Earnings ·
etoro reports Q3 net income of $15M, down 74%, while announcing a new $250 million share repurchase program
ETOReToro Group Ltd.
eToro Group reported third-quarter 2026 results showing a sharp decline in profitability due to reduced crypto trading activity. Net income fell 74% year-over-year to $15 million, and adjusted EBITDA dropped 56% to $34 million. Despite the earnings miss, funded accounts grew 18% to 4.39 million, and assets under administration remained flat at $20.8 billion. The company also announced a new share repurchase program authorized by its board for up to $250 million. Additionally, eToro agreed to acquire LB Finanzas, a digital investment platform in Argentina, to expand its presence in Latin America. eToro operates a regulated trading and investing platform used by millions of people globally.