eToro Q2 Earnings Call Transcript: Big Bets on AI
- Aug 11
- 2 min read
eToro Group Ltd. (ETOR) Q2 FY2026 earnings call transcript. (2026, August 11). Yahoo Finance. https://finance.yahoo.com/quote/ETOR/earnings/ETOR-Q2-2026-earnings_call-666697.html
Net contribution increased 9% year-over-year to $229 million and adjusted EBITDA grew 9% to $78 million, with funded accounts up 18% to 4.28 million and assets under administration up 10% to more than $19 billion.
eToro rewrote its entire app from scratch using AI, replacing more than 500 person-years of prior development work, and placed its Tori AI agent at the center of the new experience.
The company enabled MCP trading with official Grok and Claude connectors, allowing users to authorize AI agents to trade autonomously in their accounts under read-only or portfolio-scoped permissions.
Agent Portfolios, agentic investing through Tori, and newly launched sub-accounts let users allocate capital to AI agents and separate financial goals while retaining control over objectives, capital allocation, and risk parameters.
The eToro App Store now carries more than 75 applications built by developers, partners, and pro investors, and the firm launched eToro Edge, a professional-grade web platform for active traders.
TradeZero, being acquired for up to $230 million, brings self-clearing broker-dealer infrastructure, proprietary trading platforms, shorting technology and patents, and options and futures APIs to eToro's U.S. offering alongside the company's newly received RIA license.
eToro extended its on-chain stack through the Zengo self-custody wallet acquisition, an investment in perpetual futures platform Extended, a founding partnership in Open USD, prediction markets on Zengo, and pre-IPO perpetual futures that let users trade the SpaceX price ahead of its offering.
Knote: The most interesting data point for me is that they say they re-wrote their entire code base with AI. So AI has replaced what they claim was 500 person-years of work in (presumably) something far less than 500 person-years. Those are some fancy numbers.