The post eToro stock surges on strong Q3 results and $150M buyback appeared on BitcoinEthereumNews.com.

Shares of the global social trading and investment platform eToro surged significantly on Monday, November 10. This increase follows the announcement that the company’s assets under management have escalated by 76%, reaching a total of $20.8 billion for the third quarter compared to the same period last year. Apart from this report, eToro made public a 28% surge in net contribution, reaching $215 million. Reports indicated that this figure is up from $167 million recorded the previous year. Additionally, the eToro board approved a share repurchase plan of up to $150 million, including an initial accelerated tranche of approximately $50 million. eToro shifts its focus towards developing new products and innovations eToro’s net income following Generally Accepted Accounting Principles (GAAP), a set of standardized regulations and guidelines for financial accounting and reporting used in the United States, soared by 48% to reach $57 million.  On the other hand, the number of funded accounts increased by 16%, attaining a total of 3.73 million. This growth was partly attributed to the integration of  Australia’s Spaceship app, a micro-investing and wealth management application.  Following these moves, reports dated Monday, November 10, revealed that eToro’s stock climbed about 7% during intraday trading on Nasdaq. This was after the company’s users made 5 million cryptocurrency trades last month. The cryptocurrency trades marked an increase from the same time last year. In the meantime, the average investment for each trade skyrocketed by  52% to reach $320 while interest-earning assets grew to $8.7 billion, demonstrating a 55% year-over-year increase.  In light of this significant accomplishment, eToro sought to generate further excitement in the crypto ecosystem with news of the launch of its crypto wallet.   According to the company, the introduction is expected within the next few quarters. According to reliable sources, this crypto wallet will provide users…

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Filed under: News - @ November 11, 2025 12:30 am