eToro Q3: AUA +76% to $20.8B, GAAP net income +48% and $150M share buyback; crypto trades and wallet rollout highlighted

eToro reported Q3 results showing assets under administration rose 76% y/y to $20.8B, net contribution +28% to $215M, GAAP net income +48% to $57M, and funded accounts +16% to 3.73M. The firm announced a $150M share repurchase program, flagged strong crypto activity (5M crypto trades in October, +84%), interest-earning assets of $8.7B (+55%), and plans to launch a crypto wallet in coming quarters. eToro is investing in product innovation (AI analyst Tori) and earlier revealed plans to tokenize U.S. stocks on Ethereum; it also settled with the SEC in 2024 and temporarily suspended most U.S. crypto trading.
AI Analysis
Concrete, market-moving results and actions: AUA up 76% to $20.8B, GAAP net income up 48% to $57M, a $150M buyback announced, and large growth in crypto trading volumes (5M trades in October, +84%); also noted wallet launch plans and SEC settlement with a temporary suspension of most U.S. crypto trading.