eToro CEO Yoni Assia on Building a Sustainable Public Company

eToro's Public Debut and Strategy Shift

• 🚀 eToro celebrated its debut on the NASDAQ, marking a significant milestone for the online equities and crypto trading platform.
• 💡 The company shifted its strategy from a 'growth at all costs' approach in 2021 to a focus on profitable growth to build a sustainable public company.
• 💰 This strategic pivot has led to significant scaling of profitability, with eToro generating over $300 million in EBITDA last year.

Financial Performance and User Base

• 📊 eToro reported approximately 40% EBITDA to net contribution margin last year, demonstrating strong financial health.
• 📈 The platform boasts over 3.5 million funded brokerage accounts holding more than $16.6 billion in assets as of the end of last year.
• 🌍 Customers globally can trade stocks across 20 capital markets and crypto assets, with a unique feature allowing users to view and copy successful investors' portfolios.

Insights from Industry Leaders

• 🤝 Yoni Assia met with Warren Buffett, seeking advice and gaining a deeper understanding of the importance of stock markets alongside crypto assets.
• 💬 Assia highlighted eToro's long-term customer track record as a key strength, emphasizing the platform's commitment to its core moto.