trading with Al- guided execution and institutional-grade access to glob
Slide 6: First Quarter 2026 Product
‘etoro First Quarter 2026 Product
Slide 7: Product Update
‘etoro Product Update App Store live, Al agents trading on your behalf, Zengo joining eToro, crypto unlocked in New York — innovation across all four of our strategic pillars. TRADING INVESTING 24/7 Trading eToro App Store éloro sto 5 to select commodities Always on acce: including oil and gold, equ
Slide 8: Markets That Never Sleep
‘etoro = Markets That Never Sleep Bringing always-on trading to the assets that matter - r) wherever investors are, whenever they're ready to move. | Always-On Commodities 24/7 access to gold and oil, including weekends, when global events move markets fastest. 2417 24/7 Equity Continuous trading on
Slide 9: Building the AI Foundation
‘etoro Building the Al Foundation Every Inve +: Al woven through the eT stack - from social distrib to autonomous execution. User experience Al-personalized investing for every user. Copy Trading SmartPortfolios ) ( Tori (Grok4 2sentiment) ) Autonomous execution Users connect their own Al agents to
Slide 10: eToro App Store Is Live
‘etoro eToro App Store Is Live Leveraging the eToro social network with 1,500 @ Anewmarketplace enabling investors and developers to build, share, and access automated trading, analytics, and Al applications directly within eToro. apps built since Builder Program launched @ Dedicated portal giving t
Slide 11: Smarter Investing, Powered by AI
‘etoro Smarter Investing, Powered by Al From live market sentiment to Al agents trading on your behalf — built for the way you invest. Agent Portfolios: Agent Portfolios enable investors to connect their own Al agent directly to eToro through natural conversation, unlocking hands- free trading strat
Slide 12: Social Investing Scaling to New Heights
‘etoro SociallnvestingScalingto New Heights Q | +12:36% Copy trading reached an all-time high in Q1, driven by rising demand to copy and Pro Investors actively Capitalized on the Q1 A jodity rotation — te reacting to volatile market events. pte Meee Commodity Chemicals More than 5,000 Investors are
Slide 13: Smart Portfolios
‘etoro Smart Portfolios Built by eToro, our Smart Portfolios are designed to offer diversified strategies for every investor, with several performing strongly in Q1 2026, even as the broader market declined. 130+ Smart Portfolios ( Trending Smart Portfolios OilWorldWide Pe ———+48.03% Al-DataCenters
Slide 14: eToro Acquires Zengo
‘etoro eToro Acquires Zengo Accelerating eToro’s strategy of connecting traditional finance with on-chain infrastructure and the crypto-native economy. Registered Users +2 Million C Billions of USD in crypto transactions processed annually. Widely trusted across the crypto community. We believe this
Slide 15: One Investor, One Identity, One Experience.
‘etoro One Investor, One Identity, One Experience. With Zengo joining eToro, we now span the entire digital assets spectrum — from TradeFl to Defi eToro Brokerage Regulated. Liquid. Trusted. 200+ cryptoassets available on the eToro platform alongside stocks, ETFs, and other regulated instruments. oa
Slide 16: eToro Club
‘etoro ; eloro CLUB Premium Access. Now Live. Premium investing, no longer reserved for the few. Platinum-tier benefits, now accessible to every member. ( $14.99/month —) $149.99/ year) 4% back Unlimited access to Tori Higher interest in stocks on every Black Al-powered market intelligence, anytime.
