EToro’s $150 million buyback follows a 30% stock drop since IPO, amid rising profits, expanding accounts, and a surge in crypto-driven assets under management.
EToro announced a $150 million share repurchase program after its stock fell 30% from its IPO price. In Q3, GAAP net profit rose to $56.8 million, supported by strong growth in crypto trading activity. Active funded accounts increased 16% year-over-year to 3.7 million, while assets under management surged 76% to $20.8 billion. The company’s buyback includes a $50 million accelerated component, aiming to shore up shareholder value amid expanding crypto market involvement.