eToro Group Ltd. (NASDAQ:ETOR) saw its shares climb more than 4.6% in premarket trading Monday, after reporting a 35% increase in third-quarter adjusted net income, as strong user growth and diversified revenue streams continued to drive performance.
The trading and investing platform posted adjusted earnings of $0.60 per share, topping analyst estimates of $0.58. Revenue surged to $4.11 billion, a sharp increase from $1.56 billion in the same period last year. The company’s net contribution, a key profitability metric, rose 28% year-over-year to $215 million.
“We delivered another strong quarter of profitable growth, with Net Contribution and Adjusted EBITDA increasing year over year by 28% and 43% respectively,” said Meron Shani, eToro’s CFO.
“Our results reflect the strength of our diversified revenue streams across segments and geographies, robust user engagement, and disciplined cost management.”
eToro also reported a 16% increase in funded accounts, reaching 3.73 million, while assets under administration surged 76% to $20.8 billion. In addition, the company announced a $150 million share repurchase program, including plans for an accelerated $50 million buyback.
The firm continues to expand its offerings across its four strategic areas — trading, investing, wealth management, and neo-banking. Recent initiatives include weekday continuous trading for S&P 500 and Nasdaq 100 stocks, new futures products in Europe, and AI-powered investment tools designed to enhance user experience and engagement.
Looking ahead, eToro said it remains focused on innovation and international expansion, particularly in the U.S. market, where it recently introduced CopyTrader, a feature that enables users to automatically mirror the strategies of top-performing investors on the platform.