Slide 17: KPIs & Financials
KPis & Financials
Slide 18: Funded Accounts
‘eToro Funded Accounts 12% growth YoY, supported by sustained acquisition momentum and strong retention globally. ; i @ Funded Accounts (M) 313 3.17 3.21 In@42024, 180,000 new funded accounts were contributed by Spaceship. Funded Accounts isa key performance indicator (KPI). For definition, see Glos
Slide 19: Commission From Trading Activity by Asset Class
‘etoro Commission From Trading Activity by Asset Class Our diversified multi-asset model in action with most of Q1 2026 commodities volume coming from users who first joined eToro for crypto or equities. © Equities © Currencies © Commodities © Cryptoassets Q2 2024
Slide 20: Net Contribution Breakdown
‘etoro’ Net Contribution Breakdown Net Trading Contribution (ECC) up 71% Yoy, driven by strong capital markets activity. © Net Trading Contribution (Cryptoassets) 201 © Net Trading Contribution (Equities, Commodities, Currencies) @ Net Interest Contribution @ eToro Money © Subscriptions & Other All
Slide 21: Trading Activity
‘etoro Trading Activity Multi-asset rotation in action where our users move between asset classes as markets shift, deepening platform engagement through every cycle. Number of Trades (M) Number of trades (Capital markets/ECC*) Invested amount per trade (Capital markets/ECC*) Number of trades. (Cryp
Slide 22: Total Trades
‘eToro Total Trades Capital markets growth was driven by strong user engagement amid a favorable macro environment, and by crypto-first customers transitioning into capital markets products. © Cryptoassets © Capital Markets 166 Allfigures (M) 155 147 143 148 151 9 2 = 130 amp 126 Q3 Q4 202: 253 amma
Slide 23: Total Invested Amount
‘eToro Total Invested Amount Invested amounts continue to grow, driven by an expanding customer base, strong retention, and customer activity responding to evolving market opportunities. © Cryptoassets @ Capital Markets All figures ($B) $51 $50 $42 $43 S44 i on a3 , + ole $32, S34 Ql Q2 Q3 Q4 Ql Q2
Slide 24: Interest Earnings Assets
‘etoro Interest Earnings Assets Interest-earning assets rose 13% YoY in Q1-26 (vs. Q1-25). | Qi Q2 2024 2025 2025 2025 2025 For definition, see Glossary slide. Numbers may not sum up due to rounding; percentage changes basedon unrounded data. 5.0 5.2 5.2 | | 2024 2024 2024
Slide 25: Total Money Transfers
‘etoro Total Money Transfers Total money transfers grew 70% YoY in Q1-26, driven by the continued expansion of eToro Money services and 4.6 growing debit card adoption. @ Total Money Transfers ($B) 3.7 2024 2024 Q 2024 2024 2025 2025 2025 2025 For definitions, see Glossary side. Numbers may not sum
Slide 26: Net Income
‘etoro Net Income Net income increased 37% YoY in Q1-26 (vs. Q1-25). 2025 2026 Q 2024 2025 2025 2025 2024 2024 Netincome for 22025 includes expenses of $8.4 milion relatedto the Companysinitial public offering (IPO). For definition, see Glossary slide, Numbers may not sum up due to rounding: percent
Slide 27: Adjusted EBITDA
‘etoro Adjusted EBITDA A 35% YoY rise in Adjusted EBITDA Q1-26 (vs. Q1-25). @ Adjusted EBITDA(SM) Q2 202% 2024 202% 2024 2625 2626 For definition, see Glossary slide. Numbers may not sum up due to rounding; percentage changes based on unrounded data. See Financials’ section for reconciliation of Adj
Slide 28: AUA Breakdown
‘etoro AUA Breakdown AUA grew 15% YoY in Q1-26 (vs. Q1-25), and April saw an upward trend. © Cryptoassets @ Equities Allfigures ($B) ty | td June30, September30, December 31, June30, September30, _ December31, 2024 2024 2024 2024 3025 2025 2025 2025 2026 Cashis customers uninvested cash as well as c
Slide 29: Net Contribution
‘eToro Net Contribution U.S. dollars in thousands (Unaudited) Net trading income from equities, commodities and currencies Revenue from cryptoassets Net trading income (loss) from cryptoassets derivatives Net interest income from users Currency conversion and other income Other interest income Total
Slide 30: Net Contribution to Adjusted EBITDA
