According to @garyblack00, ONON jumped 21% after a strong Q3 beat with net sales at CHF 794.4M (+25% YoY) versus CHF 767.5M estimated, adjusted EBITDA at CHF 179.9M versus CHF 144M estimated, gross margin at 65.7% versus 60.6% estimated, and EPS at CHF 0.36 versus CHF 0.22 estimated; management noted minimal tariff impact and continued brand expansion into apparel, source: @garyblack00. According to @garyblack00, regional and channel breakdown showed EMEA net sales CHF 213.3M versus CHF 201.8M estimated, Americas CHF 436.2M versus CHF 442.3M estimated, Asia Pacific CHF 144.9M versus CHF 124.6M estimated, direct-to-consumer CHF 314.7M versus CHF 304.6M estimated, and wholesale CHF 479.6M versus CHF 459.5M estimated, source: @garyblack00. According to @garyblack00, FY 2025 guidance was raised to net sales CHF 2.98B (+34% YoY) versus prior +31% YoY and versus 32.7% estimated, gross margin 62.5% versus prior 60.5%–61% and versus 61.0% estimated, and EBITDA margin above 18% versus prior 17%–17.5% and versus 17.5% estimated, source: @garyblack00. According to @garyblack00, CEO and CFO Martin Hoffman said demand remains incredibly strong, validating pricing power and a full-price strategy, positioning the brand for a competitive holiday season, source: @garyblack00. According to @garyblack00, the source does not reference any direct cryptocurrency market linkage or BTC/ETH impact, source: @garyblack00.

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).