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ETOR — eToro News Story

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FinancialsAdventurousMid CapContrarian

Trading platform eToro's Q3 net contribution up 28%

Overview

eToro Q3 net contribution grows 28% yr/yr to $215 mln

Assets under administration increased 76% yr/yr to $20.8 bln

Company announces $150 mln share repurchase program

Outlook

eToro plans to expand its reach in the U.S. through Copy Trading

Company intends to enter an Accelerated Share Repurchase agreement for $50 mln

eToro aims to launch its crypto wallet in the next few quarters

Result Drivers

ASSETS UNDER ADMINISTRATION - Grew 76% yr/yr to $20.8 bln, driven by user acquisition and retention efforts

FUNDED ACCOUNTS - Increased 16% yr/yr to 3.73 mln, supported by user acquisition and retention efforts

PRODUCT DEVELOPMENT - AI and crypto initiatives contributed to growth, with new products enhancing user engagement

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Adjusted EPS$0.60
Q3 EPS$0.53
Q3 Net Income$56.82 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell" The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 23 three months ago Press Release: ID:nGNX1qH4hv For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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