eToro reported stronger-than-expected results for the third quarter, according to Keefe, Bruyette & Woods (KBW). The trading platform posted adjusted EBITDA of $78 million, exceeding both KBW’s forecast of $70 million and market consensus of $70.6 million, driven by higher crypto trading revenue and net interest income.
The company said its GAAP net income rose 48% year-over-year to $57 million, reflecting disciplined cost management and solid user growth. Crypto trading volume reached $56 million, surpassing expectations of $36.3 million, while total net contribution increased to $215 million. eToro ended the quarter with 3.73 million funded accounts, slightly above estimates, and assets under administration grew to $20.8 billion from $17.5 billion.
Looking ahead, eToro announced a $150 million share repurchase program, including a $50 million accelerated buyback. Analysts expect future performance to depend on continued strength in digital asset trading and broader market conditions.
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