Trading platform eToro exceeded Wall Street profit expectations for the third quarter, buoyed by strong retail investor activity and booming demand for both stocks and gold.
The fintech company posted an adjusted profit of $0.60 per share, ahead of the $0.56 consensus estimate, while net contribution climbed 28% to $215 million. Shares rose 7% after the announcement.
CEO Yoni Assia said investors had “gone gold-crazy” as the metal hit an all-time high in October, while portfolio rebalancing led some to trim positions in major tech stocks.
eToro’s assets under administration surged 76% year-on-year to $20.8 billion, reflecting the platform’s growing global user base. The company also launched a $150 million share buyback plan and reaffirmed its goal of entering prediction markets in 2026.
Assia said eToro is exploring strategic acquisitions to strengthen its product ecosystem amid mounting competition from Robinhood, Charles Schwab, and Morgan Stanley’s E*Trade.
