US EditionEToro (ETOR) Third-Quarter Results Top Estimates on Crypto Trading Strength, KBW Says
10 Articles
10 Articles
eToro Shares Climb on Q3 Growth, Potential Crypto Wallet Launch Amid Ethereum Plans
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eToro Posts 76% YoY Asset Growth, Stock Rises Around 7%
Shares of social trading and investing platform eToro (Nasdaq: ETOR) increased on Monday after the business reported a 76% year-over-year boost in properties under administration to $20.8 billion in the 3rd quarter. The business likewise published a 28% boost in net contribution to $215 million, up from $167 million the previous year, together with the launch of a $150 million share bought program. Earnings under Usually Accepted Accounting Conc…
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Cryptocurrency News | Cryptocurrency Prices | Market CapEToro stock jumps on Q3 results, $150M buyback plan
eToro’s assets rose 76% to $20.8B in Q3 as crypto trading and AI tools fueled growth. The company also announced a $150M share repurchase program.
eToro reported third quarter results that exceeded expectations, according to Keefe, Bruyette & Woods (KBW). The trading platform recorded an adjusted EBITDA of $78 million, surpassing both the forecast of $70 million KBW and the market consensus of $70.6 million, driven by higher revenues in cryptocurrency trading and net interest income. The company reported that its net income GAAP increased 48% year-on-year to $57 million, reflecting discipl…
eToro Posts Robust Q3, Unveils $150M Buyback After Nasdaq Debut
Fifteen years after turning copy-trading into a mainstream idea, eToro Group Ltd. is back in investor favor. The Tel Aviv-founded broker, now trading on Nasdaq under the ticker ETOR, beat expectations for its third quarter and paired the result with a $150 million share-buyback plan and a possible $50 million accelerated repurchase. The results mark the strongest sign yet that eToro has rebuilt momentum after a turbulent few years that included …
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