‘etoro Net Contribution to Adjusted EBITDA U.S. dollars in thousands Three months ended March 31, 2026 2025 Net Contribution 258,155 217,369 Research & Development (36,547) (35,236) Selling & Marketing (59,328) (60,339) G&A and Operations (53,768) (41,600) Adjusted OpEx (149,643) (137,175) Adjusted
Slide 31: Net Income to Adjusted EBITDA (Non-GAAP)
‘etoro Net Income to Adjusted EBITDA (Non-GAAP) U.S. dollars in thousands (Unaudited) Net income Finance expenses, net Taxes on income Share-based payment expense Depreciation and amortization Employee non-cash expense Transaction related costs Other expenses (income), net Adjusted EBITDA Adjusted E
Slide 32: Adjusted Diluted EPS (Non-GAAP)
‘etoro Adjusted Diluted EPS (Non-GAAP) U.S. dollars in thousands, except for share amounts (Unaudited) Net Income Share-based payment expense Amortization Employee non-cash expense Transaction related costs Other expenses (income), net Adjusted Net Income Before Tax Tax impact Adjusted Net Income Ba
Slide 33: Statement of Financial Position
‘etoro Statement of Financial Position U.S. dollars in thousands Asof March 31, 2026, Asof December 31,2025 Unaudited Unaudited Cash and cash equivalents 1,047,403 1,072,641 Restricted cash 327 329 Short-term investment 228,248 202,688 Counterparties 347,053 249,055 Cryptoassets 60,536 62,606 Receiv
Slide 34: Monthly Metrics
Monthly Metrics
Slide 35: Business Highlights
‘etoro Business Highlights April 30, 2025 2026 ce FundedAccounts(M) (_3.60 4.07 13%) Assets Under Administration ($B) C157 18.7 19%) Interest Earning Assets ($B) C 54 70 28% ) Total Money Transfers ($B) Cos 14 53% ) Trading Activity Number of Trades (M) Number of trades (Capital markets/ECC*) Invest
Slide 36: Appendix
Appendix
Slide 37: Consolidated Statements of Profit or Loss and Other Comprehensive Income
‘etoro Consolidated Statements of Profit or Loss and Other Comprehensive Income U.S. dollars in thousands (Unaudited) Revenue and income: Net trading income from equities, commodities and currencies Revenue from cryptoassets Net trading income from cryptoassets derivatives Net interest income from u
Slide 38: Consolidated Statements of Profit or Loss and Other Comprehensive Income (Cont.)
‘etoro Consolidated Statements of Profit or Loss and Other Comprehensive Income (Cont.) U.S. dollars in thousands, except for share amounts (Unaudited) Other comprehensive income, net: ltems that may be reclassified subsequently to profit or loss: Cash flow hedges, net of tax Other comprehensive los
Slide 39: Consolidated Statements of Cash Flows
‘etoro Consolidated Statements of Cash Flows US. dollars in thousands (Unaudited) Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Adjustments to profit or loss items Depreciation, amortization and impairment costs Sha
Slide 40: Consolidated Statements of Cash Flows (Cont.)
‘eToro’ Consolidated Statements of Cash Flows (Cont.) U.S. dollars in thousands (Unaudited) Interest received (paid), net during the period Taxes paid, net during the period Net cash provided by operating activities Cash fiows from investing activities: Purchase of intangible assets Increase of shor
Slide 41: Adjusted Operating Expenses (OpEx) (Non-GAAP) Reconciliation
‘etoro Adjusted Operating Expenses (OpEx) (Non-GAAP) Reconciliation U.S. dollars in thousands (Unaudited) Research & Development Share-based payment expense Depreciation and amortization Employee non-cash expense Adjusted Research & Development Selling & Marketing Share-based payment expense Depreci
Slide 42: Glossary (A-Z)
‘etoro Glossary (A-Z) Adjusted EBITDA: Adjusted EBITDA isa non-GAAP financial metric that we define asnetincome (oss) adjusted to ‘exclude finance and other expenses, net, taxes on income, snare-based payment expense, depreciation and amortization, employee non-cash expense, one-time transaction cos
Slide 43: Glossary (A-Z)
‘etoro Glossary (A-Z) Net Contribution Net Contribution reflects Total revenue and income, less the Cost of revenue from cryptoassets and Margin interest expense. We use Net Contribution to evaluate the net contributions of our users’ activity on our piatfom before considering the overhead costs ass
Slide 44: Investor Contacts
Investor Contacts investors@etoro.com