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Stock impact report

eToro (ETOR) Soars 9% on Earnings Blowout [Yahoo! Finance]

eToro Group Ltd. - Class A Common Shares (ETOR) 
Company Research Source: Yahoo! Finance
eToro extended its gains for a third straight day on Tuesday, adding 9.30 percent to close at $41.24 apiece as investor sentiment was bolstered by a strong earnings performance in the third quarter of the year. In an updated report, eToro Group Ltd. (NASDAQ:ETOR) said net income increased by 47.5 percent to $56.8 million from $38.5 million in the same period last year. Total revenues expanded by 162 percent to $4.1 million from $1.56 million year-on-year. “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. We continue to see momentum across key performance metrics with funded accounts up 16 percent and assets under administration up 76 percent year over year, underscoring our laser focus on increasing our customer base and share of wallet,” said eToro Group Ltd. (NASDAQ:ETOR) CFO Meron Shani. eToro (ETOR) Soars 9% on Earnings Blowou Show less Read more
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