According to @garyblack00, ONON rose 21% after a decisive Q3 beat and guidance raise driven by strong Asia-Pacific performance (source: @garyblack00). Q3 results topped estimates across key lines: net sales CHF794.4M vs CHF767.5M est (+25% YoY), adj EBITDA CHF179.9M vs CHF144M est, gross margin 65.7% vs 60.6% est, and EPS CHF0.36 vs CHF0.22 (source: @garyblack00). Regional and channel detail showed APAC CHF144.9M vs CHF124.6M, EMEA CHF213.3M vs CHF201.8M, Americas CHF436.2M vs CHF442.3M, DTC CHF314.7M vs CHF304.6M, and wholesale CHF479.6M vs CHF459.5M (source: @garyblack00). Management raised FY25 guidance to net sales CHF2.98B (+34% YoY) vs 32.7% est, gross margin 62.5% vs prior 60.5%–61% and 61.0% est, and EBITDA margin >18% vs prior 17%–17.5% and 17.5% est, reinforcing a beat-and-raise setup favored by momentum traders (source: @garyblack00). CEO and CFO Martin Hoffman cited robust demand, pricing power, and a full-price strategy as tailwinds into the holiday season, supporting sustained margin strength near term (source: @garyblack00). For crypto traders tracking cross-asset risk, IMF research documents higher post-2020 correlations between BTC and equities, meaning risk-on equity moves can coincide with crypto strength (source: IMF, Crypto Prices Move More in Sync with Stocks, Jan 2022).

According to @StockMarketNerd, ONON delivered another impressive quarter, shared via an earnings snapshot posted on X on Nov 12, 2025 (source: @StockMarketNerd on X, Nov 12, 2025). The post communicates positive quarterly performance for On Holding (ticker: ONON) but provides no specific financial metrics, guidance, or KPI details for verification (source: @StockMarketNerd on X, Nov 12, 2025). For traders, the source signals constructive earnings sentiment around ONON while indicating no direct implications for crypto markets (source: @StockMarketNerd on X, Nov 12, 2025).