NasdaqGS:ETOR
NasdaqGS:ETORCapital Markets

eToro Group (ETOR) Is Up 16.1% After Q3 Earnings Beat and $150M Buyback Approval – Has The Bull Case Changed?

eToro Group recently reported strong third-quarter results, with revenue rising to US$4.11 billion and net income reaching US$56.82 million, while also announcing a US$150 million share repurchase program approved by its board. An interesting insight is that assets under management grew by 76% to US$20.8 billion, reflecting significant user engagement and product adoption. Next, we’ll explore how the new buyback program underscores management’s confidence and influences eToro’s ongoing...