eToro Stock Surges on Strong Q3 Earnings and $150M Buyback Plan
eToro Group Ltd. (ETOR) shares jumped 7.45% to $37.48 following robust third-quarter results and a $150 million share repurchase announcement. The trading platform reported a 28% year-over-year increase in net contribution to $215 million, with net income soaring 48% to $57 million.
Adjusted EBITDA climbed 43% to $78 million, reflecting disciplined cost management. The company is expanding its trading, investing, and wealth management offerings while introducing new AI tools and crypto features to enhance its platform.