eToro's third-quarter net profit fell 74% year-on-year, and the board approved a buyback of up to 250000000 USD.
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PANews, citing the announcement, said eToro's Q3 net income fell 74% year-over-year, and the board approved a stock buyback program of up to 250,000,000 USD.
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eToro's third-quarter net profit fell 74% year-on-year, announces buyback of up to 250000000 USD
PANews November 10 news, according to an official announcement, multi-asset trading platform eToro (ETOR) released its 2026 third-quarter financial report, with net contribution of 186000000 USD, down 13% year-on-year, mainly due to reduced cryptocurrency trading activity; GAAP net profit was 15000000 USD, down 74% year-on-year; adjusted EBITDA was 34000000 USD, down 56% year-on-year. As of the end of the third quarter, the number of funded accounts increased 18% year-on-year to 4390000, and assets under management were 20800000000 USD, flat compared with the same period last year. In addition, in October eToro's cryptocurrency transactions fell 62% year-on-year to 2000000 transactions. The eToro board of directors also approved a share buyback plan of up to 250000000 USD.
According to PANews citing an official announcement, eToro released its Q3 2026 financial report.
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Net contribution was 186,000,000 USD, down 13% year-over-year, which the report mainly attributed to reduced cryptocurrency trading activity.
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GAAP net income was 15,000,000 USD, down 74% year-over-year; adjusted EBITDA was 34,000,000 USD, down 56% year-over-year.
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As of the end of Q3, the number of funded accounts grew 18% year-over-year to 4,390,000, and assets under administration were 20,800,000,000 USD, flat compared with the same period last year.
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October cryptocurrency trades fell 62% year-over-year to 2,000,000 trades.
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eToro's board of directors approved a stock buyback program of up to 250,000,000 USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report presents a situation in which account growth and earnings decline coexist: the number of funded accounts increased, but net contribution, net income, and adjusted EBITDA all declined, and assets under administration were flat. As for the buyback, the original text says the board approved a program and does not state how many shares have actually been bought.
Why it matters to readers
This news provides information on eToro's earnings, account size, cryptocurrency trading activity, and buyback program at the same time; one cannot focus only on account growth or the buyback amount while ignoring the earnings decline.
When reading, one should distinguish between different metrics: growth in funded accounts does not equal growth in net income; "up to 250,000,000 USD" is the upper limit of the buyback program, not the completed buyback amount.
Risks and unknowns
The evidence provided is a media paraphrase and does not include the full text of the official announcement, so the financial report and buyback terms cannot be directly verified.
The original text does not state the buyback execution timeline, actual buyback amount, or completion status.
The original text does not provide any share price reaction, so it is impossible to judge how the market assessed the financial report and buyback program.
The original text cannot confirm whether subsequent trading activity and earnings have recovered.
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Net contribution
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