eToro Q3 Profit Drops 74% as Crypto Trading Activity Slows
Summary
eToro reported third-quarter net income of about $15 million, down 74% year over year, and net contribution fell 13% to roughly $186 million as crypto trading activity weakened. Funded accounts rose 18% to 4.39 million, while assets under administration reached about $20.8 billion. The company also authorized a $250 million share repurchase. The results show that customer growth does not necessarily translate into higher trading revenue when activity slows; crypto was a factor, though performance also reflects other products and business conditions.
