eToro's third-quarter net income fell 74% to $15 million as crypto trading weakened. The platform's October data showed crypto trades down 62% year over year, while its board approved a $250 million share buyback.
eToro reported a 74% year-over-year decline in third-quarter net income to $15 million from $57 million a year earlier, as weaker crypto trading weighed on earnings.
Net contribution and crypto revenue drop
The Nasdaq-listed company's net contribution fell 13% to $186 million from $215 million, primarily due to reduced crypto trading activity, the firm said in its earnings release.
Adjusted EBITDA fell 56% to $34 million from $78 million in the same quarter last year. Revenue from crypto assets dropped to $1.35 billion from $3.97 billion, and the associated cost of crypto asset revenue was $1.29 billion, compared with $3.89 billion for the same period in 2025.
October shows further slowdown
Crypto trades fell 62% year over year to 2 million in October, the firm said on Tuesday. The average invested amount per crypto trade also declined 29% to $228 during the month.
Trading activity was lower across equities, commodities and currencies as well, with 48.2 million trades recorded in October, down 22% from October 2025.
Accounts grow as board approves buyback
eToro ended September with 4.39 million funded accounts, an 18% increase from a year earlier, while assets under administration were unchanged at $20.8 billion.
The board also approved a $250 million share buyback program, with purchases subject to market conditions and the company's liquidity requirements.
Source: The Block
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