The post eToro CFO hails ‘diversified strength’ as digital assets lift earnings 43% appeared on BitcoinEthereumNews.com. Key Takeaways What were eToro’s key financial highlights for Q3? Net contribution rose 28% to $215 million, net income grew 48% to $57 million, and assets under administration jumped 76% to $20.8 billion. How is eToro expanding globally? It now operates in 75 countries, with U.S. offerings growing from 3 to 110 crypto assets, including ADA, ETH, and SOL staking. Tel Aviv-based trading platform eToro has reported a strong third quarter, driven largely by a surge in its crypto business. According to the company’s latest earnings release, eToro’s digital asset division saw significant growth after it expanded its lineup of cryptocurrencies and introduced staking services for investors. In fact, eToro’s Board has also approved a $150 million share buyback program, including an initial $50 million accelerated repurchase.  Execs weigh in Yoni Assia, eToro’s Co-founder and CEO, said,  “We  remain focused on executing our strategy across our four  key pillars of trading, investing, wealth management, and neo-banking, developing new products and services that deliver value to users across every step of their investing journey.” Echoing similar sentiments, Meron Shani, eToro CFO, added, “Our results reflect the strength of our diversified revenue streams across segments and geographies, robust user engagement, and disciplined cost management, a trend that has continued into October.”  Details of the eToro Q3 earnings As per the press release, eToro’s net contribution rose 28% to $215 million, and net income following Generally Accepted Accounting Principles (GAAP) jumped 48% to $57 million. The company also boosted its adjusted EBITDA by 43% to $78 million, demonstrating strong cost efficiency and growth momentum. Additionally, eToro expanded its funded accounts by 16% to 3.73 million, driven by the successful acquisition of Spaceship, and increased its assets under administration (AUA) by 76% to $20.8 billion, highlighting its growing global reach. In October too, eToro… The post eToro CFO hails ‘diversified strength’ as digital assets lift earnings 43% appeared on BitcoinEthereumNews.com. Key Takeaways What were eToro’s key financial highlights for Q3? Net contribution rose 28% to $215 million, net income grew 48% to $57 million, and assets under administration jumped 76% to $20.8 billion. How is eToro expanding globally? It now operates in 75 countries, with U.S. offerings growing from 3 to 110 crypto assets, including ADA, ETH, and SOL staking. Tel Aviv-based trading platform eToro has reported a strong third quarter, driven largely by a surge in its crypto business. According to the company’s latest earnings release, eToro’s digital asset division saw significant growth after it expanded its lineup of cryptocurrencies and introduced staking services for investors. In fact, eToro’s Board has also approved a $150 million share buyback program, including an initial $50 million accelerated repurchase.  Execs weigh in Yoni Assia, eToro’s Co-founder and CEO, said,  “We  remain focused on executing our strategy across our four  key pillars of trading, investing, wealth management, and neo-banking, developing new products and services that deliver value to users across every step of their investing journey.” Echoing similar sentiments, Meron Shani, eToro CFO, added, “Our results reflect the strength of our diversified revenue streams across segments and geographies, robust user engagement, and disciplined cost management, a trend that has continued into October.”  Details of the eToro Q3 earnings As per the press release, eToro’s net contribution rose 28% to $215 million, and net income following Generally Accepted Accounting Principles (GAAP) jumped 48% to $57 million. The company also boosted its adjusted EBITDA by 43% to $78 million, demonstrating strong cost efficiency and growth momentum. Additionally, eToro expanded its funded accounts by 16% to 3.73 million, driven by the successful acquisition of Spaceship, and increased its assets under administration (AUA) by 76% to $20.8 billion, highlighting its growing global reach. In October too, eToro…